TRxADE HEALTH subsidiary buys four consumer brand trademarks for $1.25M

Scienture Holdings, Inc.

Superlatus (TRxADE subsidiary) acquires trademarks for Coolhaus, Brave Robot, Modern Kitchen, California Performance Co. from Perfect Day and The Urgent Company for $1,250,000.
Closing expected within 7 days of August 21, 2023; no material liabilities assumed.
Also plans separate agreement by Aug 31 to purchase other assets for nominal consideration not exceeding $1,000.
Sellers get limited non-exclusive license to use purchased assets for up to 12 months post-closing for winding-up.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

Scienture Holdings, Inc. entered into Asset Purchase Agreement with Perfect Day, Inc. and The Urgent Company, Inc. valued at $1,250,000 (effective 2023-08-21).

Action: entry
Agreement: asset purchase
Counterparty: Perfect Day, Inc. and The Urgent Company, Inc.
Value: $1,250,000
Effective: 2023-08-21

Exact text from the filing

On August 21, 2023 (the "Effective Date"), Superlatus, Inc., a Delaware corporation and wholly owned subsidiary of TRxADE HEALTH, Inc. ("Superlatus"), entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") with Perfect Day, Inc., a Delaware corporation ("PD") and The Urgent Company, Inc., a Delaware corporation ("TUC" and together with PD, collectively, "Sellers").

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283 material agreements filed in the last 30 days. Browse all material agreements →

Scienture Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-030055

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