Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Bio Essence Corp entered into Stock Purchase Agreement with Newways, Inc. valued at cash consideration in the amount of Three Hundred Thousand Dollars ($300,000) (effective 2023-12-12).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Newways, Inc.
- Value
- cash consideration in the amount of Three Hundred Thousand Dollars ($300,000)
- Effective
- 2023-12-12
Exact text from the filing
On December 12, 2023, Bio Essence Corp., a California corporation (the “Company”) entered into a Stock Purchase Agreement (“SPA”) with Newways, Inc., a California corporation (“Newways”) whereby the Company agreed to sell to Newways its wholly owned subsidiary, Bio Essence Pharmaceutical, Inc. (“BEP”), in exchange for cash consideration in the amount of Three Hundred Thousand Dollars ($300,000).
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