M&A - LFTD PARTNERS INC.

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Form Type: 8-K

Filing Date: 2025-02-24

Corporate Action: Merger

Type: New

Accession Number: 000109690625000193

Filing Summary: On February 19, 2025, LFTD Partners Inc. entered into multiple letters of intent outlining substantial proposed mergers or acquisitions with various target companies in diverse industries. The key points include the acquisition of Sustainable Innovations Inc. and its marijuana subsidiaries, TMD Ventures, LLC, and several real estate and hemp/retail companies. In these transactions, LFTD plans to acquire ownership through mergers, involving the exchange of unregistered shares of LFTD common stock as consideration. Each merger is contingent upon fulfilling specific conditions, including regulatory approvals, financial statement agreements, and necessary securities filings with the SEC. Of particular note is the planned increase in the LFTD Board size and notable agreements for executive positions and compensation adjustments linked to the company’s revenue performance post-merger.

Document Link: View Document

Additional details:

Letter Of Intent: Sustainable Innovations Inc. and marijuana subsidiaries


Merger Consideration Si Craft Grow: 1,985,811 unregistered shares of common stock of LFTD


Merger Consideration Si Transport 1: 66,194 unregistered shares of LFTD


Merger Consideration Si Transport 2: 66,194 unregistered shares of LFTD


Merger Consideration Si Infuser: 463,356 unregistered shares of LFTD


Letter Of Intent: TMD Ventures, LLC


Merger Consideration Tmd: 2,000,000 unregistered shares of LFTD


Letter Of Intent: Real Estate Companies


Merger Consideration Real Estate: 763,593 unregistered shares of LFTD


Letter Of Intent: Hemp and Retail Companies


Merger Consideration Hemp Retail: 2,290,777 unregistered shares of LFTD


Board Increase: from nine to ten members


Senior Executives Salaries: various increases tied to revenue thresholds


Warrants Granted To Board Members: assignable warrants to purchase 50,000 LFTD Shares at each of two specified exercise prices.


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