---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-020875"
form_type: "8-K"
ticker: "NBND"
cik: "0001725911"
company_name: "NetBrands Corp."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:20:19.294530+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NetBrands enters equity purchase agreement for up to $10M with Trillium Partners at 85% of market price

## Summary
- Trillium Partners LP, controlled by Steve Hicks, to buy up to $10M of NetBrands stock at 85% of 5-day VWAP after put notice.
- NetBrands must deliver shares valued at 115% of the put amount; EPA includes price floor if stock drops below 70% of put-date price.
- Company to file Form S-1 at its own expense for Trillium's resale of shares; EPA has two-year term.
- No assurance that any particular amount will be drawn; dilution risk for existing shareholders from discounted issuance.

## SEC filing metadata
- accession: 0001493152-25-020875
- form_type: 8-K
- ticker: NBND
- cik: 0001725911
- company_name: NetBrands Corp.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1725911/000149315225020875/0001493152-25-020875-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1725911/000149315225020875/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-020875
- JSON: https://secwatch.observer/filing/0001493152-25-020875.json
- Plain text: https://secwatch.observer/filing/0001493152-25-020875.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.