--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-039057" form_type: "8-K" ticker: null cik: "0001421636" company_name: "C-Bond Systems, Inc" filed_at: "2023-05-12T23:59:59+00:00" generated_at: "2026-06-15T02:21:16.100479+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # C-Bond Systems sells nanoShield business to Apex Protect GPS for $4M cash ## Summary - Sold nanoShield assets (patents, trademark, equipment) for $4M cash to Apex Protect GPS on May 8, 2023. - Retained perpetual non-exclusive license for all uses except automotive/transportation. - Part of $4M used to release lender security interests; UCC search confirm releases in 3 days. - Buyer to engage three former C-Bond employees: Howard Pinoos, Godred Etse, Erik Koep. ## SEC filing metadata - accession: 0001213900-23-039057 - form_type: 8-K - cik: 0001421636 - company_name: C-Bond Systems, Inc - filed_at: 2023-05-12T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 2.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1421636/000121390023039057/0001213900-23-039057-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1421636/000121390023039057/ea178272-8k_cbond.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-039057 - JSON: https://secwatch.observer/filing/0001213900-23-039057.json - Plain text: https://secwatch.observer/filing/0001213900-23-039057.txt ## Key facts - M&A Transactions C-Bond Systems, Inc completed a disposition involving Apex Protect GPS, LLC for $4,000,000 in cash (closed 2023-05-08). - Action: disposition - Counterparty: Apex Protect GPS, LLC - Consideration: $4,000,000 in cash - Closing: 2023-05-08 source text: in process, furniture, fixtures, equipment, inventory and other physical assets of the Company’s C-Bond nanoShield division (the “Assets”) to the Buyer for a purchase price of $4,000,000 in cash (the “Transaction”). The Transaction closed on May 8, 2023. The Assets were sold and transferred to buyer by means of (i) with respect to the physical assets, a Bill of evidence_url: https://www.sec.gov/Archives/edgar/data/1421636/000121390023039057/0001213900-23-039057-index.htm - Material Agreements C-Bond Systems, Inc entered into Asset Purchase Agreement with Apex Protect GPS, LLC valued at $4,000,000 in cash (effective 2023-05-08). - Action: entry - Agreement: asset purchase - Counterparty: Apex Protect GPS, LLC - Value: $4,000,000 in cash - Effective: 2023-05-08 source text: On May 8, 2023, C-Bond Systems, Inc. (the “Company”) entered into an Asset Purchase Agreement (the “APA”) with Apex Protect GPS, LLC (the “Buyer”), a Texas limited liability company, whereby the Company agreed to sell its C-Bond nanoShieldTM business, including intangible assets, intellectual property, work in process, furniture, fixtures, equipment, inventory and other physical assets of the Company’s C-Bond nanoShield division (the “Assets”) to the Buyer for a purchase price of $4,000,000 in cash (the “Transaction”). evidence_url: https://www.sec.gov/Archives/edgar/data/1421636/000121390023039057/0001213900-23-039057-index.htm - Material Agreements C-Bond Systems, Inc entered into Patent and Know-How License Agreement with Apex Protect GPS, LLC valued at non-transferable, non-sub-licensable, exclusive right and license to four patents and licensed know- (effective 2023-05-08). - Action: entry - Agreement: license - Counterparty: Apex Protect GPS, LLC - Value: non-transferable, non-sub-licensable, exclusive right and license to four patents and licensed know- - Effective: 2023-05-08 source text: The Parties also entered into a Patent and Know-How License Agreement whereby the Company granted to the Buyer a non-transferable, non-sub-licensable, exclusive right and license to four patents owned by the Company and licensed know-how to make, have made, use, offer to sell, sell and import glass and other products and components used in or in relation to the manufacture and operation of civilian, agricultural or military vehicles and equipment (the “Licensed Product”) in the United States and its legal territories. evidence_url: https://www.sec.gov/Archives/edgar/data/1421636/000121390023039057/0001213900-23-039057-index.htm - Material Agreements C-Bond Systems, Inc entered into Patent License-Back Agreement with Apex Protect GPS, LLC valued at perpetual, non-exclusive, worldwide, royalty-free, non-transferable, non-sublicensable license to th (effective 2023-05-08). - Action: entry - Agreement: license - Counterparty: Apex Protect GPS, LLC - Value: perpetual, non-exclusive, worldwide, royalty-free, non-transferable, non-sublicensable license to th - Effective: 2023-05-08 source text: Lastly, the Parties entered into a Patent License-Back Agreement whereby the Buyer agreed to grant to the Company a perpetual, non-exclusive, worldwide, royalty-free, non-transferable, non-sublicensable license to the C-Bond nanoShield Patent, for all uses and applications except for any that involve, market to, sell to, do business with, provide related goods or services to, or are consumed by any uses and applications of the patented technology within the civilian or military automotive, vehicle and/or transportation industry. evidence_url: https://www.sec.gov/Archives/edgar/data/1421636/000121390023039057/0001213900-23-039057-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.