---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-020247"
form_type: "8-K"
ticker: "ADTI"
cik: "0001420924"
company_name: "Adapti, Inc."
filed_at: "2025-07-18T23:59:59+00:00"
generated_at: "2026-05-18T05:40:05.939343+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Adapti closes Ballengee Group acquisition; issues 6.5M shares, $7.5M note, up to $20M earnout

## Summary
- Acquired 100% of Ballengee Group, a baseball sports agency representing ~200 MLB athletes.
- Consideration: 6.5M shares ($20M value), $7.5M participating note (5%, due June 2030), up to $20M earnout based on EBITDA.
- Stock consideration gives Sellers 68.63% of post-issuance shares; James Ballengee gains voting control.
- Jeff Campbell appointed Executive Chairman; receives $20K/month consulting fee, convertible note arrangements.
- Company plans to integrate Ballengee with AdaptAI platform for AI-driven sports marketing.

## SEC filing metadata
- accession: 0001641172-25-020247
- form_type: 8-K
- ticker: ADTI
- cik: 0001420924
- company_name: Adapti, Inc.
- filed_at: 2025-07-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 9.01, 2.03, 3.02, 5.01, 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1420924/000164117225020247/0001641172-25-020247-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1420924/000164117225020247/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-020247
- JSON: https://secwatch.observer/filing/0001641172-25-020247.json
- Plain text: https://secwatch.observer/filing/0001641172-25-020247.txt

## Key facts
- Debt Financings
  Adapti, Inc. incurred loan of $7,500,000 with BSG Holdings, LLC and JBAH Holdings, LLC at 5% per annum maturing June 30, 2030.
  - Instrument: loan
  - Principal: $7,500,000
  - Counterparty: BSG Holdings, LLC and JBAH Holdings, LLC
  - Rate: 5% per annum
  - Maturity: June 30, 2030
  - Event: incurrence
  source text: participating promissory note having a principal amount of $7,500,000 (the “Note(s)”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1420924/000164117225020247/0001641172-25-020247-index.htm
- M&A Transactions
  Adapti, Inc. completed an acquisition involving BSG Holdings, LLC and JBAH Holdings, LLC for 6,500,000 shares of Common Stock valued at $20,000,000, a participating promissory note with principal of $7,500,000, and up to $20,000,000 in earnout considera (closed 2025-07-14).
  - Action: acquisition
  - Counterparty: BSG Holdings, LLC and JBAH Holdings, LLC
  - Consideration: 6,500,000 shares of Common Stock valued at $20,000,000, a participating promissory note with principal of $7,500,000, and up to $20,000,000 in earnout considera
  - Closing: 2025-07-14
  source text: the acquisition of the Membership Interest, the Company is required to pay the Sellers, pro rata, the following aggregate consideration (collectively, the “Consideration”): (i) 6,500,000 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”) valued at $20,000,000, based on the volume-weighted average price per share of the Common Stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1420924/000164117225020247/0001641172-25-020247-index.htm

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