secwatch.observer — SEC 8-K summary
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Issuer:     Resonate Blends, Inc. (KOAN)
CIK:        0000897078
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001493152-24-007792
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Resonate Blends enters share exchange giving EMGE holders 93% of pro forma common stock
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- Preferred shareholders of Emergent Health will exchange equity for new preferred shares convertible into 93% of common stock on a fully diluted basis.
- Current Resonate Blends shareholders will own approximately 7% of fully diluted capitalization post-exchange.
- Closing expected by March 1, 2024; conditions include sale of two subsidiaries to CEO Geoffrey Selzer and raising $500,000.
- Post-closing: new board led by Jim Morrison (Chairman/CEO), redomicile to Delaware, and name change to Apollo Health and Wellness.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897078/000149315224007792/0001493152-24-007792-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897078/000149315224007792/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-007792

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