![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Resonate Blends Inc (PK) | USOTC:KOAN | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.02 | 0.021 | 0.0427 | 1 | 21:01:07 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) |
(I.R.S. Employer Identification No.) |
| ||
(Address of principal executive offices) | (Zip Code) |
Registrant’s
telephone number, including area code:
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425) | |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: None
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
As previously disclosed, on June 20, 2023, Resonate Blends, Inc. (referred to as “Parent” herein) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Pegasus Specialty Vehicles, LLC, an Ohio limited liability company (the “Company”), and Pegasus Specialty Holdings LLC, an Ohio limited liability company and wholly-owned subsidiary of Parent (“Merger Sub”). The Merger Agreement provides that at the closing, subject to the terms and conditions set forth in the Merger Agreement, Merger Sub will merge with and into the Company (the “Merger”), with the Company surviving the Merger as a wholly-owned subsidiary of Parent.
On December 7, 2032, the Company issued a notice of termination to Parent (the “Notice of Termination”) notifying Parent that the Company terminated the Merger Agreement.
While Parent disagrees with the substantive allegations presented in the Notice of Termination and cause for unilateral termination, Parent and the Company are in active negotiations to try and reach an amicable resolution.
A copy of the Notice of Termination is filed as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) | Exhibits |
Exhibit No. | Description | |
99.1 | Notice of Termination, dated December 7, 2023 | |
104 | Cover Page Interactive Data (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Resonate Blends
/s/ Geoffrey Selzer | |
Geoffrey Selzer | |
Chief Executive Officer | |
Date: December 13, 2023 |
Exhibit 99.1
December 7, 2023
Mr. Geoff Selzer
Chief Executive Officer Resonate Blends, Inc. 26565 Agoura Road
Suite 200
Calabasas, CA 91302
Definitive Agreement Dated June 20, 2023
Termination Notice
Dear Mr. Selzer:
We regret to inform you that Pegasus Specialty Vehicles, LLC (“Pegasus”) is submitting this Termination Notice to Resonate Blends, Inc. (“Resonate”) to immediately terminate the Definitive Agreement (the “Agreement”) signed between both parties on June 20, 2023. Each of the foregoing parties shall be referred to herein as “Party” and collectively as the “Parties.”
The reason for the termination of the Agreement dated on June 20, 2023, is as follows:
● | On June 19, 2023, the Parties signed a ‘60-day Note’ with 622 Capital, LLC for a $500,000 (USO) investment into Pegasus. |
● | The Executed ‘60-day Note’ triggered signing of the Agreement, dated June 20, 2023, by both Parties, with Resonate’s commitment to secure $3,000,000 (USO) in new investment capital for Pegasus (as stated in the Agreement). |
● | Resonate was and continues to be unsuccessful in securing the full amount of $3,000,000 (USO) in new capital, but also has been unable to secure the required capital (purpose designated/allocated capital) for Pegasus to fulfill repayment of the ‘60-day Note” with 622 Capital, LLC in the timeframe stipulated in the Note. |
Therefore, we are terminating the Agreement, effective immediately. Please reference the 8-K issued by Resonate on June 23, 2023. lnline XBRL Viewer
Best Regards
Pegasus Specialty Vehicles, LLC
PEGASUS SPECIALTY VEHICLES 211 West Geneva St. Dunkirk, OH 45836
(419)775-4575 www.ndepegasus.net
Cover |
Dec. 07, 2023 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Dec. 07, 2023 |
Entity File Number | 000-21202 |
Entity Registrant Name | Resonate Blends, Inc. |
Entity Central Index Key | 0000897078 |
Entity Tax Identification Number | 58-1588291 |
Entity Incorporation, State or Country Code | NV |
Entity Address, Address Line One | 26565 Agoura Road |
Entity Address, Address Line Two | Suite 200 |
Entity Address, City or Town | Calabasas |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 91302 |
City Area Code | 571 |
Local Phone Number | 888-0009 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
1 Year Resonate Blends (PK) Chart |
1 Month Resonate Blends (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions