secwatch.observer — SEC 8-K summary
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Issuer:     Starco Brands, Inc. (STCB)
CIK:        0001539850
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001493152-24-010824
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starco Brands removes director, appoints new board; modifies Soylent earnout to 30-day VWAP
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- Director Demir Vangelov removed; new board: Ross Sklar, Darin Brown, Bharat Vasan effective March 18, 2024.
- Stockholder Agreement with holders of 84.8% of Soylent former stockholders modifies Share Adjustment calculation.
- Earnout uses 30-day VWAP; first adjustment Feb 15, 2024, second May 15, 2025; additional shares if VWAP < $0.35.
- Agreement may be nullified if certain conditions occur within 60 days; otherwise amendment is in effect.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539850/000149315224010824/0001493152-24-010824-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539850/000149315224010824/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010824

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