---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-002421"
form_type: "8-K"
ticker: null
cik: "0001683252"
company_name: "TOKEN COMMUNITIES LTD."
filed_at: "2023-01-12T23:59:59+00:00"
generated_at: "2026-06-20T16:03:49.931550+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Token Communities acquires 90% of Elements of Health & Wellness for $225K promissory note

## Summary
- Acquired 90% of Elements via stock purchase agreement dated Jan 10, 2023, for a $225,000 promissory note.
- Note has 5-year term and 3% annual interest; Elements becomes a 90%-owned subsidiary.
- Acquisition expands Token Communities into health and wellness sector.
- Financial statements of Elements to be filed by amendment within 71 days.

## SEC filing metadata
- accession: 0001213900-23-002421
- form_type: 8-K
- cik: 0001683252
- company_name: TOKEN COMMUNITIES LTD.
- filed_at: 2023-01-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1683252/000121390023002421/0001213900-23-002421-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1683252/000121390023002421/ea171546-8k_tokencom.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-002421
- JSON: https://secwatch.observer/filing/0001213900-23-002421.json
- Plain text: https://secwatch.observer/filing/0001213900-23-002421.txt

## Key facts
- M&A Transactions
  TOKEN COMMUNITIES LTD. completed an acquisition involving Elements of Health and Wellness, Inc. for $225,000 (closed 2023-01-10).
  - Action: acquisition
  - Counterparty: Elements of Health and Wellness, Inc.
  - Consideration: $225,000
  - Closing: 2023-01-10
  source text: On January 10, 2023 Token Communities Ltd. (the “Company”) entered into a Stock Purchase Agreement with Elements of Health and Wellness, Inc., a company incorporated in the Florida ("Elements") whereby the Company acquired ninety shares of common stock of Elements (which represents ninety percent of the outstanding shares of common stock of Elements) in exchange for the issuance of a promissory note in the principal amount of Two Hundred Twenty Five Thousand Dollars ($225,000) (the “Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1683252/000121390023002421/0001213900-23-002421-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.