secwatch.observer — SEC 8-K summary
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Issuer:     Accredited Solutions, Inc. (ASII)
CIK:        0001464865
Form:       8-K/A
Filed at:   2024-09-06T23:59:59+00:00
Accession:  0001477932-24-005562
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ASII executes non-binding IOI to acquire e-gift card distributor Globetopper for $3M
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- Globetopper reported $33.7M unaudited 2023 sales; projected $42.5M 2024 revenue run-rate with net income.
- ASII to acquire 100% of Globetopper for $3M total valuation via a redeemable promissory note.
- Payment structure: 33% cash, 33% convertible preferred stock (with lock-up/ownership limit), 33% two-year note.
- Definitive agreement target within 45 days; closing within 120 days; subject to due diligence, PCAOB audits, shareholder approvals.
- IOI is non-binding except for confidentiality and other binding provisions; no guarantee a final deal will result.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464865/000147793224005562/0001477932-24-005562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464865/000147793224005562/asii_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-005562

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