8-K
filed February 7, 2025, 6:59 PM ET
ticker SFCX
CIK 0001624985
other material
confidence high
sentiment negative
materiality 0.85
SUPA Consolidated Inc. (SFCX): M&A transaction — CEO sells 50% stake to Spark Capital; Grimes, board, CTO resign
SUPA Consolidated Inc.
- CEO Joseph Grimes sold 20M shares (~50% of outstanding) to Spark Capital Investments, LLC on Feb 3, 2025.
- Grimes resigned as CEO effective Feb 3, 2025.
- On Feb 6, 2025, Grimes, Sanjay Prasad, and Steven Ritacco resigned from the board.
- Ritacco also resigned as Chief Technology Officer.
- No successor appointments announced; control of company transferred to Spark Capital.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Steven Ritacco resigned as Chief Technology Officer at SUPA Consolidated Inc..
- Action
- resigned
- Role
- Chief Technology Officer
Exact text from the filing
Mr. Ritacco also resigned as Chief Technology Officer of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sanjay Prasad resigned as Director at SUPA Consolidated Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On February 6, 2025, Mr. Joseph Grimes, Mr. Sanjay Prasad and Mr. Steven Ritacco, each resigned from the Board of Directors of TRIBAL RIDES INTERNATIONAL CORP.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph Grimes resigned as Director at SUPA Consolidated Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On February 6, 2025, Mr. Joseph Grimes, Mr. Sanjay Prasad and Mr. Steven Ritacco, each resigned from the Board of Directors of TRIBAL RIDES INTERNATIONAL CORP.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph Grimes resigned as Chief Executive Officer at SUPA Consolidated Inc..
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
In connection with the Transaction Mr. Grimes also resigned as Chief Executive Officer of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Steven Ritacco resigned as Director at SUPA Consolidated Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On February 6, 2025, Mr. Joseph Grimes, Mr. Sanjay Prasad and Mr. Steven Ritacco, each resigned from the Board of Directors of TRIBAL RIDES INTERNATIONAL CORP.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
SUPA Consolidated Inc. underwent a change of control involving Spark Capital Investments, LLC (closed 2025-02-03).
- Action
- change of control
- Counterparty
- Spark Capital Investments, LLC
- Closing
- 2025-02-03
Exact text from the filing
On February 3, 2025, Mr. Joseph Grimes, Chief Executive Officer and Board Member effected a transaction (the “Transaction”) in which Mr. Grimes sold 20,000,000 shares of stock of TRIBAL RIDES INTERNATIONAL CORP., 26060 Acero, Mission Viejo, CA, 92691, a Nevada Corporation (the "Company"), representing approximately 50% of all issued and outstanding shares of the Company, to Spark Capital Investments, LLC.
View on SEC.gov
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