secwatch.observer — SEC 8-K summary
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Issuer:     Resonate Blends, Inc. (KOAN)
CIK:        0000897078
Form:       8-K
Filed at:   2023-12-13T23:59:59+00:00
Accession:  0001493152-23-044760
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pegasus terminates merger with Resonate Blends over capital failure
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897078/000149315223044760/0001493152-23-044760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897078/000149315223044760/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-044760

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