secwatch.observer — SEC 8-K summary
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Issuer:     DLT Resolution Inc. (DLTI)
CIK:        0001420368
Form:       8-K
Filed at:   2024-03-19T23:59:59+00:00
Accession:  0001477932-24-001313
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DLT Resolution acquires Global Motor Trade Group ($50.9M revenue) for shares; appoints Brofman
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- Acquired Global Motor Trade Group (annual gross revenue $50.858M) via share exchange.
- Consideration: up to 14% of DLTI shares (6,020,000 shares) plus earn-out shares based on gross profit.
- Earn-out: up to 1,111,000 shares if first-year gross profit >= $4.25M; 1,666,000 if second-year >= $5.25M.
- Charles Brofman appointed Dir., General Counsel, Sec.; $125K salary for 75% time.
- Brofman also managing member of acquired entities; not independent director.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1420368/000147793224001313/0001477932-24-001313-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1420368/000147793224001313/dlti_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-001313

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