---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-039924"
form_type: "8-K"
ticker: "VREOF"
cik: "0001771706"
company_name: "Vireo Growth Inc."
filed_at: "2026-04-06T23:59:59+00:00"
generated_at: "2026-05-15T07:24:45.000878+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Vireo closes Eaze acquisition for $47M in stock; CEO awarded performance-based RSUs up to 3.5% diluted

## Summary
- Closed Eaze merger on April 1; issued 90.4M shares at $0.56 per share (base consideration $47.04M).
- Potential earnout up to additional shares based on $76.8M imputed EBITDA with share price floor of $1.05.
- CEO Mazarakis gets base salary increase to $2.25M (conditional on $1B market cap or Jan 2027) and 10M annual shares for 5 years from 2027.
- Board appointed Michael Steiner as director; CEO also receives multi-phase RSUs (up to 2.5% per phase) conditional on shareholder approval.
- NY subsidiary restructured: Ace gets 51% interest; Vireo issues $16M note at 7% to VHI.

## SEC filing metadata
- accession: 0001104659-26-039924
- form_type: 8-K
- ticker: VREOF
- cik: 0001771706
- company_name: Vireo Growth Inc.
- filed_at: 2026-04-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1771706/000110465926039924/0001104659-26-039924-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771706/000110465926039924/tm2611166d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-039924
- JSON: https://secwatch.observer/filing/0001104659-26-039924.json
- Plain text: https://secwatch.observer/filing/0001104659-26-039924.txt

## Source-grounded claims
- claim_id: 0184e1cc882a5e772201bb7cf5b539a304065f63
  claim: Vireo Growth Inc. completed an acquisition involving Eaze Inc. for US$47,040,000 in base consideration (closed 2026-04-01).
  evidence_excerpt: adjustment with respect to certain of the estimated items included in the Estimated Closing Merger Consideration. In general, the Estimated Closing Merger Consideration is US$47,040,000 in base consideration (the “Base Consideration”), adjusted for certain items as described in the definition of Estimated Closing Merger Consideration in the Merger Agreement,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771706/000110465926039924/0001104659-26-039924-index.htm
- claim_id: 7b0f4065457c87a625814ec8bd6f2e2c748a46d0
  claim: Vireo Growth Inc. amended First Amendment with Eaze Inc. (effective 2026-04-01).
  evidence_excerpt: On April 1, 2026, Vireo Growth Inc. (“Vireo” or the “Company”) entered that certain Amendment to Agreement and Plan of Merger (the “First Amendment”) by and among the Company, Simple Merger Sub Inc., a wholly owned subsidiary of the Company (“Merger Sub”), and Eaze Inc. (“Eaze”), which amended the Agreement and Plan of Merger, dated December 22, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771706/000110465926039924/0001104659-26-039924-index.htm

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