M&A - MANGOCEUTICALS, INC.

Form Type: 8-K

Filing Date: 2025-04-25

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225006122

Filing Summary: On April 24, 2025, Mangoceuticals, Inc. entered into an Intellectual Property Purchase Agreement with Smokeless Technology Corp., acquiring certain intellectual property, contracts, and know-how related to oral pouches for nutritional products. The Company will pay a total of 1,600,000 shares of restricted common stock and a 10% royalty on gross worldwide sales of products developed from the acquired IP. Additionally, the Agreement closed on April 24, 2025, and shares are expected to be issued by April 25, 2025. The Company also entered into a Consulting Agreement with Strategem Solutions Inc. for consulting services, entailing a total of 120,000 shares and a monthly cash payment of $12,500. Furthermore, a First Amendment to the Executive Employment Agreement for CEO Jacob D. Cohen was executed, increasing his compensation and issuing additional shares. A press release was issued on April 25, 2025, announcing the closing of the IP Purchase Agreement.