secwatch.observer — SEC 8-K summary
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Issuer:     AMASS BRANDS (AMSS)
CIK:        0001851491
Form:       8-K
Filed at:   2026-08-05T21:22:31+00:00
Accession:  0001575872-26-000551
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMASS Brands settles $4M wine purchase obligation for $427k; terminates Full Glass agreement
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- Original $4M purchase obligation replaced with $427k settlement; $31,750 due by July 31, 2026.
- Remaining $406k Deposit can be applied to redeem AMASS's Series A and Common Units in FGWC at $8.77/unit, with or without future wine purchases.
- If Full Glass chooses equity redemption with wine purchase, AMASS receives $270,666.66 cash and $406k equity redemption for 135,333.33 gallons at $5/gal.
- Mutual releases of all claims related to Purchase Agreement and equity ownership; California Civil Code Section 1542 waived.
- If FGWC undergoes a Sale of Company Transaction within one year, Full Glass must pay AMASS any shortfall between redemption value and sale proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851491/000157587226000551/0001575872-26-000551-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851491/000157587226000551/amass038_8k.htm
  HTML page:      https://secwatch.observer/filing/0001575872-26-000551

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