Accredited Solutions, Inc. (ASII): M&A transaction — Accredited Solutions reports change in control, debt exchanges, and new preferred stock series

Accredited Solutions, Inc.

• Alexander Haase acquired all Series A Preferred shares from William Alessi, gaining 66.67% voting control of the company.
• Issued $10,000 promissory note to Jefferson Street Capital and $25,000 note to Leonite Capital, both maturing April 19, 2024.
• Exchanged approximately $1.1 million of debt for Series B Preferred Stock with six creditors, including Jefferson Street, Leonite, MetroSpaces, and others.
• Filed Certificate of Designation establishing 5,000 shares of Series B Convertible Preferred Stock with 10% cumulative dividend and mandatory redemption at 120% of stated value.
• Entered sales agreement with Apokar Investment Group for Diamond Creek water; Apokar receives 10% DCW equity and up to 40% additional equity based on sales goals.