Solésence settles dispute with Refy Beauty for £700,000; agrees to six-month exclusivity for SPF product development

SOLESENCE, INC.

Solésence to pay Refy £700,000 (~$938,000) in 12 monthly installments starting Aug 5, 2026.
Settlement resolves disputes over consumer care products supplied under a June 2024 contract manufacturing agreement.
Parties agree to six-month exclusivity period for development of a new SPF product; if new supply agreement signed, last six installments credited.
No admission of liability; each party bears own legal costs.
Agreement includes mutual release of claims and confidentiality provisions.

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