---
schema_version: "secwatch.filing_event.v1"
accession: "0001549727-23-000023"
form_type: "8-K"
ticker: null
cik: "0001602813"
company_name: "FRONTERA GROUP INC."
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-14T00:13:51.727806+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "medium"
source: SEC EDGAR
---

# Frontera Group acquires 24.9% of Texas G&S Investments for $25M

## Summary
- Purchase price of $25,000,000 for 249 shares (24.9% stake) of TGSI; seller Guillermo Solis, Jr. provides 100% financing via a promissory note.
- Seller retains voting proxy on acquired shares until purchase price is fully paid.
- Company issued 3,500,000 restricted common shares to RGV Fintech Joint Venture for assignment of contract rights.
- Transaction closed in stages; final documents delivered June 12, 2023.
- Seller retains pledge and security interest in the TGSI stock until full payment.

## SEC filing metadata
- accession: 0001549727-23-000023
- form_type: 8-K
- cik: 0001602813
- company_name: FRONTERA GROUP INC.
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: medium
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1602813/000154972723000023/0001549727-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1602813/000154972723000023/frtgform8ktgsi062023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001549727-23-000023
- JSON: https://secwatch.observer/filing/0001549727-23-000023.json
- Plain text: https://secwatch.observer/filing/0001549727-23-000023.txt

## Key facts
- M&A Transactions
  FRONTERA GROUP INC. completed an acquisition involving Guillermo Solis, Jr. for $25,000,000 (closed 2023-06-12).
  - Action: acquisition
  - Counterparty: Guillermo Solis, Jr.
  - Consideration: $25,000,000
  - Closing: 2023-06-12
  source text: Jr. (“Solis”), an individual. The Company agreed to acquire from Solis, 249 shares or 24.9% of the issued and outstanding shares of common stock of TGSI at a purchase price of $25,000,000 with Solis retaining the voting proxy to the 249 shares (the “TGSI Stock”) until such time as the purchase price is paid in full. On April 30, 2023 the Company and Guillermo
  evidence_url: https://www.sec.gov/Archives/edgar/data/1602813/000154972723000023/0001549727-23-000023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.