M&A - Earth Science Tech, Inc.

Form Type: 8-K

Filing Date: 2025-03-11

Corporate Action: Acquisition

Type: Update

Accession Number: 000149315225009863

Filing Summary: On March 15, 2025, Earth Science Tech, Inc. amended its January 30, 2025 Acquisition Agreement with Las Villas Healthcare, LLC and Doconsultations.com, LLC. The amendment adjusts the purchase price from $400,000 to $200,000. The Targets have already received an initial payment of $50,000, with a balance of $150,000 due at closing, scheduled to follow a 90-day due diligence period.

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Form Type: 8-K

Filing Date: 2025-02-04

Corporate Action: Acquisition

Type: New

Accession Number: 000149315225004719

Filing Summary: On January 30, 2025, Earth Science Tech, Inc. entered into an acquisition agreement to acquire Las Villas Healthcare, LLC and Doconsultations.com, LLC for a total of $400,000. An upfront payment of $50,000 will be made, with the remaining $350,000 due at closing after a 90-day due diligence period. In a separate agreement on the same date, the company will acquire 80% of Magnefuse, LLC and Alicat, LLC for $240,500, with an upfront payment of $210,500 and $30,000 due at closing, also after a 90-day due diligence period. The company has an option to purchase the remaining 20% of the Targets within two years post-closing based on revenue valuation. Additionally, as of January 31, 2025, the company has repurchased 17,422,680 shares under its repurchase program initiated on January 29, 2024, reducing outstanding shares from 315,181,821 to 297,397,903, a decrease of 5.53%. The repurchase program runs until December 31, 2025.

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