Hypha Labs, Inc. (FUNI): M&A transaction — Digipath completes sale of Digipath Labs' assets to DPL NV LLC for $2.3M

Hypha Labs, Inc.

Sale closed on Feb 20, 2024, after Nevada CCB approval on Jan 18, 2024.
Cash proceeds at closing of $2,240,004.50, including $72,022.67 working capital surplus and $97,981.83 available cash.
Buyer deposited $230,000 into escrow for 12 months to satisfy potential indemnification claims.
Working capital adjustment will be resolved within 65 days post-closing.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Hypha Labs, Inc. completed a disposition involving DPL NV LLC for $2,300,000 (closed 2024-02-20).

Action: disposition
Counterparty: DPL NV LLC
Consideration: $2,300,000
Closing: 2024-02-20

Exact text from the filing

DPL NV LLC, a Nevada limited liability company (“Buyer”), pursuant to which Digipath Labs agreed to sell substantially all of its assets to Buyer for a cash purchase price of $2,300,000 (the “Purchase Price”). The Purchase Price was subject to adjustments at closing based on, among other things, the amount by which the working capital of Digipath Labs at the

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Source: SEC EDGAR

accession 0001493152-24-007618

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