C-Bond Systems, Inc: M&A transaction — C-Bond Systems transfers all assets to Badcer to settle debt; redeems shares for $1

C-Bond Systems, Inc

Transfers all assets (80% Patriot Glass membership, 100% C-Bond LLC, receivables, IP) to Badcer Ops to settle $990K Badders Notes and Mercer Notes.
Redeems 6,550 Badcer Preferred Shares, 28M Wanke common, 19.3M Badders common, 11.5M Badders Trust common for $1 each.
Director Barry Edelstein resigned Dec 31, 2024; board reduces from three to two members.
Scott Silverman and Allison Tomek resign as managers/officers of C-Bond LLC and Patriot Glass.
C-Bond retains website, will continue marketing Patriot products under Representative Agreement.

item 1.01 item 2.01 item 5.02 item 9.01

Executive movements

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Departed

Barry M. Edelstein

Director

C-Bond Systems, Inc

Effective: 2024-12-31
Filed: February 4, 2025, 6:59 PM ET

On December 21, 2024, Barry M. Edelstein, a member of the Company’s Board of Directors (“Board”), notified the Company of his intention to resign from the Board due to changing professional priorities, effective December 31, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Barry M. Edelstein resigned as Director at C-Bond Systems, Inc.

Action: resigned
Role: Director

Exact text from the filing

On December 21, 2024, Barry M. Edelstein, a member of the Company’s Board of Directors (“Board”), notified the Company of his intention to resign from the Board due to changing professional priorities, effective December 31, 2024.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.85

C-Bond Systems, Inc completed a disposition involving Badcer Ops, Inc. for $1.00 (closed 2025-01-30).

Action: disposition
Counterparty: Badcer Ops, Inc.
Consideration: $1.00
Closing: 2025-01-30

Exact text from the filing

of Patriot’s products. In addition, at the Closing, (i) C-Bond redeemed from Badcer the Badcer Preferred Shares (as defined in the Agreement) in exchange for a payment of $1.00 in total, and Badcer assigned all of Badcer’ rights, titles and interest in and to the Badcer Preferred Shares to C-Bond; (ii) C-Bond redeemed from Mr. Wanke the the Wanke Common

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24 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Source: SEC EDGAR

accession 0001213900-25-009699

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