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

Issuer:     ROCKETFUEL BLOCKCHAIN, INC. (—)
CIK:        0000823546
Form:       8-K
Filed at:   2026-03-18T23:59:59+00:00
Accession:  0001493152-26-010674
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RocketFuel Blockchain enters non-binding term sheet to sell payments and loyalty assets to RPay and RPoints
--------------------------------------------------------------------------------

- Buyers will assume ~$1.5M in senior deferred compensation liabilities.
- Company to receive quarterly earn-out of 20% of net revenue from payments business up to $2.5M aggregated over 2 years.
- Company receives warrants for 20% fully diluted ownership in each buyer, with repurchase floors of $1.5M (RPay) and $200k (RPoints).
- Company retains corporate franchise, cash reserves, and equity warrants; non-binding except exclusivity/confidentiality.
- Board approved term sheet after considering interested nature of transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/823546/000149315226010674/0001493152-26-010674-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/823546/000149315226010674/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-010674

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