Verde Bio transfers Texas real property to CEO Scott Cox to settle $525,000 loan

VERDE BIO HOLDINGS, INC.

Company conveyed two tracts in Jack County, TX (~74 acres) plus improvements, UTVs, and a Ford F-350 to settle a $525,000 loan from CEO Scott Cox.
Loan forgiveness and full release of all liabilities under the loan; transfer via quitclaim deed.
Transaction is a related-party settlement: Scott Cox is both the lender and the company's CEO.
Agreement dated December 19, 2023; property includes real estate, buildings, and personal property.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

VERDE BIO HOLDINGS, INC. entered into Settlement Agreement with Scott Cox valued at Forgiveness and cancellation of a $525,000 loan in exchange for conveyance of real property (effective 2023-12-19).

Action: entry
Agreement: settlement
Counterparty: Scott Cox
Value: Forgiveness and cancellation of a $525,000 loan in exchange for conveyance of real property
Effective: 2023-12-19

Exact text from the filing

Verde Bio Holdings, Inc. (the “Company”) entered into an Agreement with (“Settlement Agreement”) with Scott Cox (“Cox”) whereby the Company agreed to convey, transfer and assign certain real property owned by the Company and located in Jackson County, Texas (the “Property”) to Cox in exchange for the forgiveness and cancellation of a loan extended by Cox to the Company in the amount of $525,000 (“Loan”).

View on SEC.gov

85 material agreements filed in the last 30 days. Browse all material agreements →

VERDE BIO HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001096906-23-002416

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.