secwatch.observer — SEC 8-K summary
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Issuer:     Vireo Growth Inc. (VREOF)
CIK:        0001771706
Form:       8-K
Filed at:   2026-04-06T23:59:59+00:00
Accession:  0001104659-26-039924
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 3.02, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771706/000110465926039924/0001104659-26-039924-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771706/000110465926039924/tm2611166d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-039924

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