secwatch.observer — SEC 8-K summary
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Issuer:     VERDE BIO HOLDINGS, INC. (APHD)
CIK:        0001490054
Form:       8-K
Filed at:   2022-02-16T23:59:59+00:00
Accession:  0001096906-22-000351
Event type: m_and_a
Sentiment:  positive
Materiality: 0.55
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verde Bio acquires Permian Basin mineral interests for $325k; adds $5.5k monthly revenue
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- Acquired mineral/royalty interests in Howard County, TX, operated by Ovintiv (f/k/a Encana).
- Purchase price of $325,000 in cash; closed on February 9, 2022 with effective date Dec 1, 2021.
- Interests currently produce ~$5,500 per month; Verde entitled to cash flow from Jan 1, 2022.
- CEO says deal highlights business plan of building diversified revenue-producing portfolio.
- Ovintiv has three rigs running in the area; focuses on Spraberry and Wolfcamp formations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490054/000109690622000351/0001096906-22-000351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490054/000109690622000351/vbhi-20220209.htm
  HTML page:      https://secwatch.observer/filing/0001096906-22-000351

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