secwatch.observer — SEC 8-K summary
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Issuer:     NetBrands Corp. (NBND)
CIK:        0001725911
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001493152-25-020875
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1725911/000149315225020875/0001493152-25-020875-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1725911/000149315225020875/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-020875

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