secwatch.observer — SEC 8-K summary
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Issuer:     Vemanti Group, Inc. (VMNT)
CIK:        0001605057
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001477932-23-002832
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605057/000147793223002832/0001477932-23-002832-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605057/000147793223002832/vemanti_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-002832

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