{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-030435","form_type":"8-K","ticker":"BIOE","cik":"0001723059","company_name":"Bio Essence Corp","filed_at":"2024-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.744395+00:00","generated_at":"2026-06-04T02:22:04.772934+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Bio Essence Corp. sells subsidiary Bio Essence Herbal Essentials to Health Up Inc. for $400k","bullets":["Sold wholly-owned subsidiary Bio Essence Herbal Essentials Inc. (BEP) to Health Up Inc. for $400,000 cash.","Stock Purchase Agreement executed March 28, 2024; transaction closed April 1, 2024.","Board of Directors approved sale via unanimous consent resolution on March 28, 2024.","No material relationship exists between the Company and buyer Health Up Inc."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-030435","json":"https://secwatch.observer/filing/0001213900-24-030435.json","markdown":"https://secwatch.observer/filing/0001213900-24-030435.md","text":"https://secwatch.observer/filing/0001213900-24-030435.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1723059/000121390024030435/0001213900-24-030435-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1723059/000121390024030435/ea0203327-8k_bio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T02:22:04.772934+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3d907b0606d766cc79394bc8bc3e2dcaa4ed9dff","claim":"Bio Essence Corp entered into Stock Purchase Agreement with Health Up, Inc. valued at Four Hundred Thousand Dollars ($400,000) (effective 2024-03-28).","evidence_excerpt":"On March 28, 2024, Bio Essence Corp., a California corporation (“Company”) entered into a Stock Purchase Agreement (“SPA”) with Health Up, Inc., a California corporation (“HUI”) whereby the Company agreed to sell to HUI its wholly owned subsidiary, Bio Essence Herbal Essentials, Inc. d/b/a Bio Essence Health Science, a California corporation (“BEP”), in exchange for cash consideration in the amount of Four Hundred Thousand Dollars ($400,000).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1723059/000121390024030435/0001213900-24-030435-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Health Up, Inc."},{"label":"Value","value":"Four Hundred Thousand Dollars ($400,000)"},{"label":"Effective","value":"2024-03-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}