M&A - Sugarfina Corp

Form Type: 1-U

Filing Date: 2025-03-05

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925020744

Filing Summary: On February 28, 2025, Sugarfina Corporation entered into an asset purchase agreement through its wholly owned subsidiary, Candy Club Corporation, to acquire the assets of Candy Club, LLC and related entities in a public sale. This acquisition is considered a strategic move to enhance Sugarfina's market presence, diversify its product offerings, and create operational and financial synergies. The total consideration for the acquisition amounts to $850,000, with an initial deposit of $100,000 and the remaining balance due at closing, subject to post-closing adjustments. The full asset purchase agreement is filed as exhibit 99.1.

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