secwatch.observer — SEC 8-K summary
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Issuer:     Comstock Inc. (LODE)
CIK:        0001120970
Form:       8-K
Filed at:   2021-09-09T23:59:59+00:00
Accession:  0001120970-21-000087
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock acquires PSI for 8.5M shares, targets $346M annual revenue by 2026
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- Acquired 100% of Plain Sight Innovations for 8.5M restricted shares; 28% lock-up release at 180 days, 72% over 8 installments.
- Acquired Flux Photon IP and equipment for up to $18M cash, paid via 20% of future consolidated net cash flow.
- Appointed Kevin Kreisler as President/CFO, David Winsness as CTO, William McCarthy as COO, Rahul Bobbili as Engineering Officer.
- New officers each receive $250K annual salary plus participation in profit sharing and equity plans.
- PSI facility projections: $34.6M rev in 2023, $86.6M in 2024, $173.1M in 2025, $346.3M in 2026 on 330k tons/yr throughput.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120970/000112097021000087/0001120970-21-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120970/000112097021000087/lode-20210903.htm
  HTML page:      https://secwatch.observer/filing/0001120970-21-000087

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