secwatch.observer — SEC 8-K summary
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Issuer:     Resonate Blends, Inc. (KOAN)
CIK:        0000897078
Form:       8-K
Filed at:   2023-06-23T23:59:59+00:00
Accession:  0001493152-23-022218
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Resonate Blends signs merger to acquire Pegasus Specialty Vehicles; issues $575K bridge note
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- Merger consideration: 623,500 shares of Series AA Preferred Stock to Pegasus members.
- Parent must raise $3M net at closing; $500K pre-closing secured loan to Company.
- Bridge note: $575K principal (15% OID), net $500K, matures Sep 20, 2023; 1,318K commitment shares.
- Conditions include spin-out of cannabis assets (KOAN) and retirement of Series E Preferred.
- Closing expected Q3 2023 subject to financing and other conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897078/000149315223022218/0001493152-23-022218-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897078/000149315223022218/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-022218

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