Sow Good Inc. Enters Material Definitive Agreement
Ticker: SOWG · Form: 8-K · Filed: Jan 25, 2024 · CIK: 1490161
Complexity: simple
Sentiment: neutral
Topics: material-agreement, corporate-action
TL;DR
**SOWG just signed a big deal, watch for future impacts!**
AI Summary
Sow Good Inc. filed an 8-K on January 25, 2024, reporting an event that occurred on January 19, 2024, regarding an entry into a material definitive agreement. This filing indicates a significant new commitment or contract for the company, which could impact its future operations and financial performance. For investors, this matters because material agreements can lead to new revenue streams, increased expenses, or changes in strategic direction, directly affecting the stock's value.
Why It Matters
This filing signals a new, important contract for Sow Good Inc., which could significantly alter its business operations, financial outlook, and potentially its stock price.
Risk Assessment
Risk Level: medium — The filing indicates a material agreement without disclosing its specifics, creating uncertainty about its potential positive or negative impact.
Analyst Insight
A smart investor would monitor future filings or press releases from Sow Good Inc. for details about the material definitive agreement, as its terms will dictate the actual impact on the company's financials and strategic direction.
Key Players & Entities
- Sow Good Inc. (company) — the registrant filing the 8-K
- January 19, 2024 (date) — date of the earliest event reported
- January 25, 2024 (date) — date the 8-K was filed
- Nevada (company) — state of incorporation for Sow Good Inc.
- 000-53952 (dollar_amount) — Commission File Number
- 27-2345075 (dollar_amount) — IRS Employer Identification No.
- 1440 N Union Bower Rd Irving, TX 75061 (company) — address of principal executive offices
- (214) 623-6055 (dollar_amount) — registrant's telephone number
- SOWG (company) — trading symbol for Common Stock
- OTCQB (company) — exchange on which Common Stock is registered
FAQ
What is the primary purpose of this 8-K filing by Sow Good Inc.?
The primary purpose of this 8-K filing is to report an "Entry into a Material Definitive Agreement" as per Item 1.01, and to include "Financial Statements and Exhibits" as per Item 9.01, with the earliest event reported on January 19, 2024.
When did the event reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on January 19, 2024, as stated under "Date of Report (Date of earliest event reported): January 19, 2024."
What is Sow Good Inc.'s trading symbol and on which exchange is its common stock registered?
Sow Good Inc.'s trading symbol is SOWG, and its Common Stock is registered on the OTCQB exchange, as indicated under "Securities registered pursuant to Section 12(g) of the Act."
What is the state of incorporation for Sow Good Inc.?
Sow Good Inc. is incorporated in Nevada, as stated under "State or other jurisdiction of incorporation: Nevada."
What is the business address and phone number of Sow Good Inc.?
The business address of Sow Good Inc. is 1440 N Union Bower Rd, Irving, TX 75061, and its telephone number is (214) 623-6055.
Filing Stats: 746 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2024-01-25 16:32:35
Key Financial Figures
- $5,250 — des for rent payments at fixed price of $5,250 USD per month plus the corresponding Va
Filing Documents
- sowg20240124_8k.htm (8-K) — 27KB
- ex_618891.htm (EX-10.1) — 141KB
- 0001437749-24-002198.txt ( ) — 329KB
- sowg-20240119.xsd (EX-101.SCH) — 3KB
- sowg-20240119_def.xml (EX-101.DEF) — 11KB
- sowg-20240119_lab.xml (EX-101.LAB) — 14KB
- sowg-20240119_pre.xml (EX-101.PRE) — 11KB
- sowg20240124_8k_htm.xml (XML) — 2KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.   On January 19, 2024, Sow Good Inc., a Nevada corporation (the "Company") entered into a sublease agreement (the "Sublease Agreement") with Papsa Merx S. de R.S. de C.V., a corporation registered in Mexico City, Mexico (the "Sublessor"). Pursuant to the terms of the Sublease Agreement, the Company will sublease approximately 141 rentable square meters at Av. Roble 660, Valle del Campestre, 66265 San Pedro Garza Garca Municipality, Nuevo Len, 66269 (the "Premises") for a term of approximately seventeen months (the "Term"), which the Company intends to use as office space. The Term of the Lease Agreement will commence on February 1, 2024 (the "Sublease Commencement Date"). The Sublease Agreement provides for rent payments at fixed price of $5,250 USD per month plus the corresponding Value Added Tax ("VAT") for the duration of the Term. The Company is also responsible for operating expenses of the Premises, which includes a maintenance fee, electricity and internet services. The Company is required to provide a deposit of guarantee in the amount of $5,250 USD in connection with the Sublease Agreement. The Sublease Agreement does not have a renewal period.   The foregoing summary of the Sublease Agreement does not purport to be complete and is qualified in its entirety by reference to the Sublease Agreement, which is filed as Exhibit 10.1 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   The following exhibit is being filed herewith:   Exhibit No.   Description       10.1*   Sublease Agreement by and between Papsa Merx S. de R.S. de C.V. and the Company, dated January 19, 2024. 104   Cover Page Interactive Data File (embedded within the Inline XBRL document)   *Certain exhibits and schedules have been omitted in accordance with Item 601(a)(5) of Regulation S-K. The registrant agrees to furnish supplementally a copy of any omitted exhibit or schedule to the SEC upon its request.          SIGNATURE   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.     SOW GOOD INC.         By: /s/ Claudia Goldfarb   Name: Claudia Goldfarb   Title: Chief Executive Officer       Dated: January 25, 2024