Sentient Brands sets earnout-based Wyoming Bears share deal

Sentient Brands Holdings Inc. has amended its disclosure to describe a new Share Exchange Agreement involving its 51%-owned subsidiary, Wyoming Bears, Inc., and the subsidiary’s minority shareholders.

Rhea-AI Filing Summary

Sentient Brands Holdings Inc. has amended its disclosure to describe a new Share Exchange Agreement involving its 51%-owned subsidiary, Wyoming Bears, Inc., and the subsidiary’s minority shareholders. Under this agreement, Wyoming Bears will acquire inventory, machinery, receivables, licensing rights, brands, and other tangible and intangible assets from these minority holders in exchange for Acquisition Credits.

The Acquisition Credits will later be exchangeable into shares of Sentient Brands common stock under an earnout schedule tied to revenue growth, EBITDA, or appraised asset value, calculated on a 70% performance basis and adjusted for Sentient Brands’ 51% ownership in Wyoming Bears. The parties also agreed to mutual rights of first refusal on minority equity stakes after the 18th month of the program, with potential buyouts priced at 0.7x revenue before 60 months and 1.25x revenue thereafter. The agreement includes customary securities-law compliance, indemnification, and lock-up and leak-out restrictions.

Insights

Equity & M&A Structuring Analyst

Sentient Brands structures an earnout-based share exchange around its Wyoming Bears unit.

Sentient Brands Holdings Inc. is using a Share Exchange Agreement to consolidate additional assets and rights linked to its 51%-owned subsidiary, Wyoming Bears, Inc. The subsidiary will acquire inventory, machinery, receivables, licensing rights, brands, and other assets from minority shareholders, while Sentient Brands issues Acquisition Credits that can later convert into its common stock. This ties equity issuance to future performance rather than an immediate fixed purchase price.

The earnout schedule is based on annual revenue growth, EBITDA, or appraised asset value, calculated on a 70% performance basis and adjusted to reflect Sentient Brands’ 51% ownership in Wyoming Bears. That framework links consideration directly to how the acquired assets perform and how value is shared between majority and minority owners. Mutual rights of first refusal after the 18th month, with buyout multiples of 0.7x revenue before 60 months and 1.25x revenue thereafter, help define potential future liquidity and valuation paths for minority stakes.

Customary covenants around U.S. securities law compliance, investment intent, indemnification, and lock-up/leak-out terms are designed to manage legal and trading dynamics around any share issuances. The actual impact on existing shareholders will depend on the scale of assets transferred, the performance metrics achieved under the earnout, and how many Acquisition Credits ultimately convert into shares, details that are not quantified in this summary.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Sentient Brands Holdings Inc. (SNBH) disclose in this 8-K/A?

Sentient Brands Holdings Inc. disclosed a Share Exchange Agreement under which its 51%-owned subsidiary, Wyoming Bears, Inc., will acquire inventory, machinery, receivables, licensing rights, brands, and other assets from the subsidiary’s minority shareholders in exchange for Acquisition Credits ultimately convertible into shares of Sentient Brands common stock.

How is consideration structured in the Sentient Brands (SNBH) and Wyoming Bears share exchange?

Consideration is structured as Acquisition Credits issued by Sentient Brands to the minority sellers. These credits are governed by an earnout schedule tied to annual revenue growth, EBITDA, or appraised asset value, calculated on a 70% performance basis and adjusted for Sentient Brands’ 51% ownership in Wyoming Bears, and may later be exchanged for Sentient Brands common stock.

What is Wyoming Bears, Inc. and what does it do for Sentient Brands (SNBH)?

Wyoming Bears, Inc. is a Nevada-based specialized brand manager and distributor of food, beverage, first aid, and pet care products, operating in more than 22 countries. It is the exclusive worldwide distributor (excluding the U.S.) for the Original New York Seltzer brand and distributes into major international retail chains.

Are there any rights of first refusal or buyout terms in the Sentient Brands (SNBH) deal?

Yes. Sentient Brands and the minority shareholders agreed to mutual rights of first refusal on minority equity positions in Wyoming Bears, exercisable after the 18th month of the acquisition program. Buyout pricing is set at a 0.7x revenue multiple before 60 months and a 1.25x revenue multiple thereafter, prorated to each minority holder’s ownership interest.

What lock-up or securities law provisions apply to the Sentient Brands (SNBH) Acquisition Credits?

The agreement includes customary provisions for U.S. securities law compliance, investment intent certifications, indemnification, and lock-up and leak-out restrictions. Acquisition Credits may be converted into Sentient Brands common stock following applicable holding periods and are subject to Lock-Up Agreements.

Does this Sentient Brands (SNBH) agreement immediately issue common shares?

The structure provides for Acquisition Credits that may later be exchanged for Sentient Brands common stock in line with the earnout schedule and applicable holding periods. The summary describes a performance-based path to future share issuance rather than an immediate fixed share issuance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/02/2025 - 09:03 PM Learn about SEC filing dates

true Explanatory Note This Form 8-K reports the execution of a Share Exchange Agreement between Sentient Brands Holdings Inc. and Wyoming Bears, Inc. 0001358633 0001358633 2024-09-03 2024-09-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

(Amendment No. 6)

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 3, 2024

SENTIENT BRANDS HOLDINGS INC.

(Exact name of registrant as specified in its charter)

 (Former Name of Registrant)

Nevada		001-34861		86-3765910
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification Number)

110 East 59th Str. 22nd Floor

New York, New York 10022

(Address of principal executive offices) (zip code)

646-202-2897

(Registrant’s telephone number, including area code)

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 (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 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:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None	N/A	N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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

This Form 8-K reports the execution of a Share Exchange Agreement between Sentient Brands Holdings Inc. and Wyoming Bears, Inc.

Item 1.01 Entry Into A Material Definitive Agreement

On September 30, 2025, Sentient Brands Holdings Inc. (“SNBH”), through its 51%-owned subsidiary Wyoming Bears, Inc. (“Subsidiary”), entered into a Share Exchange Agreement (the “Agreement”) with the minority shareholders of the Subsidiary (collectively, the “Sellers”) who own and control several assets and lines of business of interest to the Company, pursuant to which Subsidiary will acquire many of those assets and rights of Sellers in exchange for acquisition credits, to be ultimately paid by the exchange of those credits for shares of common stock of SNBH (the “Acquisition Credits”). These Acquisition Credits will be issued by SNBH to Sellers and/or their designees (“Shareholders”) in accordance with an Earnout Schedule (as defined below) set forth in the Exchange Agreement (the “Exchange Agreement”).

Pursuant to the Agreement, the Subsidiary will acquire certain rights and assets of the Sellers, including inventory, machinery, receivables, licensing rights, brands, and other tangible and intangible assets, in exchange for Acquisition Credits, ultimately convertible into shares of SNBH common stock. The consideration structure is based on an Earnout Schedule tied to (i) annual revenue growth, (ii) EBITDA, or (iii) appraised asset value, calculated on a 70% performance basis and adjusted by SNBH’s 51% ownership interest in the Subsidiary. Acquisition Credits issued under this structure may be converted into shares of SNBH common stock following applicable holding periods and subject to Lock-Up Agreements.

Wyoming Bears, Inc., a Nevada-based Company, is a specialized brand manager and distributor of food, beverage, first aid, and pet care products, with a sales force and operations reaching over 22 countries, including the US, Canada, Mexico, Europe, South Korea, and the Asia Pacific Region. The Company is the exclusive worldwide distributor (with the exception of the US) for the Original New York Seltzer® brand, among many others, and provides distribution into some of the largest retail chains internationally.

The Sellers and SNBH have also agreed to mutual rights of first refusal with respect to the minority equity positions in the Subsidiary, exercisable after the 18th month of the acquisition program. Buyout pricing will be determined at 0.7x revenue multiples prior to 60 months and 1.25x revenue multiples thereafter, prorated to the ownership interest of the minority shareholders.

The Agreement contains customary representations, warranties, covenants, and conditions for a transaction of this type, including compliance with U.S. securities laws, investment intent certifications, indemnification provisions, and lock-up/leak-out restrictions.

The foregoing information is a summary of each of the agreements involved in the transactions described above, is not complete, and is qualified in its entirety by reference to the full text of those agreements, each of which is attached an exhibit to this Current Report on Form 8-K. Readers should review those agreements for a complete understanding of the terms and conditions associated with this transaction.

The representations, warranties, and covenants contained in the Exchange Agreement were made only for purposes of such agreement and as of specific dates, were solely for the benefit of the parties to the Exchange Agreement, and may be subject to limitations agreed upon by the contracting parties. Accordingly, the Exchange Agreement is incorporated herein by reference only to provide investors with information regarding the terms of the Exchange Agreement, and not to provide investors with any other factual information regarding the Company, or either of their businesses, and should be read in conjunction with the disclosures in the Company’s periodic reports and other filings with the Securities and Exchange Commission.

Forward-Looking Statements

This Form 8-K/A includes forward-looking statements that involve risks and uncertainties. Forward-looking Statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. These forward-looking statements and factors that may cause such differences include, without limitation, the risks and uncertainties indicated from time to time in the Company’s filings with the SEC. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events conditions or circumstances on which any statement is based.

Item 9.01 Financial Statements and Exhibits

Exhibit Number		Description
10.18		Share Exchange Agreement dated September 30, 2025, by and among Sentient Brands Holdings Inc., Wyoming Bears, Inc., and the minority shareholders of Wyoming Bears, Inc.

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.

	SENTIENT BRANDS HOLDINGS INC.
Date: October 02, 2025	By:	/s/ George Furlan
		George Furlan
		Chief Executive Officer