---
schema_version: "secwatch.filing_event.v1"
accession: "0001096906-23-001562"
form_type: "8-K"
ticker: "ALDS"
cik: "0001755101"
company_name: "APPlife Digital Solutions Inc"
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T14:52:24.420700+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# APPLife Digital Solutions signs binding LOI to acquire LeSalon Beauty for $1.4M in cash and stock

## Summary
- Total purchase price of $1,400,000: $100,000 cash at closing plus $1,300,000 in Rule 144 common stock (13,000,000 shares at $0.10/share).
- Closing anticipated around August 30, 2023; stock issuance within 45 days post-closing.
- Make-up guarantee: if 3-day avg stock price stays below $0.10 over 6 months, issuer will compensate the shortfall in additional shares.
- Assets include customer accounts, platform code, domain, trademarks, social media, trade secrets, and marketing plans.
- Three founders (Jean-Michel Chalayer, Natasha Pilbrow, Nabil Freeman) will provide transition services for 12 months post-acquisition.

## SEC filing metadata
- accession: 0001096906-23-001562
- form_type: 8-K
- ticker: ALDS
- cik: 0001755101
- company_name: APPlife Digital Solutions Inc
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755101/000109690623001562/0001096906-23-001562-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755101/000109690623001562/alds-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001096906-23-001562
- JSON: https://secwatch.observer/filing/0001096906-23-001562.json
- Plain text: https://secwatch.observer/filing/0001096906-23-001562.txt

## Key facts
- Material Agreements
  APPlife Digital Solutions Inc entered into LOI with LeSalon Beauty Ltd. valued at total purchase price of $1,400,000 (effective 2023-08-09).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: LeSalon Beauty Ltd.
  - Value: total purchase price of $1,400,000
  - Effective: 2023-08-09
  source text: On August 9, 2023, APPLife Digital Solutions, Inc. (“we” or the “Company”) entered into a binding LOI (the “LOI”) with LeSalon Beauty Ltd., a company incorporated in England and Wales (“LeSalon”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755101/000109690623001562/0001096906-23-001562-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.