Starco Brands unit buys Whipshots/Whipshotz IP from Penguins Fly in revenue-sharing deal

Starco Brands, Inc.

Starco Brands' subsidiary Whipshots LLC acquires trademarks 'Whipshots'/'Whipshotz', domain names, social media from Penguins Fly, LLC.
Purchase price is sliding-scale % of gross revenues from Whipshots/Whipshotz products over 7-year term; minimum payments (redacted).
First minimum payment due at closing; 25% of subsequent payments held back until USPTO allowance of Whipshots trademark.
Seller provides non-compete/non-solicitation covenants; transaction effective August 24, 2021; pricing details filed under confidential treatment.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.