secwatch.observer — SEC 8-K summary
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Issuer:     GoLogiq, Inc. (—)
CIK:        0001746278
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001575872-24-000191
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GoLogiq grants RCRT exclusive fintech license; gets 19.99% stake, 8% royalty
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- GOLQ grants RCRT worldwide exclusive 10-year license to Createapp, Paylogiq, Gologiq, Radix AI products.
- RCRT issues shares equal to 19.99% of outstanding RCRT stock; GOLQ will own 16.66% after issuance.
- RCRT pays 8% royalty on net sales of licensed products during the term.
- RCRT has option to purchase the GOLQ technology and licensed products for $400,000.
- Agreement replaces prior June 2023 stock purchase agreement and its amendments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1746278/000157587224000191/0001575872-24-000191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1746278/000157587224000191/golq-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001575872-24-000191

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