FRONTERA GROUP INC.: M&A transaction — Frontera Group buys $2.3M Empaques Note secured by Mexico real estate

FRONTERA GROUP INC.

Acquired promissory note with $2,314,295.89 principal, secured by commercial real property in Mexico.
Seller Texas G&S Investments provided 100% seller financing via a Company Note and pledge agreement.
Initial closing on April 30, 2023; final closing on June 12, 2023 with document deliveries.
Collateral value of the secured property exceeds the outstanding principal balance of the note.

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 Texas G&S Investments, Inc. for $2,314,295.89 (closed 2023-06-12).

Action: acquisition
Counterparty: Texas G&S Investments, Inc.
Consideration: $2,314,295.89
Closing: 2023-06-12

Exact text from the filing

Effective April 30, 2023 the Company closed on a portion of the purchase of the Empaques Note at a purchase price of $2,314,295.89

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Source: SEC EDGAR

accession 0001549727-23-000019

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