secwatch.observer — SEC 8-K summary
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Issuer:     VERDE BIO HOLDINGS, INC. (APHD)
CIK:        0001490054
Form:       8-K
Filed at:   2021-12-17T23:59:59+00:00
Accession:  0001096906-21-003016
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verde Bio signs LOI to acquire two biodiesel plants for $7M total; shifts toward renewables
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- LOI to buy Fort Myers, FL plant ($4M, appraised $11.6M) and Wilson, NC plant ($3M, appraised $16.6M).
- Plants each produce 5M gallons/year of biodiesel; Verde plans to boost Wilson capacity to 6M gal/yr.
- Entered $1M preferred financing with GHS Investments; $500K initial draw to fund acquisitions.
- Strategy expands to alternative energy; oil & gas remains core; name/ticker change and uplist considered.
- Acquisitions expected to close in 60-90 days; plants to be revenue-producing shortly after.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490054/000109690621003016/0001096906-21-003016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490054/000109690621003016/vbhi-20211213.htm
  HTML page:      https://secwatch.observer/filing/0001096906-21-003016

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