Deep Green Waste & Recycling, Inc.: M&A transaction — Deep Green sells substantially all AMWASTE assets for $185K to Amwaste of Georgia

Deep Green Waste & Recycling, Inc.

Purchase price $185K; Deep Green receives $175K, CEO-owned Tyler's Couch gets $10K.
Assets sold include equipment, customer contracts, leases, and intellectual property.
Buyer assumes only Assumed Contract and Lease liabilities; Sellers retain all other obligations.
CEO Bill Edmonds had related-party interest as owner of selling entity Tyler's Couch, LLC.
Sale of key operating subsidiary likely leaves company without its primary revenue-generating business.

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

Deep Green Waste & Recycling, Inc. completed a disposition involving Amwaste of Georgia, LLC for $175,000 (closed 2024-03-20).

Action: disposition
Counterparty: Amwaste of Georgia, LLC
Consideration: $175,000
Closing: 2024-03-20

Exact text from the filing

On March 20, 2024, Deep Green Waste & Recycling, Inc. (“Deep Green”) completed the sale of substantially all of the assets of its subsidiary, DG Research Inc, dba AMWASTE (“DGRI”) to Amwaste of Georgia, LLC (“Buyer”) for a purchase price of $175,000.

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Source: SEC EDGAR

accession 0001493152-24-010886

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