secwatch.observer — SEC 8-K summary
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Issuer:     Frequency Holdings, Inc (FRQN)
CIK:        0001624517
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001829126-24-002524
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

YCRM subsidiary acquires Singer Networks assets for $121K cash and 750K preferred shares
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- Cash consideration $121,413 paid at closing; proceeds used to retire Singer's line of credit with JPMorgan Chase.
- 750,000 YCRM preferred shares (stated value $1 each) to be issued to Singer within 60 days; restricted for 12 months then convertible to common.
- Singer Networks is an Illinois managed services provider; key employees will be hired by ReachOut and receive incentive preferred shares.
- Total deal value approximately $871,000 based on $1 stated value of preferred shares plus cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624517/000182912624002524/0001829126-24-002524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624517/000182912624002524/yuenglingsice_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-002524

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