secwatch.observer — SEC 8-K summary
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Issuer:     APPlife Digital Solutions Inc (ALDS)
CIK:        0001755101
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001096906-23-001562
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755101/000109690623001562/0001096906-23-001562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755101/000109690623001562/alds-20230809.htm
  HTML page:      https://secwatch.observer/filing/0001096906-23-001562

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