Starco Brands acquires AOS Group (Art of Sport) in all-stock deal; issues 61.4M shares plus up to 10M contingent shares

Starco Brands, Inc.

Starco Brands issued 61.4M restricted shares upfront to AOS stockholders; up to 10M additional shares based on indemnification and sales milestones.
CEO Ross Sklar secures 64.2% voting control via new Voting Agreement with certain stockholders.
Acquisition closed Sept. 12, 2022; AOS co-founded by Kobe Bryant, maker of sports skincare brand.
Non-accredited AOS stockholders receive cash at $0.10/share instead of stock.
Starco plans to expand AOS into OTC, supplements, food, beverage, and apparel categories.

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