Sow Good raises $6M via preferred placement, sells assets for $1.5M, appoints new CEO

Sow Good Inc.

Issued 1.5M Series AA preferred shares at $2 each ($3M) in first closing; second closing of Series AAA expected by March 31, 2026.
Sold freeze-dried snack assets to related party Trea Grove for $1.5M payable through March 2026; entered exclusive distribution agreement.
Ira Goldfarb resigned as Executive Chairman; David Lazar appointed CEO and Chair; Claudia Goldfarb stepped down as CEO.
Directors Joe Mueller and Chris Ludeman resigned; David Lazar and David Natan elected to the board.
Settlement agreements with Executive Chairman Ira Goldfarb ($1.25M cash upon stockholder meeting) and directors Mueller and Ludeman.

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