Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Hempacco Co., Inc. completed an acquisition involving Viva Veritas LLC for $3,500,000 (closed 2023-07-24).
- Action
- acquisition
- Counterparty
- Viva Veritas LLC
- Consideration
- $3,500,000
- Closing
- 2023-07-24
Exact text from the filing
which shares constitute 50% of Green Star’s outstanding stock, and (ii) the Seller’s bottling and gummy line inventory and equipment (the “ Assets ”), for total consideration of $3,500,000, with $300,000 paid in cash (which was deemed previously paid by the Company), and $3,200,000 paid by the issuance of a convertible promissory note to the Seller (the “ Note ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Hempacco Co., Inc. entered into Purchase Agreement with Viva Veritas LLC valued at total consideration of $3,500,000 (effective 2023-07-24).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Viva Veritas LLC
- Value
- total consideration of $3,500,000
- Effective
- 2023-07-24
Exact text from the filing
On July 24, 2023, Hempacco Co., Inc. (the “ Company ”) entered into a Purchase Agreement (the “ Purchase Agreement ”) with Viva Veritas LLC, a Nevada limited liability company (the “ Seller ”) to acquire (the “ Acquisition ”) (i) all of the Seller’s shares of stock of Green Star Labs, Inc., a Delaware corporation (“ Green Star ”), which shares constitute 50% of Green Star’s outstanding stock, and (ii) the Seller’s bottling and gummy line inventory and equipment (the “ Assets ”), for total consideration of $3,500,000
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