secwatch.observer — SEC 8-K summary
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Issuer:     SOLAR INTEGRATED ROOFING CORP. (—)
CIK:        0001756704
Form:       8-K
Filed at:   2023-03-17T23:59:59+00:00
Accession:  0001096906-23-000569
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Solar Integrated Roofing acquires remaining 40% of Pacific Lighting for $600k; authorizes 1.5B shares
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- Bought remaining 40% interest in Pacific Lighting Mgt for $600,000 in three $200k installments due March 15, April 15, May 15, 2023.
- Payments first apply to settling $288,774 in prior seller loans; balance toward share buyout.
- If any payment is 3+ business days late, sellers may reacquire 100% of subsidiary (excluding its liabilities).
- Authorized common stock increased to 1,500,000,000 shares from prior lower amount.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756704/000109690623000569/0001096906-23-000569-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756704/000109690623000569/sirc-20230314.htm
  HTML page:      https://secwatch.observer/filing/0001096906-23-000569

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