secwatch.observer — SEC 8-K summary
======================================

Issuer:     White River Energy Corp. (—)
CIK:        0001589361
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001493152-24-013311
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

White River Energy acquires Truuli Environmental and carbon assets for $1.5M cash + 5.5M shares
--------------------------------------------------------------------------------

- Merger with Truuli Environmental closed April 1, 2024; Truuli becomes indirect wholly-owned subsidiary.
- Consideration: $1,500,000 cash and 5,500,000 newly issued WTRV common shares; up to 1,000,000 shares subject to forfeiture.
- Asset Purchase Agreement: WTRV bought limited partner interests from Lion Vista for $2,000,000 (net of $350,000 advance).
- Board amended 2022 Equity Plan to authorize up to 30,000,000 shares for equity grants.
- Acquired businesses have nominal working capital and will operate under White River Native CDFI LLC joint venture.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589361/000149315224013311/0001493152-24-013311-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589361/000149315224013311/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-013311

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer