secwatch.observer — SEC 8-K summary
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Issuer:     GIFTIFY, INC. (GIFT)
CIK:        0001760233
Form:       8-K/A
Filed at:   2024-01-05T23:59:59+00:00
Accession:  0001493152-24-001603
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01, 1.01
LLM model:  deepseek-v4-flash:cloud@v2

RDE closes CardCash merger with amended $2M consideration; $500k cash, $1.5M notes
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- Merger with CardCash closed Dec 29, 2023; total consideration $2M with amended payment terms.
- Cash at closing reduced to $500k from $1M; remaining $1.5M via two promissory notes.
- $750k note due at second anniversary (5% simple interest); $750k due upon earlier of IPO underwriting by Maxim Group or first anniversary.
- RDE issued 6,108,007 restricted shares of common stock to CardCash shareholders.
- Elliot Bohm (CardCash President) joins RDE Board; Marc Ackerman continues as CardCash COO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760233/000149315224001603/0001493152-24-001603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760233/000149315224001603/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-001603

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