M&A - LFTD PARTNERS INC.
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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