Vemanti Group Files 8-K for Material Agreement
Ticker: VMNT · Form: 8-K · Filed: Dec 31, 2024 · CIK: 1605057
| Field | Detail |
|---|---|
| Company | Vemanti Group, Inc. (VMNT) |
| Form Type | 8-K |
| Filed Date | Dec 31, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $162,750, $0.06, $0 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-statements, 8-k
Related Tickers: VMNT
TL;DR
Vemanti Group (VMNT) filed an 8-K on 12/26 for a material agreement. Watch for details.
AI Summary
Vemanti Group, Inc. filed an 8-K on December 26, 2024, reporting a material definitive agreement and financial statements. The company, incorporated in Nevada with its principal executive offices in Irvine, CA, operates in the Finance Services sector.
Why It Matters
This filing indicates a significant event or agreement for Vemanti Group, Inc., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — An 8-K filing signifies a material event, which could introduce new risks or opportunities that are not yet fully understood.
Key Players & Entities
- Vemanti Group, Inc. (company) — Registrant
- December 26, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- Irvine, CA (location) — Address of principal executive offices
- 949-559-7200 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the material definitive agreement reported by Vemanti Group, Inc.?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on December 26, 2024.
In which state was Vemanti Group, Inc. incorporated?
Vemanti Group, Inc. was incorporated in Nevada.
What is the business address of Vemanti Group, Inc.?
The principal executive offices are located at 7545 Irvine Center Dr., Ste 200, Irvine, CA 92618.
What is the SIC code for Vemanti Group, Inc.?
The Standard Industrial Classification (SIC) code for Vemanti Group, Inc. is 6199, which falls under Finance Services.
Filing Stats: 551 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-12-31 17:29:34
Key Financial Figures
- $162,750 — May 9, 2023 in the principal amount of $162,750. Pursuant to the Amendment, the conve
- $0.06 — t, the conversion price was adjusted to $0.06 and FirstFire agreed to convert the ent
- $0 — n stock. The balance of the Note is now $0. The foregoing summary of the Amendmen
Filing Documents
- vmnt_8k.htm (8-K) — 25KB
- vmnt_ex1025.htm (EX-10.25) — 10KB
- 0001477932-24-008433.txt ( ) — 150KB
- vmnt-20241226.xsd (EX-101.SCH) — 6KB
- vmnt-20241226_lab.xml (EX-101.LAB) — 13KB
- vmnt-20241226_cal.xml (EX-101.CAL) — 1KB
- vmnt-20241226_pre.xml (EX-101.PRE) — 8KB
- vmnt-20241226_def.xml (EX-101.DEF) — 2KB
- vmnt_8k_htm.xml (XML) — 4KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On December 26, 2024, the Company entered into Amendment #3 (the "Amendment") to the Senior Promissory Note (the "Note") issued to FirstFire Global Opportunities Fund, LLC, a Delaware limited liability company ("FirstFire") on May 9, 2023 in the principal amount of $162,750. Pursuant to the Amendment, the conversion price was adjusted to $0.06 and FirstFire agreed to convert the entire balance of the Note no later than three business days after the execution of the Amendment. On Thursday, December 26, 2024, FirstFire converted the balance of the Note for a total of 1,200,000 shares of the Company's common stock. The balance of the Note is now $0. The foregoing summary of the Amendment is qualified in its entirety by the terms of the Amendment, which is filed as Exhibit 10.25 to this Current Report on Form 8-K and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.25 Amendment #3 to the Senior Promissory Note Issued on May 9, 2024, dated December 26, 2024 by and between Vemanti Group, Inc. and FirstFire Global Opportunities Fund, LLC 104 Inline XBRL for the cover page of this Current Report on Form 8-K 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 thereunto duly authorized. VEMANTI GROUP, INC. Dated: December 31, 2024 By: /s/ Tan Tran Name: Tan Tran Title: Chief Executive Officer 3