Starco Brands, Inc. (STCB): M&A transaction — Starco Brands completes acquisition of Soylent Nutrition

Starco Brands, Inc.

Acquired Soylent Nutrition for up to 165,336,430 restricted shares of Class A common stock.
Appointed Demir Vangelov as director and CEO of Soylent, the surviving company.
Entered into voting agreement with Ross Sklar, giving him control of ~82.6% voting power.
Issued change-in-control bonus of 12,617,857 restricted shares to CEO Vangelov.
Entered into indemnification agreements with directors Sklar, Brown, and Vangelov.

item 1.01 item 2.01 item 3.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Demir Vangelov

Chief Executive Officer of Soylent

STCB · Starco Brands, Inc.

Effective: 2023-02-14
Filed: February 21, 2023, 6:59 PM ET

Vangelov was also appointed as the Chief Executive Officer of Soylent as the surviving corporation of the Merger.

Appointed

Demir Vangelov

Director

STCB · Starco Brands, Inc.

Effective: 2023-02-14
Filed: February 21, 2023, 6:59 PM ET

appointed Vangelov to fill the newly created directorship as a Director of Starco.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Demir Vangelov was appointed as Chief Executive Officer of Soylent at Starco Brands, Inc..

Action: appointed
Role: Chief Executive Officer of Soylent

Exact text from the filing

Vangelov was also appointed as the Chief Executive Officer of Soylent as the surviving corporation of the Merger.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Demir Vangelov was appointed as Director at Starco Brands, Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed Vangelov to fill the newly created directorship as a Director of Starco.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Starco Brands, Inc. completed an acquisition involving Soylent Nutrition, Inc. for an aggregate of up to 165,336,430 restricted shares of Class A common stock (closed 2023-02-15).

Action: acquisition
Counterparty: Soylent Nutrition, Inc.
Consideration: an aggregate of up to 165,336,430 restricted shares of Class A common stock
Closing: 2023-02-15

Exact text from the filing

and the transactions contemplated by the Merger Agreement, Starco will issue to the former holders of Soylent Preferred Stock (the “ Company Holders “) (a) an aggregate of up to 165,336,430 restricted shares of Class A common stock(“ Class A common stock ”) of Starco (the “ Purchase Price Shares ”), (b) up to 18,571,429 additional restricted shares of Class A common

View on SEC.gov

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Starco Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-005682

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