---
schema_version: "secwatch.filing_event.v1"
accession: "0001096906-25-000927"
form_type: "8-K"
ticker: "CNFN"
cik: "0001352952"
company_name: "CFN Enterprises Inc."
filed_at: "2025-06-04T23:59:59+00:00"
generated_at: "2026-05-19T23:42:56.173915+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CFN Enterprises to acquire J Street Capital Partners, a wine and spirits wholesaler, for up to 8.75M shares

## Summary
- Upfront consideration: 1.5M shares of CFN common stock; earnout up to 7.25M additional shares based on revenue targets.
- Revenue targets: $2M for remainder of 2025, $10M for 2026, aggregate >$30M for maximum earnout.
- J Street distributes to NV, NY, NJ, FL, CA; customer base includes bars, restaurants, casinos, and hotels.
- Seller subject to 12-month lockup and 48-month leak-out; CFN to provide $500k working capital through 2026.
- Closing subject to customary conditions; shares issued under Section 4(a)(2) exemption of Securities Act.

## SEC filing metadata
- accession: 0001096906-25-000927
- form_type: 8-K
- ticker: CNFN
- cik: 0001352952
- company_name: CFN Enterprises Inc.
- filed_at: 2025-06-04T23:59:59+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/1352952/000109690625000927/0001096906-25-000927-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1352952/000109690625000927/cnfn-20250604.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001096906-25-000927
- JSON: https://secwatch.observer/filing/0001096906-25-000927.json
- Plain text: https://secwatch.observer/filing/0001096906-25-000927.txt

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