secwatch.observer — SEC 8-K summary
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Issuer:     First Foods Group, Inc. (—)
CIK:        0001648903
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001213900-24-012142
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Foods Group sells Holy Cacao assets for $100K; pivots to healthcare, plans name change
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- Subsidiary Holy Cacao sold raw materials, lease interest, equipment to NUTRIPK LLC for $100,000 cash.
- Buyer pays 5% sales commission on all GNC-related business for 5 years if relationship starts within 2 years.
- Sale excludes patents, recipes, formulas, and finished goods; company retains proprietary IP.
- Company pivoting to healthcare field; plans corporate name change and new stock symbol.
- Lease assignment required; security deposit of $24,059.61 to be returned to Seller or reimbursed by Operator.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1648903/000121390024012142/0001213900-24-012142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1648903/000121390024012142/ea193323-8k_firstfoods.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-012142

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