secwatch.observer — SEC 8-K summary
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Issuer:     SUPA Consolidated Inc. (SFCX)
CIK:        0001624985
Form:       8-K
Filed at:   2025-02-07T23:59:59+00:00
Accession:  0001683168-25-000812
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 5.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

CEO sells 50% stake to Spark Capital; Grimes, board, CTO resign
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624985/000168316825000812/0001683168-25-000812-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624985/000168316825000812/tribal_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-000812

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer