Beyond Commerce extends Electric Built acquisition deadline for relocation

Beyond Commerce, Inc.

Electric Built requested extension of SPA termination date beyond October 31, 2022.
Company accepted extension to accommodate Electric Built's relocation of operations.
Deal consideration unchanged: $50,000 in restricted stock for exclusivity and $950,000 in common stock for equity.
New termination date not specified in filing; parties continue negotiations.

item 1.01 item 9.01

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

Beyond Commerce, Inc. amended First Amendment to the SPA with Electric Built Inc. (effective 2022-09-14).

Action: amendment
Agreement: equity purchase
Counterparty: Electric Built Inc.
Effective: 2022-09-14

Exact text from the filing

the Company and Electric Built entered into a First Amendment to the SPA (the “Amendment”), whereby the Termination Date was extended until October 31, 2022 (the “October 2022 Termination Date”).

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

Beyond Commerce, Inc. entered into Stock Purchase Agreement with Electric Built Inc. valued at $950,000 (effective 2022-06-27).

Action: entry
Agreement: equity purchase
Counterparty: Electric Built Inc.
Value: $950,000
Effective: 2022-06-27

Exact text from the filing

the Company and Electric Built entered into a Stock Purchase Agreement (the “SPA”) dated as of June 27, 2022, setting forth the definitive terms and condition for the Transaction, whereby the Company would acquire, for a balance of $950,000 in the form of shares of the Company’s common stock, all equity of Electric Built.

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Beyond Commerce, Inc. filing history →

Source: SEC EDGAR

accession 0001096906-22-002589

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