Resonate Blends Reports Material Definitive Agreement & Acquisition
Ticker: KOAN · Form: 8-K · Filed: Mar 20, 2024 · CIK: 897078
Sentiment: neutral
Topics: material-agreement, acquisition, change-of-control, corporate-action
TL;DR
Resonate Blends filed an 8-K detailing a material agreement, acquisition completion, and control changes.
AI Summary
Resonate Blends, Inc. filed an 8-K on March 20, 2024, reporting on several material events as of March 14, 2024. These include entering into a material definitive agreement, completion of an acquisition or disposition of assets, changes in control of the registrant, and changes related to directors and officers, including compensatory arrangements. The filing also includes financial statements and exhibits.
Why It Matters
This 8-K filing indicates significant corporate actions, including potential acquisitions and changes in control, which could materially impact the company's structure and future operations.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements, acquisitions, and changes in control, which inherently carry higher risk due to potential shifts in strategy and operations.
Key Players & Entities
- Resonate Blends, Inc. (company) — Registrant
- March 14, 2024 (date) — Earliest event reported
- March 20, 2024 (date) — Filing date
FAQ
What specific material definitive agreement did Resonate Blends, Inc. enter into?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in this summary.
What was the nature of the acquisition or disposition of assets?
The filing states that there was a completion of an acquisition or disposition of assets, but the specifics of the transaction are not detailed here.
Were there any changes in control of Resonate Blends, Inc. reported?
Yes, the filing explicitly mentions 'Changes in Control of Registrant' as an item reported.
What changes occurred regarding directors or officers?
The filing covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on March 14, 2024.
Filing Stats: 3,641 words · 15 min read · ~12 pages · Grade level 12.5 · Accepted 2024-03-20 07:46:29
Key Financial Figures
- $1,800 — nt equal to one thousand eight hundred ($1,800) (the "Stated Value") for each share of
- $0.0001 — holders of the common stock, par value $0.0001 per share (the "Common Stock"), and the
- $10.00 — s C Preferred Stock to Mr. Morrison for $10.00 in cash, the source of which was Mr. Mo
Filing Documents
- form8-k.htm (8-K) — 92KB
- ex10-1.htm (EX-10.1) — 5KB
- ex10-2.htm (EX-10.2) — 3KB
- ex10-3.htm (EX-10.3) — 5KB
- ex10-1_001.jpg (GRAPHIC) — 441KB
- ex10-1_002.jpg (GRAPHIC) — 526KB
- ex10-1_003.jpg (GRAPHIC) — 447KB
- ex10-1_004.jpg (GRAPHIC) — 89KB
- ex10-2_001.jpg (GRAPHIC) — 306KB
- ex10-2_002.jpg (GRAPHIC) — 109KB
- ex10-3_001.jpg (GRAPHIC) — 432KB
- ex10-3_002.jpg (GRAPHIC) — 437KB
- ex10-3_003.jpg (GRAPHIC) — 503KB
- ex10-3_004.jpg (GRAPHIC) — 423KB
- ex10-3_005.jpg (GRAPHIC) — 461KB
- ex10-3_006.jpg (GRAPHIC) — 172KB
- 0001493152-24-010614.txt ( ) — 6291KB
- koan-20240314.xsd (EX-101.SCH) — 3KB
- koan-20240314_def.xml (EX-101.DEF) — 26KB
- koan-20240314_lab.xml (EX-101.LAB) — 33KB
- koan-20240314_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
Financial Statements of Business Acquired
Financial Statements of Business Acquired. The Company will file any financial statements required by this Item not later than 71 days after closing the Exchange Agreement. (b) Pro Forma Financial Information. The Company will file any financial statements required by this Item not later than 71 days after closing the Exchange Agreement. (d) Exhibits. Exhibit No. Description 2.1 Share Exchange Agreement, dated February 20, 2024 (incorporated by reference to Current Report on Form 8-K filed on February 20, 2024) 2.2 Amendment to Share Exchange Agreement, dated March 7, 2024 (incorporated by reference to Current Report on Form 8-K filed on February 20, 2024) 10.1 Conveyance Agreement, dated March 14, 2024 10.2 Amendment to Share Exchange Agreement, dated March 18, 2024 10.3 Securities Purchase Agreement, dated March 14, 2024 104 Cover Page Interactive Data (embedded within the Inline XBRL document)
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. RESONATE BLENDS, INC. /s/ James Morrison James Morrison President Date: March 20, 2024