Earth Science Tech amends purchase deal to issue 53.7M shares for RxCompound/Peaks

Earth Science Tech, Inc.

Amended purchase agreement on Nov 8, 2022; issues 53,700,000 shares for all membership units of RxCompoundStore.com and Peaks Curative.
RxCompound is a compounding pharmacy licensed in NY and FL, DEA-registered for Schedules II/III; flagship ED gummies.
Peaks is a telemedicine referral site for branded compound medications prepared at RxCompound.
Acquisition will be deemed closed upon issuance of the shares.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Earth Science Tech, Inc. amended Agreement with sellers of both RxCompoundStore.com, LLC and Peaks Curative, LLC valued at 53,700,000 shares of its Common Stock (effective 2022-11-08).

Action: amendment
Agreement: asset purchase
Counterparty: sellers of both RxCompoundStore.com, LLC and Peaks Curative, LLC
Value: 53,700,000 shares of its Common Stock
Effective: 2022-11-08

Exact text from the filing

On November 8, 2022, Earth Science Tech, Inc. (the “Company”) and the sellers of both RxCompoundStore.com, LLC (“RxCompound”) and Peaks Curative, LLC (“Peaks”) (collectively, the “Targets”) amended the Purchase Agreement for the Membership Units of the Targets, dated November 3, 2021 (“Agreement”). Pursuant to the terms of the Amendment , the parties modified the Purchase Price of the Agreement such that the Company agreed to issue a cumulative total of 53,700,000 shares of its Common Stock in exchange for all outstanding Membership Units of the Targts.

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Earth Science Tech, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-030940

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