other_material
confidence high
sentiment neutral
materiality 0.70
CFN Enterprises closes acquisition of J Street Capital Partners and effects 1-for-10 reverse stock split
CFN Enterprises Inc.
- Acquired 100% of J Street Capital Partners, an importer/wholesaler of wine and spirits, on July 1, 2025; issued 1.5M shares to seller.
- Effected a 1-for-10 reverse stock split effective July 11, 2025, to meet Nasdaq minimum bid price for potential uplisting.
- Authorized shares remain 500M; par value $0.001; new CUSIP 12529C 308; stock continues trading on OTCQB under CNFN.
- Board resolved reverse split on May 10, 2025, following stockholder approval in July 2024.
item 2.01item 3.02item 1.01item 5.03item 9.01