Yuengling's Ice Cream Files 8-K on Asset Acquisition/Disposition

TL;DR

**Yuengling's Ice Cream filed an 8-K about an asset deal, but gave zero details.**

AI Summary

Yuengling's Ice Cream Corporation filed an 8-K on January 16, 2024, reporting the completion of an acquisition or disposition of assets. While the filing confirms the event, it does not disclose specific details about what was acquired or disposed of, nor any dollar amounts or parties involved. This lack of detail means investors are left in the dark about the nature and financial impact of this significant corporate action, making it difficult to assess its potential effect on the company's future performance or stock value.

Why It Matters

This filing indicates a significant change in the company's asset structure, but without details, investors cannot evaluate the financial implications or strategic direction.

Risk Assessment

Risk Level: medium — The lack of specific information regarding the acquisition or disposition of assets creates uncertainty for investors.

Analyst Insight

Investors should seek further clarification from Yuengling's Ice Cream Corporation regarding the specifics of this asset transaction to understand its potential impact on the company's financials and future strategy.

Key Players & Entities

• Yuengling's Ice Cream Corporation (company) — the registrant filing the 8-K
• January 16, 2024 (date) — date of earliest event reported and filing date

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, Par Value $0.001 YCRM OTC Forward-Looking Statements
• $1,191,207.05 — ng two loans with a combined balance of $1,191,207.05. The foregoing description of the Ass

Filing Documents

• yuenglings_8k.htm (8-K) — 30KB
• yuenglings_ex1001.htm (EX-10.1) — 49KB
• 0001683168-24-000296.txt ( ) — 258KB
• ycrm-20240116.xsd (EX-101.SCH) — 3KB
• ycrm-20240116_lab.xml (EX-101.LAB) — 33KB
• ycrm-20240116_pre.xml (EX-101.PRE) — 22KB
• yuenglings_8k_htm.xml (XML) — 3KB

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K and other written and oral statements made from time to time by us may contain so-called "forward-looking statements," all of which are subject to risks and uncertainties. Forward-looking statements can be identified by the use of words such as "expects," "plans," "will," "forecasts," "projects," "intends," "estimates," and other words of similar meaning. One can identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address our growth strategy, financial results and product and development programs. One must carefully consider any such statement and should understand that many factors could cause actual results to differ from our forward-looking statements. These factors may include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking Information regarding market and industry statistics contained in this Current Report on Form 8-K is included based on information available to us that we believe is accurate. It is generally based on industry and other publications that are not produced for purposes of securities offerings or economic analysis. We have not reviewed or included data from all sources, and cannot assure investors of the accuracy or completeness of the data included in this Current Report. Forecasts and other forward-looking information obtained from these sources are subject to the same qualifications and the additional uncertainties accompanying any estimates of future market size, revenue and market acceptance of products and services. We do not assume any obligation to update any forward-looking statement. As a result, investors should not place undue reliance on these forward-looking statements.

01 Completion of Acquisition or Disposition

Item 2.01 Completion of Acquisition or Disposition of Assets On January 9, 2024, Yuengling's Ice Cream Corporation executed an Assignment of Assets for Cancellation of Debt Agreement with Mid Penn Bank to return its ice cream-related assets in exchange for the bank cancelling two loans with a combined balance of $1,191,207.05. The foregoing description of the Assignment of Assets for Cancellation of Debt Agreement herein is qualified by the terms of the full text of the agreement attached hereto as Exhibit 10.1, and the terms thereof are incorporated herein by reference.

01 Exhibits

Item 9.01 Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Assignment of Assets for Cancellation of Debt Agreement with Mid Penn Bank dated January 9, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Yuengling's Ice Cream Corporation By: /s/ Richard Jordan Richard Jordan, President & CEO Date: January 16, 2024 3

View Full Filing

View this 8-K filing on SEC EDGAR