secwatch.observer — SEC 8-K summary
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Issuer:     MGO Global Inc. (—)
CIK:        0001902794
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001493152-24-011247
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGO Global assigns Messi trademark license to Centric Brands for $2M cash
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- MGOTEAM 1 LLC assigns all rights under Messi License Agreement to Centric Brands LLC effective March 21, 2024.
- Centric pays $2M cash consideration and assumes €1.5M in minimum guarantee payments due in 2024.
- MGO transfers themessistore.com website and social media accounts to Centric by March 30, 2024.
- MGO retains pre-closing liabilities but is released from all future minimum guarantees and royalties.
- Assignment covers license through its expiration on December 31, 2024; Centric may negotiate extensions with LMM.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1902794/000149315224011247/0001493152-24-011247-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1902794/000149315224011247/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-011247

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