Highest-materiality recent filing
Accredited Solutions rescinds $3M Globetopper acquisition after default
Mutual rescission of October 2024 Purchase Agreement for Globetopper LLC for $3M.
ASII acquires 100% of Globetopper, LLC for $3M in secured notes and preferred stock
ASII to pay $3M via secured promissory note: $1M cash, 1,000 Series B Preferred shares ($1M), and $1M follow-on note.
Agreements with 100% of variable price conversion holders for 60-day lock-up (Sept 16 – Nov 15, 2024) and 6-month leak-out (Nov 15, 2024 – May 15, 2025).
ASII executes non-binding IOI to acquire e-gift card distributor Globetopper for $3M
Globetopper reported $33.7M unaudited 2023 sales; projected $42.5M 2024 revenue run-rate with net income.
Accredited Solutions signs non-binding IOI to acquire Globetopper
Globetopper, a B2B e-gift card distributor, reported $33.7M (unaudited) 2023 sales and projected 2024 revenue run-rate of $42.5M (unaudited) with anticipated profit.
Accredited Solutions hires Ben Farzam as CEO of to-be-formed subsidiary
Employment agreement with Ben Farzam for six-month term, monthly salary $5,000.
Accredited Solutions adopts 5-year strategic plan targeting $750M annual revenue
Board approved 5-Year Plan on Aug 16, 2024 to achieve $750M in annual revenues.
Accredited Solutions reports change in control, debt exchanges, and new preferred stock series
Alexander Haase acquired all Series A Preferred shares from William Alessi, gaining 66.67% voting control of the company.
Accredited Solutions rescinds Petro X merger; Alessi gains control; Brito new CEO
Rescission of Merger Agreement with Petro X effective June 1, 2023; all ASII shares issued cancelled, PXS shares returned.
Accredited Solutions dismisses Boyle CPA as auditor, appoints Victor Mokuolu CPA PLLC
Dismissed Boyle CPA on Nov 7, 2022; no disagreements on accounting principles or audit scope.
Three insider exchange agreements: Deneault (5,500 preferred), Newlan (5,500), Sluss (2,000) for 33,166,670 common shares cancelled.
Standby Equity Commitment Agreement with MacRab LLC for up to $5M over 24 months; shares sold at 88% of VWAP over 6 trading days post-put notice.
Issued 9% convertible promissory note for $129,250 (net $125K) to 1800 Diagonal Lending, convertible at 65% of market price after 180 days.
Accredited Solutions (GHMP) announces resignation of CEO and COO, appoints interim CEO
CEO Ron Sickels and COO Mark Riley resigned July 24-25, 2022, neither citing disagreements.
Accredited Solutions (fka Good Hemp) changes name and boosts authorized shares to 750M
Company changed its name from Good Hemp, Inc. to Accredited Solutions, Inc. effective July 12, 2022.
Good Hemp shareholders approve name change to Accredited Solutions and 5x share increase
53.55% of outstanding shares consented to name change from Good Hemp to Accredited Solutions.
Good Hemp closes merger with Petro X Solutions; issues 20M shares, new board and officers
Completed acquisition of Petro X Solutions; PXS becomes wholly-owned subsidiary.
Good Hemp agrees to acquire Restoration Artechs for 25M shares, ~16.5% post-merger stake
Restoration Artechs to become wholly-owned subsidiary; 25,000,000 shares of Good Hemp common stock issued as consideration.
Good Hemp signs merger with Petro X Solutions; issues 100M shares (80% of post-merger equity)
Merger with Petro X Solutions: wholly-ownedsubsidiary merges into PXS, PXS becomes Good Hemp subsidiary.
Good Hemp removes CEO Harry Timmons and both COOs effective immediately
Board removed CEO Harry Timmons effective January 13, 2022.
Good Hemp appoints Daniel Sobolewski and Donald Keer as Co-Chief Operating Officers
Daniel Sobolewski appointed Co-COO; has 20+ years in M&A; no compensation arrangement yet.
Good Hemp CEO William Alessi resigns; Harry Timmons appointed as CEO
William Alessi resigned as CEO on December 10, 2021; no disagreement cited.
Good Hemp issues $87,500 convertible note to Sixth Street Lending
Net proceeds $85,000 after $2,000 legal fees and $500 due diligence.
Good Hemp issues $275K promissory note and warrants to Jefferson Street Capital; net $230K
Issue of $275,000 promissory note (matures Aug 20, 2022), 10% interest; funded Oct 14, 2021 for net $230,000 after $25K OID and $20K expenses.
Good Hemp enters $250K note with Geneva Roth; receives $225K net after OID and fees
Promissory note principal $250,375; 10% interest; matures Aug 13, 2022; 10 monthly payments of $27,541.
Good Hemp terminates letter of intent to acquire Sacred Leaf Entities
Terminated non-binding LOI dated June 10, 2021 to acquire SL Zero, LLC and other Sacred Leaf Entities.
Fabian G. Deneault (“Deneault”), William E. Sluss (“Sluss”) and Eric Newlan (“Newlan”) resigned as members of the Board of Directors of the Company.
Eduardo A. Brito was appointed as a Director of the Company.
Mr. Brito was appointed as President, Chief Executive Officer and Secretary of the Company.
Fabian G. Deneault (“Deneault”), William E. Sluss (“Sluss”) and Eric Newlan (“Newlan”) resigned as members of the Board of Directors of the Company.
Fabian G. Deneault (“Deneault”), William E. Sluss (“Sluss”) and Eric Newlan (“Newlan”) resigned as members of the Board of Directors of the Company.
Douglas V. Martin (“Martin”) resigned as the Company’s Interim CEO.
Effective July 25, 2022, Mr. Riley resigned as a member of the Board of Directors and as Chief Operating Officer of the Company to pursue other interests.
On July 26, 2022, Douglas V. Martin was appointed as Interim Chief Executive Officer of the Company.
Effective July 25, 2022, Mr. Riley resigned as a member of the Board of Directors and as Chief Operating Officer of the Company to pursue other interests.
William E. Sluss became a member of the Board of Directors and was appointed Chief Operating Officer of the Company on May 11, 2022.
Ron F. Sickels became a member of the Board of Directors and was appointed Chief Executive Officer of the Company on May 11, 2022.
William Alessi and Chris Chumas resigned from all director and officer positions with the Company
Max materiality 0.90 · Median 0.55 · Most common event other_material