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

Issuer:     Accredited Solutions, Inc. (ASII)
CIK:        0001464865
Form:       8-K
Filed at:   2024-09-18T23:59:59+00:00
Accession:  0001477932-24-005811
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accredited Solutions secures 60-day lock-up, 6-month leak-out on all variable price conversion securities
--------------------------------------------------------------------------------

- Agreements with 100% of variable price conversion holders for 60-day lock-up (Sept 16 – Nov 15, 2024) and 6-month leak-out (Nov 15, 2024 – May 15, 2025).
- Company plans to use Reg A offering proceeds to redeem convertible securities, avoiding share dilution.
- CEO Eduardo Brito states plan supports 5-year growth target of $750M annual revenue via acquisitions and organic growth.
- Lock-up amendments effective Sept 16, 2024 involve six holders: Jefferson Street Capital, Leonite, Metrospaces, Mainstar, JanBella, and William Alessi.
- During leak-out, weekly sales capped at 10% of prior week’s trading volume; shares sold in six equal monthly parts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464865/000147793224005811/0001477932-24-005811-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464865/000147793224005811/asii_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-005811

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