M&A - APPlife Digital Solutions Inc

Form Type: 8-K

Filing Date: 2025-06-20

Corporate Action: Acquisition

Type: New

Accession Number: 000109690625000993

Filing Summary: On June 13, 2025, Applife Digital Solutions, Inc. completed an acquisition of Sugar Auto Parts, Inc., having entered into an Acquisition Agreement on April 25, 2025. The deal involved the acquisition of all equity interests in Sugar in exchange for 240,000,000 shares of restricted common stock of Applife. Additionally, the Company issued 15,000 shares of Series A preferred stock, 4,500 shares of Series B preferred stock, and 2,500 shares of Series C preferred stock. Sugar made an initial cash payment of $150,000, with a further $150,000 due within 95 days post-closing. On the same day, changes in the executive team were announced, with Matthew Reid resigning from various positions and Michael Hill appointed as the new CEO. Concurrently, Barrett Evans was appointed as CFO. On May 29, 2025, the Company amended its Articles of Incorporation and designed new classes of preferred stock in connection with the acquisition. Furthermore, a press release was issued on June 20, 2025, regarding the completion of this acquisition.