8-K
filed June 20, 2025, 7:59 PM ET
ticker ALDS
CIK 0001755101
M&A
confidence high
sentiment positive
materiality 0.85
APPlife Digital Solutions Inc (ALDS): M&A transaction — Applife Digital Solutions completes acquisition of Sugar Auto Parts; new CEO and CFO appointed
APPlife Digital Solutions Inc
- Acquired all equity of Sugar Auto Parts on June 13, 2025 for 240M restricted common shares, Series A/B/C preferred, and $300k cash from Sugar ($150k at close, $150k within 95 days).
- Matthew Reid resigned as CEO, CFO, Secretary (remains director); Michael Hill appointed CEO & Chairman; Barrett Evans appointed CFO & director.
- Sugar operates SugarAutoParts.com (6M products, 400 sellers) and LiftKits4Less.com (115k products).
- Company amended articles to designate Series A, B, C, D preferred stock on May 29, 2025.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Hill was appointed as Chief Executive Officer and Chairman of the Board at APPlife Digital Solutions Inc.
- Action
- elected and appointed
- Role
- Chief Executive Officer and Chairman of the Board
Exact text from the filing
That same day Michael Hill was elected and appointed as Chief Executive Officer and as the Chairman of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew Reid resigned as Chief Executive Officer, Chief Financial Officer, Secretary at APPlife Digital Solutions Inc.
- Action
- resigned
- Role
- Chief Executive Officer, Chief Financial Officer, Secretary
Exact text from the filing
On June 13, 2025, Matthew Reid submitted to the Board of Directors (the “Board”) his resignation as Chief Executive Officer, Chief Financial Officer, Secretary and any other offices held of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Barrett Evans was appointed as Chief Financial Officer and Director at APPlife Digital Solutions Inc.
- Action
- elected and appointed
- Role
- Chief Financial Officer and Director
Exact text from the filing
On June 13, 2025, the Board of the Company elected and appointed Barrett Evans as Director and Chief Financial Officer.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
APPlife Digital Solutions Inc: Amended Articles of Incorporation and filed certificates of designation creating Series A, Series B, Series C and Series D Preferred Stock (effective 2025-05-29).
- Change
- charter amendment
- Effective
- 2025-05-29
Exact text from the filing
On May 29, 2025, in conjunction with the closing of the Agreement as described above and as previously disclosed in the Information Statement on Schedule 14C filed with the Securities and Exchange Commission on April 28, 2025, the Company amended its Articles of Incorporation and filed certificates of designation, designating the rights and preferences of the newly created Series A, Series B, Series C and Series D Preferred Stock.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
APPlife Digital Solutions Inc completed an acquisition involving Sugar Auto Parts, Inc. for 240,000,000 shares of restricted common stock of the Company (closed 2025-06-13).
- Action
- acquisition
- Counterparty
- Sugar Auto Parts, Inc.
- Consideration
- 240,000,000 shares of restricted common stock of the Company
- Closing
- 2025-06-13
Exact text from the filing
into with Sugar Auto Parts, Inc., a Nevada corporation (“Sugar”) on April 25, 2025. Pursuant to the Agreement, Company acquired all the equity interests in Sugar in exchange for 240,000,000 shares of restricted common stock of the Company. Additionally, the Company issued 15,000 shares of a newly designated class of Series A preferred stock, 4,500 shares of a newly
View on SEC.gov
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