Asset Entities Inc. Files 8-K for Material Agreement

TL;DR

Asset Entities Inc. signed a big deal on Nov 25th, filed an 8-K. Watch this space.

AI Summary

Asset Entities Inc. filed an 8-K on December 2, 2024, reporting a material definitive agreement entered into on November 25, 2024. The filing also includes financial statements and exhibits. The company is incorporated in Nevada and its principal executive offices are located in Dallas, Texas.

Why It Matters

This 8-K filing indicates a significant new agreement for Asset Entities Inc., which could impact its business operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, the specifics of which are not detailed in this initial 8-K filing.

Key Numbers

• 001-41612 — SEC File Number (Identifies the company's filing with the SEC)
• 88-1293236 — IRS Employer Identification No. (Company's tax identification number)

Key Players & Entities

• Asset Entities Inc. (company) — Filer of the 8-K report
• November 25, 2024 (date) — Date of the earliest event reported (entry into material definitive agreement)
• December 2, 2024 (date) — Date of the report
• Nevada (jurisdiction) — State of incorporation
• Dallas, TX (location) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.0001 — hich registered Class B Common Stock, $0.0001 par value per share ASST The Nasdaq
• $120,000 — ed, the Owner will receive a payment of $120,000 within five business days following the
• $40,000 — t. Additionally, the Owner will be paid $40,000 for creating a screenplay, with specifi

Filing Documents

• ea0223039-8k_asset.htm (8-K) — 28KB
• ea022303901ex10-1_asset.htm (EX-10.1) — 78KB
• ex10-1_001.jpg (GRAPHIC) — 15KB
• 0001213900-24-104219.txt ( ) — 315KB
• asst-20241125.xsd (EX-101.SCH) — 3KB
• asst-20241125_lab.xml (EX-101.LAB) — 33KB
• asst-20241125_pre.xml (EX-101.PRE) — 22KB
• ea0223039-8k_asset_htm.xml (XML) — 4KB

01 Entry into a Material Definitive

Item 1.01 Entry into a Material Definitive Agreement On November 25, 2024, Asset Entities Inc. (the "Company") entered into a Purchase Agreement (the "Agreement") with Jeff Blue ("Owner") regarding the literary work entitled "One Step Closer: From Xero to #1: Becoming Linkin Park" (the "Work"). Under the terms of the Agreement, the Company has acquired a 50% ownership interest in the film, TV, streaming, and other media adaptation rights to the Work. The Agreement stipulates several conditions precedent, including approval of the chain-of-title to the Work by the Company, and receipt of necessary tax forms and other documents for payment processing. In consideration of the rights granted, the Owner will receive a payment of $120,000 within five business days following the satisfaction of the conditions precedent. Additionally, the Owner will be paid $40,000 for creating a screenplay, with specific milestones for payment. The Company is granted 50% ownership of the motion picture, sequel, remake, series, and other adaptation rights to the Work, while the Owner retains 100% of the proceeds from book sales and the right to create an A&R series or documentary based on the Linkin Park story. The Company may undertake development, pre-production, and production activities related to the Work, and the Owner will serve as a producer and provide consultation on key creative and development matters. The Owner will receive credit in the main titles of the production and in paid advertisements, and the Company will receive an Executive Producer credit on all adaptations. Both parties have made representations and warranties regarding their authority to enter into the Agreement and the ownership and rights to the Work. The Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Purchase Agreement dated November 25, 2024, between Asset Entities Inc. and Jeff Blue 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 2, 2024 ASSET ENTITIES INC. /s/ Arshia Sarkhani Name: Arshia Sarkhani Title: Chief Executive Officer and President 2

View Full Filing

View this 8-K filing on SEC EDGAR