---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-029780"
form_type: "8-K"
ticker: "GIFT"
cik: "0001760233"
company_name: "GIFTIFY, INC."
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:39:49.468412+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RDE Inc. agrees to acquire CardCash.com for $2M cash and 6.1M shares; combined rev $101.7M

## Summary
- Consideration: $2M cash ($1M at closing, $1M promissory note) plus 6,108,077 restricted shares (~37% post-merger equity).
- Closing targeted by end of 2023, subject to conditions including listing on Nasdaq Capital Market.
- Combined unaudited 2022 revenue of $101.7M; $46.9M through June 30, 2023.
- Elliot Bohm (CardCash President) to join RDE Board and remain President; Marc Ackerman continues as COO; each gets $375K salary and 1.25M restricted shares vesting over 4 years.
- Acquisition creates cross-sell opportunities, expanding gift card offerings across multiple industries.

## SEC filing metadata
- accession: 0001493152-23-029780
- form_type: 8-K
- ticker: GIFT
- cik: 0001760233
- company_name: GIFTIFY, INC.
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760233/000149315223029780/0001493152-23-029780-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760233/000149315223029780/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-029780
- JSON: https://secwatch.observer/filing/0001493152-23-029780.json
- Plain text: https://secwatch.observer/filing/0001493152-23-029780.txt

## Key facts
- Material Agreements
  GIFTIFY, INC. entered into Agreement and Plan of Merger with CardCash Exchange, Inc. (effective 2023-08-18).
  - Action: entry
  - Agreement: merger
  - Counterparty: CardCash Exchange, Inc.
  - Effective: 2023-08-18
  source text: On August 18, 2023, the registrant (“RDE”), through a newly formed Delaware subsidiary, CardCash Acquisition Corp., entered into an Agreement and Plan of Merger (the “Merger Agreement”) with CardCash Exchange, Inc. (“CardCash”), a Delaware corporation
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760233/000149315223029780/0001493152-23-029780-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.