secwatch.observer — SEC 8-K summary
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Issuer:     Resonate Blends, Inc. (KOAN)
CIK:        0000897078
Form:       8-K
Filed at:   2024-03-20T23:59:59+00:00
Accession:  0001493152-24-010614
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 5.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Resonate Blends closes share exchange with EMGE, new board and control shift
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- EMGE Preferred shareholders exchanged equity for Series F Convertible Preferred convertible to 93% of common on fully diluted basis.
- Control change: Geoffrey Selzer sold 2M Series C Preferred shares to James Morrison for $10, granting Morrison voting control.
- Company conveyed subsidiaries Resonate Blends LLC and Entourage Labs LLC to former director Selzer, who assumed all liabilities.
- Prior directors resigned; new appointees: James Morrison (Pres., Sec., Dir.), Lance Liberti, Sandy Lipkins, James Zimbler.
- Series F Preferred: $1,800 liquidation preference per share, no dividends/voting, convertible after 6 months or upon uplist.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897078/000149315224010614/0001493152-24-010614-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897078/000149315224010614/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010614

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