secwatch.observer — SEC 8-K summary
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Issuer:     FARMHOUSE, INC. /NV (FMHS)
CIK:        0001811999
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0001551163-24-000036
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 5.02, 5.07, 5.08, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmhouse acquires Thrown LLC (Nappy Boy Dranks) for 25% of post-close shares
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- Farmhouse will issue 5,130,000 shares (~25% of total post-close) to acquire all membership interests of Thrown.
- Farmhouse must secure $5–10M in financing; 80% of proceeds allocated to Thrown for working capital.
- T-Pain named CEO of Thrown, with Jason Tucker as President and Melissa Tucker as COO; each gets $108K base salary.
- Board will expand to five members including a Thrown nominee and a Farmhouse nominee post-closing.
- Agreements include Earnout (performance-based shares with $0.75 floor), Voting, and Investor Rights & Management pacts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811999/000155116324000036/0001551163-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811999/000155116324000036/8k.htm
  HTML page:      https://secwatch.observer/filing/0001551163-24-000036

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