---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-002832"
form_type: "8-K"
ticker: "VMNT"
cik: "0001605057"
company_name: "Vemanti Group, Inc."
filed_at: "2023-04-24T23:59:59+00:00"
generated_at: "2026-06-16T18:56:05.158845+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "medium"
source: SEC EDGAR
---

# Vemanti Group acquires DevBlock Technologies for 1.35x trailing revenue; four-year earn-out structure

## Summary
- Purchase price equals 1.35x trailing twelve-month gross sales revenue of DevBlock, paid in four installments over three years.
- Sellers Benjamin Liu and James Sun receive 20M stock options each in Vemanti at $0.20/$1.00; enter employment agreements.
- Earn-out payments contingent on EBITDA margin targets (≥2.5% year one); failure for two consecutive quarters triggers loss of independence.
- Closing by June 30, 2023; Vemanti appoints majority of DevBlock board; customary conditions apply.

## SEC filing metadata
- accession: 0001477932-23-002832
- form_type: 8-K
- ticker: VMNT
- cik: 0001605057
- company_name: Vemanti Group, Inc.
- filed_at: 2023-04-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: medium
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1605057/000147793223002832/0001477932-23-002832-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1605057/000147793223002832/vemanti_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-002832
- JSON: https://secwatch.observer/filing/0001477932-23-002832.json
- Plain text: https://secwatch.observer/filing/0001477932-23-002832.txt

## Key facts
- Material Agreements
  Vemanti Group, Inc. entered into Stock Purchase Agreement with Benjamin Liu and James Sun (effective 2023-04-18).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Benjamin Liu and James Sun
  - Effective: 2023-04-18
  source text: On April 18, 2023, Vemanti Group, Inc., a Nevada corporation (“Vemanti”), entered into a stock purchase agreement (the “Stock Purchase Agreement”) with Benjamin Liu and James Sun (the “Sellers”), as the sole shareholders of DevBlock Technologies, Inc., a Delaware corporation (the “Corporation”), whereby, on the terms and subject to the conditions stated therein, Vemanti will acquire the Corporation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1605057/000147793223002832/0001477932-23-002832-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.