secwatch.observer — SEC 8-K summary
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Issuer:     Genvor Inc (GNVR)
CIK:        0001792941
Form:       8-K
Filed at:   2022-06-09T23:59:59+00:00
Accession:  0001477932-22-004262
Event type: m_and_a
Sentiment:  negative
Materiality: 0.90
Item codes: 2.01, 3.02, 5.01, 5.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allure Worldwide completes reverse acquisition of Genvor; Genvor becomes wholly-owned subsidiary
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- On May 27, 2022, Allure acquired Genvor in a reverse merger; Genvor shareholders received 35,261,871 shares (95% of Allure's outstanding stock).
- Genvor develops plant-based defense technology against Aflatoxins; has CRADA with USDA-ARS for corn seed trait development.
- Genvor has not yet generated revenue; accumulated deficit of $11.8M and net loss of $3.4M in 2021; going concern doubt raised.
- Allure's founding shareholders retain 5% ownership with adjustments to maintain percentage.
- Transaction accounted for as recapitalization; Genvor is the accounting acquirer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792941/000147793222004262/0001477932-22-004262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792941/000147793222004262/allure_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-004262

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