secwatch.observer — SEC 8-K summary
======================================

Issuer:     U.S. Lighting Group, Inc. (—)
CIK:        0001536394
Form:       8-K/A
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001213900-22-068516
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01, 1.01, 2.01
LLM model:  deepseek-v4-flash:cloud@v2

U.S. Lighting Group acquires Mig Marine for $6.2M note; Mig Marine had $0 revenue, $210K loss in 2021
--------------------------------------------------------------------------------

- Acquired 100% of Mig Marine from related party Paul Spivak for a $6,195,000 promissory note plus $683,333 deposit.
- Mig Marine's audited 2021 financials: zero revenue, net loss of $209,952, and accumulated deficit of $284,722.
- Auditor expressed substantial doubt about Mig Marine's ability to continue as a going concern.
- Mig Marine had $1,050,658 in related-party loans and $150,000 accrued officer compensation as of Dec 31, 2021.
- Promissory note bears 6.25% interest, amortized over 5 years; all related-party payables to Spivak forgiven upon closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1536394/000121390022068516/0001213900-22-068516-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1536394/000121390022068516/ea167875-8ka1_uslighting.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-068516

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer