---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-011888"
form_type: "8-K"
ticker: "BWMG"
cik: "0001166708"
company_name: "Brownie's Marine Group, Inc"
filed_at: "2022-05-03T23:59:59+00:00"
generated_at: "2026-06-26T01:16:10.209601+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Brownie's Marine acquires Gold Coast Scuba for $150K in cash and stock; 3.1M shares issued

## Summary
- Total consideration $150K ($30K cash + 3,084,831 shares at $0.0389); shares have staged leak-out restrictions.
- Gold Coast Scuba is a PADI 5-star dive center in Lauderdale-by-the-Sea, FL.
- Live Blue subsidiary will pilot BLU3 tankless dive tours from the acquired facility.
- LLC members entered 5-year non-compete/non-solicitation agreements.

## SEC filing metadata
- accession: 0001493152-22-011888
- form_type: 8-K
- ticker: BWMG
- cik: 0001166708
- company_name: Brownie's Marine Group, Inc
- filed_at: 2022-05-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1166708/000149315222011888/0001493152-22-011888-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1166708/000149315222011888/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-011888
- JSON: https://secwatch.observer/filing/0001493152-22-011888.json
- Plain text: https://secwatch.observer/filing/0001493152-22-011888.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.