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 Green Globe International, Inc. for $2,500,000 (closed 2023-12-31).
- Action
- acquisition
- Counterparty
- Green Globe International, Inc.
- Consideration
- $2,500,000
- Closing
- 2023-12-31
Exact text from the filing
shares of stock of Green Star Labs, Inc., a Delaware corporation (“ Green Star ”), which shares constitute 50% of Green Star’s outstanding stock, for a purchase price of $2,500,000, paid by the issuance of a $2,500,000 promissory note to the Seller (the “ Note ”). As disclosed in the Company’s Current Report on Form 8-K filed on July 28, 2023, the Company
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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 Green Globe International, Inc. valued at $2,500,000 (effective 2023-12-29).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Green Globe International, Inc.
- Value
- $2,500,000
- Effective
- 2023-12-29
Exact text from the filing
On December 29, 2023, Hempacco Co., Inc. (the “ Company ”) entered into a Purchase Agreement (the “ Purchase Agreement ”) with Green Globe International, Inc., a Delaware corporation and the majority shareholder of Hempacco (the “ Seller ”), to acquire (the “ Acquisition ”), 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, for a purchase price of $2,500,000, paid by the issuance of a $2,500,000 promissory note to the Seller (the “ Note ”).
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