secwatch.observer — SEC 8-K summary
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Issuer:     Starco Brands, Inc. (STCB)
CIK:        0001539850
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001493152-23-044272
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starco Brands amends Cardi B license deal, modifies royalty structure and eliminates sales threshold
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- Amended and restated license agreement with Cardi B's licensor Washpoppin Inc., effective Nov 27, 2023.
- Royalty rate revised to a percentage of Net Sales; previous net sales threshold eliminated.
- Minimum royalty unchanged; no changes to exclusivity for alcohol-infused dessert products.
- The amendment applies to Whipshots LLC, a Starco Brands subsidiary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539850/000149315223044272/0001493152-23-044272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539850/000149315223044272/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-044272

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