---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-000044"
form_type: "8-K"
ticker: null
cik: "0001892480"
company_name: "Hempacco Co., Inc."
filed_at: "2024-01-04T23:59:59+00:00"
generated_at: "2026-06-07T04:15:58.819849+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Hempacco acquires remaining 50% of Green Star Labs for $2.5M via promissory note

## Summary
- Acquired remaining 50% of Green Star Labs from majority shareholder Green Globe International for $2.5M.
- Consideration is a 12-month promissory note at 10% interest; prepayment allowed via cash or receivable cancellation.
- Closing occurred on December 31, 2023; Green Star Labs is now wholly owned.
- Note is not convertible into common stock; principal due at maturity in 12 months.

## SEC filing metadata
- accession: 0001477932-24-000044
- form_type: 8-K
- cik: 0001892480
- company_name: Hempacco Co., Inc.
- filed_at: 2024-01-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892480/000147793224000044/0001477932-24-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892480/000147793224000044/hpco_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-000044
- JSON: https://secwatch.observer/filing/0001477932-24-000044.json
- Plain text: https://secwatch.observer/filing/0001477932-24-000044.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892480/000147793224000044/0001477932-24-000044-index.htm
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892480/000147793224000044/0001477932-24-000044-index.htm

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