secwatch.observer — SEC 8-K summary
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Issuer:     CFN Enterprises Inc. (CNFN)
CIK:        0001352952
Form:       8-K
Filed at:   2021-11-22T23:59:59+00:00
Accession:  0001096906-21-002818
Event type: m_and_a
Sentiment:  negative
Materiality: 0.75
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CFN Enterprises acquires CNP Operating for 354M shares; CNP shows going concern issues
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- CFN Enterprises issued 354 million shares to acquire all of CNP Operating, LLC.
- CNP Operating reported net loss of $3.64M (FY2020) and $211K (H1 2021 unaudited).
- Auditor expressed substantial doubt about CNP's ability to continue as a going concern.
- CNP had working capital deficit of $2.73M as of June 30, 2021 and $17.6K cash.
- CNP revenue grew to $6.18M in 2020 from $1.54M in 2019, but operating loss continued.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352952/000109690621002818/0001096906-21-002818-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352952/000109690621002818/cnfn-20211122.htm
  HTML page:      https://secwatch.observer/filing/0001096906-21-002818

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