secwatch.observer — SEC 8-K summary
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Issuer:     Authentic Holdings, Inc. (AHRO)
CIK:        0001338929
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001477932-22-002946
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Fiber Tech subsidiary licenses CEO's memorabilia patent; $10K fee, revenue milestones
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- Authentic Heroes gets exclusive license to CEO Serbiak's patent for sports/music memorabilia.
- License fees: $100 within 10 days and $10,000 by Jan 1, 2023.
- Royalty of 1% of revenue after $3M in year 3; additional 1% after $10M in year 5.
- If revenue targets not met, exclusive license converts to non-exclusive.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1338929/000147793222002946/0001477932-22-002946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1338929/000147793222002946/gftx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-002946

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