Unrivaled Brands, Inc.: M&A transaction — Unrivaled Brands completes reorganization; Blüm becomes new public parent, stock to trade under BLMH

Unrivaled Brands, Inc.

Effective Jan 12, 2024, UNRV merged into subsidiary of Blum Holdings; Blüm is now parent company.
Immediately prior to merger, UNRV completed 1-for-100 reverse stock split.
Blüm common stock trades under temporary symbol UNRVD for 20 business days, then BLMH.
Directors and officers of UNRV remain same as Blüm's; operations continue unchanged.

item 1.02 item 2.01 item 3.03 item 5.01 item 5.02 item 5.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

Unrivaled Brands, Inc. underwent a change of control involving Blum Holdings, Inc. for Each share of UNRV common stock and preferred stock converted on a one-for-one basis into shares of Blum common stock and preferred stock, respectively. (closed 2024-01-12).

Action: change of control
Counterparty: Blum Holdings, Inc.
Consideration: Each share of UNRV common stock and preferred stock converted on a one-for-one basis into shares of Blum common stock and preferred stock, respectively.
Closing: 2024-01-12

Exact text from the filing

On January 12, 2024, Unrivaled Brands, Inc., a Nevada corporation (“ UNRV ”) completed its previously announced reorganization merger pursuant to an Agreement and Plan of Merger, dated October 9, 2023 (the “ Reorganization Agreement ”), by and among UNRV, Blum Holdings, Inc., a Delaware corporation (“ Blüm ”), and Blum Merger Sub, Inc., a Nevada corporation and, as of immediately prior to the consummation of such merger, a wholly-owned subsidiary of Blüm (“ Merger Sub ”).

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Source: SEC EDGAR

accession 0001477932-24-000192

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