secwatch.observer — SEC 8-K summary
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Issuer:     PANACEA LIFE SCIENCES HOLDINGS, INC. (PLSH)
CIK:        0001552189
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0001493152-24-004908
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Panacea Life sells PUR Life assets to related party PLM Holdings for $180K note
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- PLM Holdings (controlled by Panacea CEO and president) acquires all PUR Life assets and assumes related franchise liabilities.
- Purchase price is a $180,000 promissory note, matching the initial deposit not refunded by PUR Life.
- Prior PUR Life APA rescinded but company retained assets; now sold to related party on Jan. 29, 2024.
- Transaction constitutes a related party transaction under Regulation S-K Item 404.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552189/000149315224004908/0001493152-24-004908-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552189/000149315224004908/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-004908

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