Can B Corp. Reports Exit and Disposal Costs
Ticker: NASC · Form: 8-K · Filed: Jun 18, 2024 · CIK: 1509957
| Field | Detail |
|---|---|
| Company | Can B CORP (NASC) |
| Form Type | 8-K |
| Filed Date | Jun 18, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $300,000, $132,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: restructuring, disposal, operations
TL;DR
Can B Corp. is shedding some assets/operations, costs involved.
AI Summary
On June 14, 2024, Can B Corp. reported costs associated with exit or disposal activities. The filing does not specify the exact dollar amount or nature of these costs, but indicates they are related to the company's operational changes.
Why It Matters
This filing signals potential restructuring or divestment activities within Can B Corp., which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — Reporting exit and disposal costs can indicate financial distress or significant strategic shifts, warranting closer examination.
Key Players & Entities
- Can B Corp. (company) — Registrant
- June 14, 2024 (date) — Date of earliest event reported
- Florida (jurisdiction) — State of incorporation
- Hicksville, NY (location) — Principal executive offices
FAQ
What specific activities are associated with the exit or disposal costs reported by Can B Corp.?
The filing states "Cost Associated with Exit or Disposal Activities" but does not provide specific details on the nature of these activities.
When did the earliest event related to these costs occur?
The earliest event reported in relation to these costs was on June 14, 2024.
What is Can B Corp.'s state of incorporation?
Can B Corp. is incorporated in Florida.
Where are Can B Corp.'s principal executive offices located?
Can B Corp.'s principal executive offices are located at 960 South Broadway, Suite 120, Hicksville, NY 11801.
Does this filing provide a specific dollar amount for the exit or disposal costs?
No, the filing reports the category of costs but does not specify a dollar amount.
Filing Stats: 523 words · 2 min read · ~2 pages · Grade level 12.6 · Accepted 2024-06-18 16:58:55
Key Financial Figures
- $300,000 — n resulted in proceeds of approximately $300,000 which were applied to the Company's obl
- $132,000 — incur lease termination costs of up to $132,000 in connection with the termination of i
Filing Documents
- form8-k.htm (8-K) — 34KB
- 0001493152-24-024299.txt ( ) — 198KB
- canb-20240614.xsd (EX-101.SCH) — 3KB
- canb-20240614_lab.xml (EX-101.LAB) — 33KB
- canb-20240614_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. Date: June 18, 2024 Can B Corp . By: /s/ Marco Alfonsi Name: Marco Alfonsi Title: CEO