SUPA Consolidated Inc. (SFCX): M&A transaction — Tribal Rides sells all owned IP assets including two U.S. patents to Boumarang for $5M in stock

SUPA Consolidated Inc.

Sale price $5,000,000 paid as 2,906,977 shares of Boumarang Inc. common stock valued at $1.72/share.
Assets sold include U.S. Patent Nos. 9,984,574 and 11,217,101, plus IP, trade secrets, customer lists, software, and goodwill.
Buyer Boumarang Inc. does not assume any liabilities of Tribal Rides; transaction closed December 31, 2024.
Tribal Rides will provide post-closing assistance to transfer patent ownership; no liens or litigation affecting assets per seller reps.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SUPA Consolidated Inc. completed a disposition involving Boumarang Inc. for $5,000,000, paid in 2,906,977 common stock Boumarang stock (closed 2024-12-31).

Action: disposition
Counterparty: Boumarang Inc.
Consideration: $5,000,000, paid in 2,906,977 common stock Boumarang stock
Closing: 2024-12-31

Exact text from the filing

On December 31, 2024, per Asset Purchase Agreement, Tribal Rides International Corp. (“Seller”, “Company”, “we”, or “us”) sold to Boumarang Inc. (“Buyer”) all of the owned intellectual property and its application of as defined in patents, including U.S. Patent No. 9,984,574 and U.S. Patent No. 11,217,101, along with all associated intellectual property rights, trade secrets, customer lists, prototypes, software, applications, registrations, corresponding documentation, and the trade, business name, telephone number and listing, goodwill, and all other intangible asset, hereinafter, the "Assets." The purchase price for the assets is $5,000,000, paid in 2,906,977 common stock Boumarang stock (“Shares”).

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Source: SEC EDGAR

accession 0001683168-25-000733

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