M&A - One World Products, Inc.

Form Type: 8-K

Filing Date: 2025-06-10

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225014491

Filing Summary: On June 4, 2025, One World Products, Inc. entered into a Letter of Intent (the 'Eco Bio LOI') to acquire substantially all of the assets of Eco Bio Plastics Midland, Inc. for $600,000 in cash. The agreement is non-binding but includes a target to negotiate and execute a definitive agreement by June 15, 2025, with a closing date targeted for June 30, 2025. Eco Bio will provide a 60-day period of exclusivity in exchange for a $100,000 refundable deposit from the Company, which will either apply to the purchase price or be refunded if the acquisition does not proceed. The deposit is personally guaranteed by Fukuji Saotome. Full details are in Exhibit 10.1 included in the filing.