secwatch.observer — SEC 8-K summary
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Issuer:     OKMIN RESOURCES, INC. (OKMN)
CIK:        0001848334
Form:       8-K
Filed at:   2026-02-04T23:59:59+00:00
Accession:  0001079973-26-000165
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848334/000107997326000165/0001079973-26-000165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848334/000107997326000165/okmin_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-26-000165

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer