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

Issuer:     Hempacco Co., Inc. (—)
CIK:        0001892480
Form:       8-K
Filed at:   2024-01-04T23:59:59+00:00
Accession:  0001477932-24-000044
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892480/000147793224000044/0001477932-24-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892480/000147793224000044/hpco_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-000044

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