secwatch.observer — SEC 8-K summary
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Issuer:     Axil Brands, Inc. (AXIL)
CIK:        0001718500
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001520138-24-000102
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AXIL repurchases ~207.7M Series A Preferred shares for $1.25M cash; 42.3M remain
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- Repurchased 207,748,250 Series A Preferred (equiv. ~10,387,413 common shares) for $1,246,489.50 cash.
- Sellers: Teton 360, LLC (142M shares, $852k) and The Williams Family Irrevocable Trust (65.7M shares, $394k).
- Repurchase funded from cash on hand; Board approved; after transaction 42,251,750 Preferred remain outstanding.
- Weston Harris, manager of Teton 360, is a consultant of the company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718500/000152013824000102/0001520138-24-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718500/000152013824000102/rviv20240305_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-24-000102

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