M&A - Charlie's Holdings, Inc.

Form Type: 8-K

Filing Date: 2025-04-17

Corporate Action: Acquisition

Type: New

Accession Number: 000143774925012214

Filing Summary: On April 16, 2025, Charlie's Holdings, Inc. completed an acquisition through an Asset Purchase Agreement with R. J. Reynolds Vapor Company. The Company sold twelve PACHA synthetic products and related assets that have an active premarket tobacco application from 2022. The total purchase price was $5.0 million at closing, with an additional contingent payment of up to $4.2 million possible based on product sales during the first year of commercialization. The Agreement includes customary representations, warranties, and indemnities from both parties. The full text of the Agreement is accessible as Exhibit 10.1 in this report.