secwatch.observer — SEC 8-K summary
======================================

Issuer:     Hempacco Co., Inc. (—)
CIK:        0001892480
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001477932-23-005599
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892480/000147793223005599/0001477932-23-005599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892480/000147793223005599/hpco_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-005599

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