secwatch.observer — SEC 8-K summary
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Issuer:     Everything Blockchain, Inc. (EBZT)
CIK:        0001730869
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001477932-23-008104
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Everything Blockchain sells Mercury subsidiary to founder Chris Carter for $216,583
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- Completed sale of wholly owned subsidiary Mercury, Inc. to its founder/CEO Chris Carter on Oct 31, 2023.
- Consideration: 115,000 shares of common stock ($1.19/share) and 60,000 Series C preferred shares ($1.33/share) owned by Carter.
- Total purchase price of $216,583 based on estimated net assets of Mercury.
- Agreement includes provision that any Employee Retention Credit refund received by Mercury must be forwarded to Everything Blockchain.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730869/000147793223008104/0001477932-23-008104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730869/000147793223008104/ebi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-008104

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