secwatch.observer — SEC 8-K summary
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Issuer:     C-Bond Systems, Inc (—)
CIK:        0001421636
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001213900-23-039057
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

C-Bond Systems sells nanoShield business to Apex Protect GPS for $4M cash
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1421636/000121390023039057/0001213900-23-039057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1421636/000121390023039057/ea178272-8k_cbond.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-039057

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