MBG Holdings, Inc.: M&A transaction — American Metals amends asset purchase with MBGR; consideration reduced to $100 cash

MBG Holdings, Inc.

Original consideration of $1M cash plus 1M Series A Preferred shares waived.
Company will pay MBGR $100 for substantially all assets under amendment dated Nov 16, 2022.
No shares of Series A Preferred Stock were issued in the transaction.
Amendment resolves failure to pay and issue original consideration as per prior agreement.

item 1.01 item 2.01 item 3.02

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

MBG Holdings, Inc. completed an acquisition involving Multiband Global Resources, LLC for $100 (closed 2022-08-31).

Action: acquisition
Counterparty: Multiband Global Resources, LLC
Consideration: $100
Closing: 2022-08-31

Exact text from the filing

to MGBR or its designee the One Million (1,000,000) shares of Series A Preferred Stock of the Company; and (ii) in lieu thereof the Company will pay to MBGR or its designee $100 for the assets of MBGR acquired by the Company. Only the amended disclosure is included below. No other changes have been made to the Initial Form 8-K. e Company will pay to MBGR

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Source: SEC EDGAR

accession 0001214659-22-013898

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