secwatch / observer
8-K filed January 18, 2023, 6:59 PM ET CIK 0001527102
M&A confidence high sentiment positive materiality 0.80

Evergreen Sustainable Enterprises, Inc.: M&A transaction — Generation Hemp acquires 80% of Costa Rica hydro dam for BTC mining; buys 240 Bitmain miners

Evergreen Sustainable Enterprises, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Evergreen Sustainable Enterprises, Inc. incurred loan of $1,469,000 with Gary C. Evans at 10.00% per annum maturing July 15, 2023.

Instrument
loan
Principal
$1,469,000
Counterparty
Gary C. Evans
Rate
10.00% per annum
Maturity
July 15, 2023
Event
incurrence
Exact text from the filing
Under the terms of the Secured Note, (a) the Company and Evans restructured (i) the Subordinated Promissory Note, dated November 20, 2020, as amended, supplemented, or modified, the “Subordinated Note” and (ii) Convertible Promissory Note, dated July 20, 2021, as amended, supplemented, or modified, the “Convertible Note”, such that all accrued and unpaid interest on each of the Subordinated Note and the Convertible Note were rolled into the Secured Note, (b) Evans lent the Company $500,000 on January 9, 2023 and $969,000 on January 10, 2023. This $1,469,000 in aggregate new proceeds was used to fund the Company’s purchase of the Purchased Securities. The Secured Note has a maturity date of July 15, 2023 and will bear interest at the rate of 10.00% per annum.
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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Evergreen Sustainable Enterprises, Inc. completed an acquisition involving CryptoRica, LLC (the "Purchaser") and Central America Green Inc ("Seller") for US$1,412,000.00 for 80% of the issued and outstanding beneficial equity ownership of Toro Energía Sociedad Anonima (closed 2023-01-12).

Action
acquisition
Counterparty
CryptoRica, LLC (the "Purchaser") and Central America Green Inc ("Seller")
Consideration
US$1,412,000.00 for 80% of the issued and outstanding beneficial equity ownership of Toro Energía Sociedad Anonima
Closing
2023-01-12
Exact text from the filing
entered in a Purchase and Sale Agreement (the “Agreement”) with Central America Green Inc (“Seller”)., a Belize City International Business Company, for the purchase of 80% of the issued and outstanding beneficial equity ownership (the “Purchased Equity”) of Toro Energía Sociedad Anonima, a Costa Rican corporation (the “Company”). The Purchaser
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Evergreen Sustainable Enterprises, Inc. entered into Loan Agreement with Poas valued at US$985,000.00 (effective 2023-01-11).

Action
entry
Agreement
credit facility
Counterparty
Poas
Value
US$985,000.00
Effective
2023-01-11
Exact text from the filing
The New Loan is documented pursuant to that certain Loan Agreement between the Company and Poas, dated January 11, 2023 (the “Loan Agreement”).
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Evergreen Sustainable Enterprises, Inc. entered into Agreement with Central America Green Inc valued at US$1,412,000.00 (effective 2023-01-09).

Action
entry
Agreement
asset purchase
Counterparty
Central America Green Inc
Value
US$1,412,000.00
Effective
2023-01-09
Exact text from the filing
On January 9, 2023, CryptoRica, LLC (the “Purchaser”) a Delaware Limited Liability Company and wholly-owned subsidiary of Generation Hemp, Inc. (the “Parent”), entered in a Purchase and Sale Agreement (the “Agreement”) with Central America Green Inc (“Seller”)., a Belize City International Business Company, for the purchase of 80% of the issued and outstanding beneficial equity ownership (the “Purchased Equity”) of Toro Energía Sociedad Anonima, a Costa Rican corporation (the “Company”).
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Source: SEC EDGAR
accession 0001213900-23-003476
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