Sow Good to acquire Nachu Graphite Project for AUD 150M in stock, becoming critical minerals developer

Sow Good Inc.

Consideration AUD 150M (~US$107M) paid in ~334M shares (pre-split) or ~22.3M post-15:1 reverse split.
Closing conditions include stockholder approval, Tanzanian regulatory approvals, and Nasdaq listing; Sunset Date Oct 15, 2026.
Nachu Project is an advanced-stage graphite deposit in Tanzania with JORC feasibility study and binding offtake with U.S. Tier-1 EV/ESS manufacturer.
AUD 15M in escrow shares held back via CVRs for 12-18 months; break fee of AUD 7.5M if Ryzon breaches.
Sow Good will keep consumer treats segment as separate division; no cash consideration, all stock.

Key facts

Extracted from this filing and checked against the source text.

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

Sow Good Inc. entered into Share Purchase Agreement with Ryzon Materials Limited, Uranex Tanzania Limited, Magnis Technologies (Tanzania) Limited, Uranex ESIP Pty Limited valued at AUD$150,000,000 (approximately US$107 million) (effective 2026-04-20).

Action: entry
Agreement: merger
Counterparty: Ryzon Materials Limited, Uranex Tanzania Limited, Magnis Technologies (Tanzania) Limited, Uranex ESIP Pty Limited
Value: AUD$150,000,000 (approximately US$107 million)
Effective: 2026-04-20

Exact text from the filing

On April 20, 2026, SOWG Tanzania Inc., a Delaware corporation and wholly owned subsidiary of Sow Good Inc., a Delaware corporation (the “Company” and, together with SOWG Tanzania, Inc., the “Buyer”), and the Company entered into a share purchase agreement (the “Share Purchase Agreement”) with Ryzon Materials Limited, an Australian unlisted public company (“Ryzon”), Uranex Tanzania Limited (“Uranex”), Magnis Technologies (Tanzania) Limited (“Magnis Tech”), and Uranex ESIP Pty Limited (“Uranex ESIP” and, together with Ryzon, Uranex and Magnis Tech, the “Sellers”), pursuant to which the Company agreed to acquire 100% of the issued and outstanding shares (the “Acquisition”) of Uranex and Magnis Tech, each a wholly owned Tanzanian subsidiary of Ryzon (collectively, the “Targets”).

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Source: SEC EDGAR

accession 0001829126-26-003683

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