---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-000296"
form_type: "8-K"
ticker: "FRQN"
cik: "0001624517"
company_name: "Frequency Holdings, Inc"
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T23:16:51.522171+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Yuengling's Ice Cream returns all ice cream assets to Mid Penn Bank, cancels $1.19M debt

## Summary
- Company assigned all ice cream-related assets to Mid Penn Bank in exchange for cancellation of $1,191,207 in loans.
- Transaction closed Jan 9, 2024; company will wind up, liquidate, and dissolve its operations.
- Debt is fully satisfied; guarantors remain subject to further negotiation with the bank.
- Company's Nevada charter is currently revoked due to failure to file annual reports.
- Original assignor YIC Corporation signed to confirm proper title transfer to the bank.

## SEC filing metadata
- accession: 0001683168-24-000296
- form_type: 8-K
- ticker: FRQN
- cik: 0001624517
- company_name: Frequency Holdings, Inc
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1624517/000168316824000296/0001683168-24-000296-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1624517/000168316824000296/yuenglings_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-000296
- JSON: https://secwatch.observer/filing/0001683168-24-000296.json
- Plain text: https://secwatch.observer/filing/0001683168-24-000296.txt

## Key facts
- M&A Transactions
  Frequency Holdings, Inc completed a disposition involving Mid Penn Bank for cancelling two loans with a combined balance of $1,191,207.05 (closed 2024-01-09).
  - Action: disposition
  - Counterparty: Mid Penn Bank
  - Consideration: cancelling two loans with a combined balance of $1,191,207.05
  - Closing: 2024-01-09
  source text: On January 9, 2024, Yuengling’s Ice Cream Corporation executed an Assignment of Assets for Cancellation of Debt Agreement with Mid Penn Bank to return its ice cream-related assets in exchange for the bank cancelling two loans with a combined balance of $1,191,207.05.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1624517/000168316824000296/0001683168-24-000296-index.htm

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