secwatch.observer — SEC 8-K summary
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Issuer:     VNUE, Inc. (RDCT)
CIK:        0001376804
Form:       8-K
Filed at:   2022-02-14T23:59:59+00:00
Accession:  0001829126-22-003597
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VNUE acquires Stage It for up to $10M; target has going-concern doubt
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- Merger consideration up to $10M, paid in cash (debt satisfaction) and 135M initial common shares.
- $1M of consideration held back for contingent obligations; earn-out shares up to total consideration based on 18-month EBITDA.
- Stage It's audited FY2020 financials show net loss of $1.63M, accumulated deficit of $10.57M, and negative working capital.
- Acquisition closed Feb 14, 2022; Stage It becomes wholly owned subsidiary.
- Stage It's auditor notes substantial doubt about ability to continue as a going concern.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376804/000182912622003597/0001829126-22-003597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376804/000182912622003597/vnueinc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-22-003597

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