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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): April 7, 2026
Sow Good Inc.
(Exact
name of Registrant as Specified in Its Charter)
| Delaware | |
001-42037 | |
27-2345075 |
(State or Other Jurisdiction
of Incorporation) | |
(Commission
File Number) | |
(IRS Employer
Identification No.) |
Sow
Good Inc.
1440 N Union Bower Rd
Irving,
TX 7506
(Address
of principal executive offices, including Zip Code)
Registrant’s
telephone number, including area code: (214)
623-6055
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 (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 240.13(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 |
| Common Stock, par value $0.001 per share |
|
SOWG |
|
The
Nasdaq Capital Market |
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. ☐
| Item 1.01 | Entry into a Material Definitive Agreement. |
On April 13, 2026, Sow Good
Inc. (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with Craft Capital Management, LLC,
as sales agent (the “Sales Agent”), pursuant to which the Company may offer and sell from time to time, at its option through
the Sales Agent, shares of the Company’s common stock, $0.001 par value per share (the “Shares”), having an aggregate
offering price of up to $100 million. The issuance and sale, if any, of shares of the Company’s common stock under the Sales Agreement
will be made pursuant to the Company’s registration statement on Form S-3 (File No. 333- 294799), which became effective on April
9, 2025, and the related prospectus supplement dated April 13, 2026 (the “Prospectus Supplement”), in each case filed with
the U.S. Securities and Exchange Commission (the “SEC”).
The sale, if any, of Shares
under the Sales Agreement will be made by any method permitted that is deemed to be an “at the market offering” as defined
in Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended (the “Securities Act”), including sales made directly
on The Nasdaq Capital Market or any other trading market for the Company’s common stock. Subject to the terms and conditions of
the Sales Agreement, the Sales Agent will use their commercially reasonable efforts to sell the Shares, based upon the Company’s
instructions. The Company is not obligated to sell any Shares under the Sales Agreement. The Company or the Sales Agent may at any time
suspend or terminate the offering of the Shares upon notice to the other party and subject to other conditions.
The compensation payable
to the Sales Agent as sales agent shall be up to 3.0% of the gross sales price of the Shares sold through the sales agent pursuant to
the Sales Agreement. In addition, the Company will reimburse the Sales Agent for certain expenses incurred in connection with the Sales
Agreement, and the Company has agreed in the Sales Agreement to provide indemnification and contribution to the Sales Agent against certain
liabilities, including liabilities under the Securities Act or the Securities Exchange Act of 1934, as amended. The Company also made
certain customary representations, warranties and covenants concerning the Company and the Shares in the Sales Agreement.
The Sales Agreement is attached
to this Current Report on Form 8-K as Exhibit 1.1 and is incorporated herein by reference. The foregoing description of the material terms
of the Sales Agreement does not purport to be complete and is qualified in its entirety by reference to the exhibit attached hereto.
The representations, warranties
and covenants contained in the Sales Agreement were made solely for the benefit of the parties to the Sales Agreement, and may be subject
to limitations agreed upon by the contracting parties. Accordingly, the Sales Agreement is incorporated herein by reference only to provide
investors with information regarding the terms of the Sales Agreement and not to provide investors with any other factual information
regarding the Company or its business, and should be read in conjunction with the disclosures in the Company’s periodic reports
and other filings with the SEC.
A copy of the legal opinion
of White & Case LLP relating to the shares of common stock being offered pursuant to the Sales Agreement is filed as Exhibit 5.1 to
this Current Report on Form 8-K.
This Current Report on Form
8-K shall not constitute an offer to sell or the solicitation of an offer to buy the shares of common stock discussed herein, nor shall
there be any offer, solicitation, or sale of the shares of common stock in any state or other jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
| Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing
Rule or Standard; Transfer of Listing. |
On April 7, 2026, the
Company received written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Capital Market
(“Nasdaq”) stating that, based upon the stockholders’ equity reported by the Company in its Form 10-K for the
period ended December 31, 2025, the Company was no longer in compliance with Nasdaq Listing Rule 5550(b)(1), which requires a
company to maintain a minimum of $2,500,000 in stockholders’ equity.
In accordance with the Nasdaq Listing Rules, the
Company has 45 calendar days, or until May 22, 2026, to submit a plan to regain compliance. If the Company’s plan is accepted, Nasdaq
may grant the Company an extension of up to 180 calendar days from the date of the Notice, or until October 4, 2026, to evidence compliance.
If the Company’s plan
to regain compliance with the minimum stockholders’ equity standard is not accepted or if it is accepted but the Company does not
regain compliance by the end of the extension granted by Nasdaq, or if the Company fails to satisfy another Nasdaq requirement for continued
listing, Nasdaq staff could provide notice that the Company’s common shares will become subject to delisting. In such event, Nasdaq
rules permit the Company to request a hearing to appeal to a Nasdaq hearings panel, which would stay any further delisting actions through
the hearings process. Accordingly, there can be no guarantee that the Company will be able to maintain its Nasdaq listing.
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit No. |
|
Description |
| 1.1 † |
|
Sales Agreement, dated April 13, 2026, by and between Sow Good Inc. and Craft Capital Management, LLC. |
| 5.1 |
|
Opinion of White & Case LLP. |
| 23.1 |
|
Consent of White & Case LLP (contained in Exhibit 5.1). |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
| † | Certain of the schedules to this
Exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The Registrant agrees to furnish a copy of all omitted schedules
to the SEC upon its request. |
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.
| Date: April 13, 2026 |
SOW
GOOD INC. |
| |
|
|
| |
By: |
/s/
Yisroel Goldberg |
| |
|
Yisroel Goldberg |
| |
|
Chief
Executive Officer |
