M&A
confidence high
sentiment neutral
materiality 0.55
Yuengling's Ice Cream terminates Revolution Desserts acquisition due to Reg A-1 delays
Frequency Holdings, Inc
- Terminated Membership Interest Purchase Agreement with Revolution Desserts, LLC, effective May 17, 2022.
- Reason: regulatory delays in qualifying the Company’s Reg 1-A offering under the Securities Act.
- Company will refocus on relaunching the Yuengling's Ice Cream brand and pursuing other sales/development opportunities.
- No termination fees or other financial consideration specified in the filing.