secwatch.observer — SEC 8-K summary
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Issuer:     Veritas Farms, Inc. (—)
CIK:        0001669400
Form:       8-K
Filed at:   2023-09-01T23:59:59+00:00
Accession:  0001213900-23-072876
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 5.02, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veritas Farms acquires Asystem supplement brand; issues 103.6M shares; appoints new leadership
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- Acquired substantially all assets of Asystem Inc. for 103,570,600 shares of common stock and assumption of $250K notes payable at 10% due April 2024.
- Henry Simonds (Asystem President) appointed to board; receives $4,167/mo consulting fee and 4,233,485 restricted shares vesting over 1 year.
- Marisa Cifre appointed CRO, Thomas Krogh appointed COO; each receives $120K salary and 500K restricted shares vesting over 3 years.
- Oliver Walsh (Asystem founder) received 11,950,454 restricted shares under consulting agreement vesting over 1 year.
- Majority stockholder (Cornelis F. Wit trust) approved re-election of incumbent directors by written consent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1669400/000121390023072876/0001213900-23-072876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1669400/000121390023072876/ea184527-8k_veritasfarms.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-072876

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