Digipath Completes Asset Acquisition/Disposition
Ticker: FUNI · Form: 8-K · Filed: Feb 23, 2024 · CIK: 1502966
Sentiment: neutral
Topics: acquisition, asset-disposition, corporate-event
TL;DR
**Digipath just completed a major asset deal, but the filing is light on details.**
AI Summary
Digipath, Inc. filed an 8-K on February 23, 2024, reporting the completion of an acquisition or disposition of assets on February 20, 2024. The filing indicates a significant corporate event related to asset changes, though specific details about the acquired or disposed assets, their value, or the counterparty are not provided within the excerpt. This event is categorized under Item 2.01 and Item 9.01 of Form 8-K.
Why It Matters
This filing signals a material change in Digipath's asset structure, which could impact its financial health and future operations, potentially altering its business focus or capacity.
Risk Assessment
Risk Level: medium — The filing indicates a significant asset transaction but lacks specific details, creating uncertainty about its financial impact and strategic implications.
Key Players & Entities
- Digipath, Inc. (company) — Registrant
- Nevada (location) — State of Incorporation
- February 20, 2024 (date) — Date of earliest event reported
- February 23, 2024 (date) — Filing date
- 6450 Cameron Street, Suite 113 Las Vegas, NV 89118 (location) — Business address
- 702-527-2060 (phone_number) — Registrant's telephone number
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 20, 2024.
What is the name of the registrant company?
The registrant company is Digipath, Inc.
What items of Form 8-K are being reported in this filing?
This filing reports on Item 2.01 (Completion of Acquisition or Disposition of Assets) and Item 9.01 (Financial Statements and Exhibits).
Where is Digipath, Inc. incorporated?
Digipath, Inc. is incorporated in Nevada.
What is the business address of Digipath, Inc.?
The business address of Digipath, Inc. is 6450 Cameron Street, Suite 113, Las Vegas, NV 89118.
Filing Stats: 782 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2024-02-23 10:41:27
Key Financial Figures
- $2,300,000 — s to Buyer for a cash purchase price of $2,300,000 (the "Purchase Price"). The Purchase Pr
- $150,000 — at the closing was greater or less than $150,000. The closing of the transaction was sub
- $230,000 — Purchase Agreement, the Buyer deposited $230,000 into an escrow account upon the executi
- $2,240,004.50 — nst Digipath Labs. The Company received $2,240,004.50 in cash at closing including $72,022.67
- $72,022.67 — 240,004.50 in cash at closing including $72,022.67 from a working capital surplus which is
- $97,981.83 — ther adjustment post-closing as well as $97,981.83 of available cash in the business. The
Filing Documents
- form8-k.htm (8-K) — 35KB
- 0001493152-24-007618.txt ( ) — 202KB
- digp-20240220.xsd (EX-101.SCH) — 3KB
- digp-20240220_lab.xml (EX-101.LAB) — 33KB
- digp-20240220_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
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. Digipath, Inc. Date: February 22, 2024 By: /s/ A. Stone Douglass A. Stone Douglass Chief Financial Officer