secwatch.observer — SEC 8-K summary
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Issuer:     Accredited Solutions, Inc. (ASII)
CIK:        0001464865
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001477932-24-006860
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ASII acquires 100% of Globetopper, LLC for $3M in secured notes and preferred stock
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- ASII to pay $3M via secured promissory note: $1M cash, 1,000 Series B Preferred shares ($1M), and $1M follow-on note.
- Closing expected Nov 1, 2024, subject to customary conditions; management sees no impediment.
- Globetopper has unaudited FY2023, FY2022 financials and June 2024 statements; no material litigation.
- Owner Craig Span to continue managing Globetopper for two years post-closing with reasonable salary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464865/000147793224006860/0001477932-24-006860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464865/000147793224006860/asii_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-006860

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