---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-007140"
form_type: "8-K"
ticker: "VMNT"
cik: "0001605057"
company_name: "Vemanti Group, Inc."
filed_at: "2023-09-28T23:59:59+00:00"
generated_at: "2026-06-10T07:38:06.090038+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Vemanti terminates DevBlock acquisition after failure to close by July 31 deadline

## Summary
- Stock Purchase Agreement to acquire DevBlock Technologies terminated effective September 26, 2023.
- Termination sent because closing conditions remained unsatisfied past the July 31, 2023 unilateral termination date.
- No termination fees or penalties incurred by Vemanti; deal with sellers Benjamin Liu and James Sun abandoned.

## SEC filing metadata
- accession: 0001477932-23-007140
- form_type: 8-K
- ticker: VMNT
- cik: 0001605057
- company_name: Vemanti Group, Inc.
- filed_at: 2023-09-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1605057/000147793223007140/0001477932-23-007140-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1605057/000147793223007140/vmnt_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-007140
- JSON: https://secwatch.observer/filing/0001477932-23-007140.json
- Plain text: https://secwatch.observer/filing/0001477932-23-007140.txt

## Key facts
- Material Agreements
  Vemanti Group, Inc. terminated Stock Purchase Agreement with Benjamin Liu and James Sun valued at The Stock Purchase Agreement was terminated effective September 26, 2023. No termination fees or pen (effective 2023-09-26).
  - Action: termination
  - Agreement: equity purchase
  - Counterparty: Benjamin Liu and James Sun
  - Value: The Stock Purchase Agreement was terminated effective September 26, 2023. No termination fees or pen
  - Effective: 2023-09-26
  source text: On September 25, 2023, Vemanti sent a formal notice of termination to the Sellers pursuant to which the Stock Purchase Agreement (and the transactions contemplated thereunder) was terminated effective as of September 26, 2023 (the " Termination Notice ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1605057/000147793223007140/0001477932-23-007140-index.htm

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