secwatch.observer — SEC 8-K summary
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Issuer:     Starco Brands, Inc. (STCB)
CIK:        0001539850
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001493152-23-005682
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starco Brands completes acquisition of Soylent Nutrition
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539850/000149315223005682/0001493152-23-005682-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539850/000149315223005682/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-005682

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