secwatch.observer — SEC 8-K summary
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Issuer:     Brownie's Marine Group, Inc (BWMG)
CIK:        0001166708
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001493152-22-011888
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166708/000149315222011888/0001493152-22-011888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166708/000149315222011888/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-011888

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