secwatch.observer — SEC 8-K summary
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Issuer:     Authentic Holdings, Inc. (AHRO)
CIK:        0001338929
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001477932-23-002965
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.01, 3.03, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Authentic Holdings acquires Maybacks Global Entertainment, issues 100K Series C Preferred shares
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- Acquired Maybacks Global Entertainment LLC, an OTA and platform TV network with 25 channels, as wholly-owned subsidiary.
- Purchase price: 100,000 shares of newly created Series C Preferred Stock, convertible into common stock upon milestones.
- Series C conversion triggers: 2-year anniversary (25%), 40 channels (50%), first $250K net ad revenue (2.5%), subsequent $250K increments (2.5% each).
- Maybacks generates revenue through ad placements, revenue share, channel access fees; has agreements with Local Now and others.
- Risk: competes with larger firms like DISH's Sling TV, lacking financial resources.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1338929/000147793223002965/0001477932-23-002965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1338929/000147793223002965/ahro_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-002965

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