UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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FORM
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 6, 2024 (
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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. ☐
Explanatory Note
On September 6, 2024, Accredited Solutions, Inc. a Nevada corporation (the “Company”), filed a Current Report on Form 8-K (the “Form 8-K”) to report its having executed an indication of interest (the “IOI”) with Globetopper. The Form 8-K is being amended to include a copy of the IOI as an exhibit.
Item 8.01 Other Events.
On September 5, 2024, Accredited Solutions, Inc., a Nevada corporation (the “Company”), executed a non-binding Indication of Interest (the “IOI”) with Globetopper, a leading US-based B2B distributor of third third-party e-gift cards that reported $33.7 million (unaudited) in sales in 2023 and has projected a 2024 revenue run-rate of $42.5 million (unaudited) with a resulting anticipated profit on a net income basis. The IOI contemplates a transaction whereby the Company would acquire 100% of Globetopper’s outstanding equity securities. Assuming that both parties to the IOI agree, and assuming the Company is assured of the auditability of Globetopper, the IOI contemplates that a formal agreement would be executed by the parties.
There is no assurance that any definitive agreement will result from the Company’s executing this IOI or that the Company will otherwise benefit from its executing the IOI.
The foregoing description of the IOI is qualified in its entirety by the full text of the IOI, which is filed as Exhibit 10.1 to, and incorporated by reference in, this Current Report.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
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104 |
| Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ACCREDITED SOLUTIONS, INC. | |||
| Date: September 6, 2024 | By: | /s/ Eduardo A. Brito | |
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| Eduardo A. Brito | |
| Chief Executive Officer | |||
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