---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-044760"
form_type: "8-K"
ticker: "KOAN"
cik: "0000897078"
company_name: "Resonate Blends, Inc."
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:52:44.580538+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Pegasus terminates merger with Resonate Blends over capital failure

## Summary
- Pegasus Specialty Vehicles terminated the June 20, 2023 Merger Agreement on December 7, 2023.
- Termination cites Resonate's failure to secure the committed $3,000,000 investment for Pegasus.
- Resonate also failed to provide capital to repay a $500,000 note with 622 Capital, LLC.
- Resonate disagrees with the termination grounds and is in active negotiations to resolve.
- The merger would have made Pegasus a wholly-owned subsidiary of Resonate.

## SEC filing metadata
- accession: 0001493152-23-044760
- form_type: 8-K
- ticker: KOAN
- cik: 0000897078
- company_name: Resonate Blends, Inc.
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/897078/000149315223044760/0001493152-23-044760-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/897078/000149315223044760/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-044760
- JSON: https://secwatch.observer/filing/0001493152-23-044760.json
- Plain text: https://secwatch.observer/filing/0001493152-23-044760.txt

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