secwatch.observer — SEC 8-K summary
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Issuer:     Starco Brands, Inc. (STCB)
CIK:        0001539850
Form:       8-K
Filed at:   2023-01-04T23:59:59+00:00
Accession:  0001437749-23-000215
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starco Brands acquires Skylar Body; issues up to 96.6M shares as consideration
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- Acquired Skylar Body, Inc. via merger; immediate issuance of 65.7M restricted shares of STCB common stock.
- Up to 11.6M additional shares after 18-month indemnification period, plus 19.3M shares contingent on sales metrics.
- Non-accredited investors receive $0.17 per share cash in lieu of stock; deal closed Dec 29, 2022.
- CEO Ross Sklar effectively controls ~77% voting power under new Voting Agreement.
- Stock issuance exempt under Regulation D; registration rights granted after 120-day eligibility period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539850/000143774923000215/0001437749-23-000215-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539850/000143774923000215/stcb20221221_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-000215

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