---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-004320"
form_type: "8-K"
ticker: "ASII"
cik: "0001464865"
company_name: "Accredited Solutions, Inc."
filed_at: "2023-06-07T23:59:59+00:00"
generated_at: "2026-06-14T05:44:22.817517+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Accredited Solutions rescinds Petro X merger; Alessi gains control; Brito new CEO

## Summary
- Rescission of Merger Agreement with Petro X effective June 1, 2023; all ASII shares issued cancelled, PXS shares returned.
- William Alessi acquires all Series A Preferred Stock for $10 each, obtaining 66.67% voting control of the company.
- Eduardo Brito appointed Director, President, CEO, and Secretary; Douglas Martin, Fabian Deneault, William Sluss, Eric Newlan resigned.
- Company assigns Spire Motorsports sponsorship agreement to PXS; PXS assumes ~$200,000 remaining obligation.
- Post-rescission, only business is Diamond Creek Group (high alkaline water).

## SEC filing metadata
- accession: 0001477932-23-004320
- form_type: 8-K
- ticker: ASII
- cik: 0001464865
- company_name: Accredited Solutions, Inc.
- filed_at: 2023-06-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.01, 2.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464865/000147793223004320/0001477932-23-004320-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464865/000147793223004320/accredited_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-004320
- JSON: https://secwatch.observer/filing/0001477932-23-004320.json
- Plain text: https://secwatch.observer/filing/0001477932-23-004320.txt

## Key facts
- Executive change
  Fabian G. Deneault resigned as Director at Accredited Solutions, Inc..
  - Action: resigned
  - Role: Director
  source text: Fabian G. Deneault (“Deneault”), William E. Sluss (“Sluss”) and Eric Newlan (“Newlan”) resigned as members of the Board of Directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464865/000147793223004320/0001477932-23-004320-index.htm
- Executive change
  Eduardo A. Brito was appointed as Director at Accredited Solutions, Inc..
  - Action: appointed
  - Role: Director
  source text: Eduardo A. Brito was appointed as a Director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464865/000147793223004320/0001477932-23-004320-index.htm
- Executive change
  Eduardo A. Brito was appointed as President, Chief Executive Officer and Secretary at Accredited Solutions, Inc..
  - Action: appointed
  - Role: President, Chief Executive Officer and Secretary
  source text: Mr. Brito was appointed as President, Chief Executive Officer and Secretary of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464865/000147793223004320/0001477932-23-004320-index.htm
- Executive change
  William E. Sluss resigned as Director at Accredited Solutions, Inc..
  - Action: resigned
  - Role: Director
  source text: Fabian G. Deneault (“Deneault”), William E. Sluss (“Sluss”) and Eric Newlan (“Newlan”) resigned as members of the Board of Directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464865/000147793223004320/0001477932-23-004320-index.htm
- Executive change
  Eric Newlan resigned as Director at Accredited Solutions, Inc..
  - Action: resigned
  - Role: Director
  source text: Fabian G. Deneault (“Deneault”), William E. Sluss (“Sluss”) and Eric Newlan (“Newlan”) resigned as members of the Board of Directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464865/000147793223004320/0001477932-23-004320-index.htm
- Executive change
  Douglas V. Martin resigned as Interim Chief Executive Officer at Accredited Solutions, Inc..
  - Action: resigned
  - Role: Interim Chief Executive Officer
  source text: Douglas V. Martin (“Martin”) resigned as the Company’s Interim CEO.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464865/000147793223004320/0001477932-23-004320-index.htm
- M&A Transactions
  Accredited Solutions, Inc. underwent a change of control involving William Alessi for $10 and other good and valuable consideration (closed 2023-06-01).
  - Action: change of control
  - Counterparty: William Alessi
  - Consideration: $10 and other good and valuable consideration
  - Closing: 2023-06-01
  source text: of the Company, as follows: Name of Seller Name of Purchaser Securities Purchased Consideration Fabian G. Deneault William Alessi 5,500 Shares of Series A Preferred Stock $10 and other good and valuable consideration, including the delivery of the Mutual Release. William E. Sluss William Alessi 2,000 Shares of Series A Preferred Stock $10 and other
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464865/000147793223004320/0001477932-23-004320-index.htm
- Material Agreements
  Accredited Solutions, Inc. terminated Plan and Agreement of Merger with Petro X Solutions, Inc. (effective 2023-05-31).
  - Action: termination
  - Agreement: merger
  - Counterparty: Petro X Solutions, Inc.
  - Effective: 2023-05-31
  source text: On May 31, 2023, Accredited Solutions, Inc., a Nevada corporation (the “Company”), and Petro X Solutions, Inc., a Wyoming corporation (“PXS”), entered into a Rescission Agreement and Mutual Release (the “Rescission Agreement”). Pursuant to the Rescission Agreement, the Plan and Agreement of Merger dated as of March 8, 2022, and closed May 11, 2022 (the “Merger Agreement”), between the Company and PXS was rescinded.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464865/000147793223004320/0001477932-23-004320-index.htm

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