M&A - Authentic Holdings, Inc.

Form Type: 8-K

Filing Date: 2025-05-02

Corporate Action: Acquisition

Type: New

Accession Number: 000147793225003217

Filing Summary: On April 29, 2025, Authentic Holdings, Inc. signed and closed a new Asset Purchase Agreement with Goliath Motion Picture Promotions to formally acquire various assets previously licensed. This acquisition includes full-length motion pictures and serial television shows. In consideration for the asset purchase, the Seller will exchange 100,000 shares of Series D Preferred Stock for 100,000 shares of the newly established Series F Preferred Stock of Authentic Holdings, Inc. The company plans to market these assets across both Over the Air and Streaming Platforms, capitalizing on existing distribution partnerships through its subsidiary, Maybacks Global Entertainment. Additionally, the Purchase Agreement provides customary representations and warranties, along with stipulations regarding the shares of preferred stock including the lack of dividends and limited voting rights for the Series F Preferred Stock. The shares are being issued in reliance upon exemptions provided by the Securities Act of 1933, in connection with this acquisition.

Form Type: 10-K

Filing Date: 2025-04-16

Corporate Action: Acquisition

Type: Update

Accession Number: 000147793225002774

Filing Summary: Authentic Holdings, Inc., through various strategic acquisitions, has formed a multi-faceted media and merchandising company. Notably, the acquisition of assets from AH Originals, Inc. involved a significant share issuance and promissory note. In April 2023, the Company acquired its subsidiary, Maybacks, which now operates as an Over the Air and platform-driven television network. Furthermore, the company has engaged in significant asset licensing from Goliath Motion Picture Promotions and is in the process of tokenizing its content library to enhance distribution capabilities. However, Authentic Holdings has faced financial challenges, reporting an accumulated deficit of over $39 million, highlighting the risks involved in the operations and acquisitions.