secwatch.observer — SEC 8-K summary
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Issuer:     Adapti, Inc. (ADTI)
CIK:        0001420924
Form:       8-K
Filed at:   2025-07-18T23:59:59+00:00
Accession:  0001641172-25-020247
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 9.01, 2.03, 3.02, 5.01, 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1420924/000164117225020247/0001641172-25-020247-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1420924/000164117225020247/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-020247

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