secwatch.observer — SEC 8-K summary
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Issuer:     Starco Brands, Inc. (STCB)
CIK:        0001539850
Form:       8-K
Filed at:   2022-09-15T23:59:59+00:00
Accession:  0001437749-22-022505
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539850/000143774922022505/0001437749-22-022505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539850/000143774922022505/stcb20220722_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-022505

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer