secwatch / observer
8-K filed March 7, 2023, 6:59 PM ET CIK 0001441082
M&A confidence high sentiment positive materiality 0.75

Healing Co Inc.: M&A transaction — The Healing Company acquires Chopra Global's wellness businesses for up to $5M cash plus 1.4M shares

Healing Co Inc.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Healing Co Inc. completed an acquisition involving Chopra Global, LLC for up to Five Million Dollars ($5,000,000) in cash plus newly issued shares of the Company's common stock (closed 2023-03-03).

Action
acquisition
Counterparty
Chopra Global, LLC
Consideration
up to Five Million Dollars ($5,000,000) in cash plus newly issued shares of the Company's common stock
Closing
2023-03-03
Exact text from the filing
through, Chopra HLCO. The consideration paid and payable by Buyer for the Purchased Assets is an aggregate purchase price (the “Purchase Price”) of up to Five Million Dollars ($5,000,000) in cash plus newly issued shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”). One Million Dollars ($1,000,000) of the cash portion of the
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Healing Co Inc. entered into Asset Purchase Agreement with Chopra Global, LLC valued at up to Five Million Dollars ($5,000,000) in cash plus newly issued shares (effective 2023-03-03).

Action
entry
Agreement
asset purchase
Counterparty
Chopra Global, LLC
Value
up to Five Million Dollars ($5,000,000) in cash plus newly issued shares
Effective
2023-03-03
Exact text from the filing
On March 3, 2023, The Healing Company Inc., a Nevada corporation (the “Company”), and Chopra HLCO LLC, a Delaware limited liability company and indirect wholly owned subsidiary of the Company (“Chopra HLCO” and with the Company, “Buyer”), simultaneously (i) entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Chopra Global, LLC, a Delaware limited liability company (“Seller”), and solely with respect to certain specified indemnification provisions of the Purchase Agreement, Deepak Chopra, the majority member of Seller, to acquire (the “Acquisition”) certain assets of Seller
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Source: SEC EDGAR
accession 0001477932-23-001355
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