secwatch.observer — SEC 8-K summary
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Issuer:     Accredited Solutions, Inc. (ASII)
CIK:        0001464865
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001477932-23-004320
Event type: m_and_a
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 5.01, 2.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accredited Solutions rescinds Petro X merger; Alessi gains control; Brito new CEO
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464865/000147793223004320/0001477932-23-004320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464865/000147793223004320/accredited_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-004320

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