M&A - Solo Brands, Inc.

Form Type: 8-K

Filing Date: 2025-06-18

Corporate Action: Acquisition

Type: New

Accession Number: 000187060025000076

Filing Summary: On June 12, 2025, Solo Brands, LLC, an indirect subsidiary of Solo Brands, Inc., entered into an Equity Purchase Agreement to sell 100% of the equity interests in the subsidiaries operating the TerraFlame business. The buyers are the same individuals who sold the equity interests to the Seller in May 2023. The Seller retains ownership of the trademarks and related intellectual property of TerraFlame products. A subsequent supply agreement allows the Buyers to produce and sell TerraFlame branded products to the Seller. The transaction involved settling a payment of contingent consideration of $2.5 million. The disposition is deemed significant per SEC rules as its fair value exceeds the investment test threshold, although the Company does not consider it material.