DIGITAL UTILITIES VENTURES,INC.: M&A transaction — Digital Utilities Ventures acquires 51% of Feed Earth Now in stock deal, restructures $337k debt

DIGITAL UTILITIES VENTURES,INC.

Acquired 51% majority interest in Feed Earth Now, LLC for 100M common shares and 140M Class C Preferred (1:1 convertible, 10:1 voting).
Restructured $337k debt into a 5% promissory note with 6-month maturity and $5k monthly payments.
Ongoing royalty of 20% of Easy FEN equipment sales; half applied to note principal/interest until repaid.
Transaction effective March 31, 2024; consummated May 14, 2024.

item 2.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

DIGITAL UTILITIES VENTURES,INC. completed an acquisition involving Feed Earth Now, LLC (closed 2024-05-14).

Action: acquisition
Counterparty: Feed Earth Now, LLC
Closing: 2024-05-14

Exact text from the filing

On May14, 2024 Digital Utilities Ventures, Inc., a Delaware Corporation (the “Company”), consummated a Common Stock Purchase Agreement (“Agreement”), made effective March 31, 2024, by which it acquired a majority interest (51%) in Feed Earth Now, LLC

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Source: SEC EDGAR

accession 0001017386-24-000153

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