---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-000020"
form_type: "8-K"
ticker: null
cik: "0001709542"
company_name: "Electronic Servitor Publication Network, Inc."
filed_at: "2024-01-02T23:59:59+00:00"
generated_at: "2026-06-07T05:21:23.514035+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# XESP completes $2.5M asset purchase and merger, issues 39.3M shares for 72% ownership

## Summary
- Acquired Phitech assets for $2.5M plus assumed liabilities; cancelled 10M XESP shares held by Phitech.
- Merged with Pointward, issuing 39.252M shares to former holders, giving them ~72% of XESP outstanding.
- Pointward had no revenue, net loss of $200 in 2022, $1,601 accumulated deficit, going concern.
- CEO Peter Hager controls both Phitech and Pointward; related-party transactions.
- Moved headquarters to Stillwater, MN.

## SEC filing metadata
- accession: 0001683168-24-000020
- form_type: 8-K
- cik: 0001709542
- company_name: Electronic Servitor Publication Network, Inc.
- filed_at: 2024-01-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1709542/000168316824000020/0001683168-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1709542/000168316824000020/elecserv_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-000020
- JSON: https://secwatch.observer/filing/0001683168-24-000020.json
- Plain text: https://secwatch.observer/filing/0001683168-24-000020.txt

## Key facts
- M&A Transactions
  Electronic Servitor Publication Network, Inc. underwent a change of control involving Pointward Inc. (closed 2023-12-22).
  - Action: change of control
  - Counterparty: Pointward Inc.
  - Closing: 2023-12-22
  source text: Pursuant to the terms of the Merger Agreement, the Company shall be the surviving corporation and all of the outstanding capital stock of Pointward were converted into shares of the Company’s common stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1709542/000168316824000020/0001683168-24-000020-index.htm
- M&A Transactions
  Electronic Servitor Publication Network, Inc. completed an acquisition involving Phitech Management, LLC for $2,500,000 (closed 2023-12-22).
  - Action: acquisition
  - Counterparty: Phitech Management, LLC
  - Consideration: $2,500,000
  - Closing: 2023-12-22
  source text: Pursuant to the terms of the Asset Purchase Agreement dated December 22, 2023, the Company has agreed to pay an aggregate purchase price of Two Million Five Hundred Thousand Dollars ($2,500,000), plus the assumption of the assumed liabilities as defined in such Asset Purchase Agreement, for Phitech’s assets, including its proprietary technology; and, upon consummation of the transaction, the Company shall cancel Ten Million (10,000,000) shares of the Company’s common stock held by Phitech, representing 100% of Phitech’s ownership of the Company, and such shares shall be returned to the Company’s treasury.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1709542/000168316824000020/0001683168-24-000020-index.htm
- Material Agreements
  Electronic Servitor Publication Network, Inc. entered into Asset Purchase Agreement with Phitech valued at $2,500,000 (effective 2023-12-22).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Phitech
  - Value: $2,500,000
  - Effective: 2023-12-22
  source text: Pursuant to the terms of the Asset Purchase Agreement dated December 22, 2023, the Company has agreed to pay an aggregate purchase price of Two Million Five Hundred Thousand Dollars ($2,500,000)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1709542/000168316824000020/0001683168-24-000020-index.htm
- Material Agreements
  Electronic Servitor Publication Network, Inc. entered into Agreement and Plan of Merger with Pointward.
  - Action: entry
  - Agreement: merger
  - Counterparty: Pointward
  source text: and (ii) the Company’s merger with Pointward, whereby the Company shall be the surviving corporation. Asset Purchase Agreement Pursuant to the terms of the Asset Purchase Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1709542/000168316824000020/0001683168-24-000020-index.htm

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