---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-005599"
form_type: "8-K"
ticker: null
cik: "0001892480"
company_name: "Hempacco Co., Inc."
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T23:19:56.359882+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hempacco acquires 50% of Green Star Labs for $3.5M (cash + convertible note)

## Summary
- Total consideration $3.5M: $300K cash + $3.2M convertible promissory note to seller Viva Veritas LLC.
- Note matures in 12 months, bears 10% interest, convertible after 6 months at 95.238% of 3-day avg closing bid.
- Conversion capped at 4.99% beneficial ownership and max 5,572,000 shares issuable.
- Acquisition includes 50% of Green Star Labs stock plus bottling and gummy line inventory and equipment.
- Transaction closed on July 24, 2023; Purchase Agreement dated July 10, 2023.

## SEC filing metadata
- accession: 0001477932-23-005599
- form_type: 8-K
- cik: 0001892480
- company_name: Hempacco Co., Inc.
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892480/000147793223005599/0001477932-23-005599-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892480/000147793223005599/hpco_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-005599
- JSON: https://secwatch.observer/filing/0001477932-23-005599.json
- Plain text: https://secwatch.observer/filing/0001477932-23-005599.txt

## Key facts
- M&A Transactions
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892480/000147793223005599/0001477932-23-005599-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892480/000147793223005599/0001477932-23-005599-index.htm

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