BONK, INC. (BNKK): M&A transaction — Jupiter Wellness completes GBB Labs asset purchase, sends cease & desist to FSD Pharma

BONK, INC.

Completed GBB Labs asset acquisition for $200K cash + 5M shares; director John Gulyas and COO Jarrett Boon each own 33.33% of GBB.
Sent cease & desist to FSD Pharma over Aug 25 press release with allegedly false statements and unauthorized use of JUPW ticker.
FSD Pharma press release allegedly intended to damage Safety Shot, Company, and stockholders.

item 1.01 item 2.01 item 3.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BONK, INC. completed an acquisition involving GBB Labs, Inc. for $200,000 and 5,000,000 Common Shares (closed 2023-08-31).

Action: acquisition
Counterparty: GBB Labs, Inc.
Consideration: $200,000 and 5,000,000 Common Shares
Closing: 2023-08-31

Exact text from the filing

the Agreement, the Buyer shall purchase certain assets relating to the Seller’s business for a consideration comprising of: (a) the sum of Two Hundred Thousand U.S. Dollars (US $200,000) (the “Cash Purchase Price”); and (b) 5,000,000 Common Shares (the “Consideration Shares” and together with the Cash Purchase Price, collectively, the “Purchase Price”). At the

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BONK, INC. entered into Agreement with Jupiter Wellness, Inc., GBB Labs, Inc., GBB Drink Lab Inc., 2V Consulting LLC, the Jarrett A Boon Revocable Trust Dated October 22, 2014, Gregory D. Blackman, Brothers Investment 7777 valued at Two Hundred Thousand U.S. Dollars (US $200,000) and 5,000,000 Common Shares (effective 2023-07-10).

Action: entry
Agreement: asset purchase
Counterparty: Jupiter Wellness, Inc., GBB Labs, Inc., GBB Drink Lab Inc., 2V Consulting LLC, the Jarrett A Boon Revocable Trust Dated October 22, 2014, Gregory D. Blackman, Brothers Investment 7777
Value: Two Hundred Thousand U.S. Dollars (US $200,000) and 5,000,000 Common Shares
Effective: 2023-07-10

Exact text from the filing

On July 10, 2023, Jupiter Wellness, Inc. (the “Company”) entered into an asset purchase agreement (the “Agreement”) with GBB Labs, Inc., a Delaware corporation (“Buyer” and together with JWI, collectively, the “JWI Parties”), GBB Drink Lab Inc., a Florida corporation (“Seller”), 2V Consulting LLC, a Florida limited liability company, (“2v”), the Jarrett A Boon Revocable Trust Dated October 22, 2014, (the “Trust”), Gregory D. Blackman, an individual (“Blackman”) and Brothers Investment 7777, (“Brothers”, and collectively with 2v, the Trust and Blackman as the “Owners” and together with Seller, the “Transferors”).

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BONK, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-031842

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