Bankruptcy: Graze, Inc.

Form Type: 1-U

Filing Date: 2025-07-11

Corporate Action: Bankruptcy

Type: New

Accession Number: 000164033425001187

Filing Summary: Graze, Inc. reports significant corporate changes following a shareholder reconstitution of its Board on April 30, 2025. It was disclosed that Ms. Valeri Inting and Mr. John Vlay were appointed as directors, and Ms. Inting later assumed the role of Interim President. Former CEO Mr. Logan Fahey was placed on administrative leave and resigned following an internal investigation. The Board also terminated the Regulation Crowdfunding offering on June 18, 2025, due to serious concerns about prior financial disclosures and the leadership of Mr. Fahey. Subsequently, on June 26, 2025, the Board authorized an Assignment for the Benefit of Creditors (ABC) after discovering cumulative claims exceeding $2 million and several financial irregularities. Additionally, the Board is investigating historical governance practices, previous financial obligations, and potential misconduct during the leadership transition. This report includes ongoing investigations into discrepancies involving financial transactions, operational control of company assets, and disclosure inadequacies that might have implications for creditors and shareholders. A preliminary report has been shared with stakeholders, highlighting the investigations and soliciting assistance with relevant information.