secwatch.observer — SEC 8-K summary
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Issuer:     GIFTIFY, INC. (GIFT)
CIK:        0001760233
Form:       8-K
Filed at:   2023-08-22T23:59:59+00:00
Accession:  0001493152-23-029780
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760233/000149315223029780/0001493152-23-029780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760233/000149315223029780/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-029780

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