Okmin Resources merges with BevPoint Capital (American Icon Brewery) for 220M shares

OKMIN RESOURCES, INC.

BevPoint holders receive 220M shares of Okmin common (~55.6% of post-closing shares).
Earnout: up to 300M additional shares tied to $10M/$20M revenue and $1M/$2M EBITDA milestones.
Chris Sellers becomes CEO; Sellers and John Giarrante appointed to board; Herzog remains non-executive chairman.
Convertible notes: $280K to Sellers and $250K to Herzog at $0.04 conversion per share.
Closing by March 31, 2026, subject to stockholder approval and $730K cash condition.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OKMIN RESOURCES, INC. entered into Agreement and Plan of Merger and Reorganization with BevPoint Capital LP (effective 2026-01-29).

Action: entry
Agreement: merger
Counterparty: BevPoint Capital LP
Effective: 2026-01-29

Exact text from the filing

On January 29, 2026, Okmin Resources, Inc., a Nevada corporation ("Okmin" or the "Company"), entered into an Agreement and Plan of Merger and Reorganization with BPCAP Merger Sub, Inc., a Nevada corporation and wholly-owned subsidiary of Okmin ("Merger Sub"), and BevPoint Capital LP, a Florida limited partnership ("BevPoint").

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299 material agreements filed in the last 30 days. Browse all material agreements →

OKMIN RESOURCES, INC. filing history →

Source: SEC EDGAR

accession 0001079973-26-000165

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