AMERIGUARD SECURITY SERVICES, INC. (AGSS): M&A transaction — Ameriguard acquires TransportUS in related-party stock deal; TUS had $4.3M revenue in 2022

AMERIGUARD SECURITY SERVICES, INC.

Acquired all TUS equity from CEO Lawrence Garcia for 3M shares (3.11% post-issuance); 1.5M shares issued Dec 8, 2023.
TUS audited 2022 revenue $4.3M, net income $35,539; unaudited 9-month 2023 revenue $3.13M, net income $95,163.
TUS sole revenue source is VA Long Beach contract (renewed to March 2024); $887K deferred liability remains.
Related party transaction: Garcia was sole TUS shareholder and AGSS CEO; board deemed terms arm's-length.
TUS had $523K cash, $1.34M total assets, $378K equity as of Dec 31, 2022.

item 1.01 item 2.01 item 9.01

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

AMERIGUARD SECURITY SERVICES, INC. completed an acquisition involving TransportUS, Inc. (closed 2023-12-08).

Action: acquisition
Counterparty: TransportUS, Inc.
Closing: 2023-12-08

Exact text from the filing

On December 8, 2023, AGSS completed the acquisition of the outstanding equity of TUS, pursuant to the terms of the share exchange agreement, dated October 20, 2023.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AMERIGUARD SECURITY SERVICES, INC. entered into share purchase agreement with TransportUS, Inc. valued at 3,000,000 shares of Common Stock (effective 2023-10-20).

Action: entry
Agreement: asset purchase
Counterparty: TransportUS, Inc.
Value: 3,000,000 shares of Common Stock
Effective: 2023-10-20

Exact text from the filing

On October 20, 2023, Ameriguard Security Services Inc. (“AGSS”) entered a share purchase agreement to TransportUS, Inc. (“TUS”), a privately held California corporation.

View on SEC.gov

31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

AMERIGUARD SECURITY SERVICES, INC. filing history →

Source: SEC EDGAR

accession 0001829126-23-007982

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