secwatch.observer — SEC 8-K summary
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Issuer:     Q/C TECHNOLOGIES, INC. (QCLS)
CIK:        0001321834
Form:       8-K/A
Filed at:   2025-09-05T23:59:59+00:00
Accession:  0001641172-25-026762
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TNF Pharmaceuticals acquires LPU Holdings LLC for Series I Preferred Stock plus contingent milestones
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- TNF to acquire 100% of LPU Holdings LLC; closing consideration is Series I Convertible Preferred Stock convertible into 747,362 common shares.
- Contingent milestone payments include 6.25%/5% of equity offering proceeds up to $50M and a one-time share payment representing 10% of fully diluted shares upon reaching $50M aggregate proceeds.
- Additional $1.75M payment (cash/equity) if TNF market cap reaches $100M for 10 consecutive trading days after 90 days post-closing.
- Concurrent equity offering of at least $7.5M at $5.00/sh (Series H preferred) is a condition to closing.
- Acquisition includes a License Agreement with LightSolver Ltd. for technology rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1321834/000164117225026762/0001641172-25-026762-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1321834/000164117225026762/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-026762

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