secwatch.observer — SEC 8-K summary
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Issuer:     Resonate Blends, Inc. (KOAN)
CIK:        0000897078
Form:       8-K/A
Filed at:   2024-04-16T23:59:59+00:00
Accession:  0001493152-24-014759
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 5.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Resonate Blends closes EMGE share exchange, gains control of EMGE business; transfers subsidiaries to ex-director
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- Closed Exchange Agreement: EMGE preferred shareholders exchanged equity for Series F Preferred Stock convertible into 93% of fully diluted common stock.
- Conveyance Agreement: Company transferred ownership of Resonate Blends, LLC and Entourage Labs, LLC to former director Selzer, who assumed all liabilities.
- All prior directors and officers resigned; four new board members appointed.
- Company's ongoing business is now that of EMGE, a regenerative medicine company with subsidiaries including Evolutionary Biologics, Juventix, and others.
- Series F Preferred Stock carries $1,800 liquidation preference per share, no voting rights, convertible after six months or upon uplisting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897078/000149315224014759/0001493152-24-014759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897078/000149315224014759/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-014759

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