Solo Brands sells TerraFlame business back to original owners, net cash outflow of $2.5M

Solo Brands, Inc.

Sold 100% of TerraFlame subsidiaries' equity to original sellers; retains TerraFlame trademarks and IP.
Entered supply agreement; Buyers will continue producing TerraFlame products for exclusive distribution by Solo Brands.
Net cash payment of $2.5M from Seller to Buyers; included settlement of contingent consideration and termination of employment agreements.
Pro forma: Q1 2025 net loss attributable to Solo Brands improves by $0.2M; FY2024 net loss improves by $0.8M.
TerraFlame acquisition reversed two years after purchase; stock delisted from NYSE, trades OTC under DTCB.

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