FRONTERA GROUP INC.: M&A transaction — Frontera Group acquires 24.9% interest in Global Market Link for $500,000

FRONTERA GROUP INC.

Acquired 24.9% membership interest in Global Market Link, LLC from Robert Espaillat.
Purchase price of $500,000 with 100% seller financing via promissory note and pledge.
Transaction partially closed April 30, 2023; completed May 5, 2023.
Seller retains security interest in membership interests until full payment.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

FRONTERA GROUP INC. completed an acquisition involving Robert Espaillat and Global Market Link, LLC for purchase price of $500,000 (closed 2023-05-05).

Action: acquisition
Counterparty: Robert Espaillat and Global Market Link, LLC
Consideration: purchase price of $500,000
Closing: 2023-05-05

Exact text from the filing

Effective May 5, 2023 the Company completed the remainder of the transaction by completing an assignment of membership of GML (the “Assignment”) at a purchase price of $500,000

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Source: SEC EDGAR

accession 0001549727-23-000014

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