STOCK TITAN

Sow Good to acquire 99.97% of Uranex, Magnis

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Sow Good Inc. (SOWG) reported that its wholly owned subsidiary, SOWG Tanzania Inc., entered into a Deed of Amendment to a previously announced Share Purchase Agreement dated April 20, 2026, with several sellers including Ryzon Materials Limited, Uranex Tanzania Limited, Magnis Technologies (Tanzania) Limited, and Uranex ESIP Pty Limited.

The amendment restructures the transaction so that SOWG Tanzania Inc. will subscribe for newly issued shares representing 99.97% of the issued share capital of each of Uranex and Magnis Tech, with the sellers retaining 0.03% as bare nominees for Sow Good Inc. The amendment also clarifies the total SPA consideration at AUD$96,413,866.

In connection with this, Sow Good Inc. entered into an Investment and Share Subscription Agreement under which Uranex and Magnis Tech will collectively issue 343,331 Ordinary Shares for a total subscription price of TZS 343,331,000 (approximately $129,559), representing 99.97% of the issued share capital of each company, subject to customary representations, warranties, covenants, and closing conditions.

Positive

  • None.

Negative

  • None.
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.
Consideration under Share Purchase Agreement AUD$96,413,866 Clarified value of the Consideration in the amended Share Purchase Agreement
Ordinary Shares issued 343,331 shares Collectively issued by Uranex and Magnis Tech under the Subscription Agreement
Total subscription price TZS 343,331,000 Aggregate price for 343,331 Ordinary Shares under the Subscription Agreement
Approximate U.S. dollar value $129,559 Approximate dollar equivalent of the TZS 343,331,000 subscription price
Equity interest acquired 99.97% Issued share capital of each of Uranex and Magnis Tech to be held by SOWG Tanzania Inc.
Equity interest retained as nominees 0.03% Issued share capital of Uranex and Magnis Tech retained by the sellers as bare nominees
Deed of Amendment to Share Purchase Agreement regulatory
"entered into the Deed of Amendment to Share Purchase Agreement"
Consideration financial
"clarifies the value of the Consideration to be received under the SPA"
Investment and Share Subscription Agreement financial
"entered into an Investment and Share Subscription Agreement"
bare nominees regulatory
"with the Sellers retaining the remaining 0.03% as bare nominees"
representations and warranties regulatory
"contains a number of representations and warranties made by the Company"
Representations and warranties are statements one party makes to another in a legal agreement about facts or conditions that are true at signing or will be true in the future, like ownership, financial statements, or regulatory compliance. They matter to investors because they set the factual baseline for a deal—like guarantees in a car sale—and create legal remedies or payment adjustments if those statements turn out to be false, affecting value and risk.

FAQ

What transaction did Sow Good Inc. (SOWG) announce involving Uranex and Magnis Tech?

Sow Good Inc. announced an amended structure under which its subsidiary, SOWG Tanzania Inc., will subscribe for newly issued shares representing 99.97% of the issued share capital of Uranex Tanzania Limited and Magnis Technologies (Tanzania) Limited, with the sellers retaining 0.03% as bare nominees.

What is the clarified consideration amount in Sow Good Inc. (SOWG)'s amended Share Purchase Agreement?

The amendment clarifies that the value of the Consideration under the Share Purchase Agreement is AUD$96,413,866. This amount reflects the agreed consideration associated with the restructured acquisition of interests in Uranex Tanzania Limited and Magnis Technologies (Tanzania) Limited.

How many shares will be issued under Sow Good Inc. (SOWG)'s Subscription Agreement and at what price?

Under the Investment and Share Subscription Agreement, Uranex and Magnis Tech will collectively issue 343,331 Ordinary Shares at a total subscription price of TZS 343,331,000, which is approximately $129,559, representing 99.97% of the issued share capital of each company.

What ownership stake will Sow Good Inc. (SOWG) hold in Uranex and Magnis Tech after the transaction?

Through SOWG Tanzania Inc. and the subscription for newly issued shares, Sow Good Inc. will hold 99.97% of the issued share capital of each of Uranex and Magnis Tech, while the sellers will retain 0.03% as bare nominees for Sow Good Inc.

What types of provisions are included in Sow Good Inc. (SOWG)'s Subscription Agreement?

The Investment and Share Subscription Agreement includes representations and warranties by Sow Good Inc., Uranex, and Magnis Tech, along with customary covenants and conditions to closing, some of which are subject to specified exceptions and materiality or knowledge qualifications.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates
false 0001490161 0001490161 2026-08-21 2026-08-21 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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): August 21, 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.

 

Amendment to Share Purchase Agreement

 

On August 21, 2026, SOWG Tanzania Inc., a Delaware corporation and wholly owned subsidiary of Sow Good Inc. (the “Company”), and the Company entered into the Deed of Amendment to Share Purchase Agreement (the “Amendment”) with Ryzon Materials Limited, an Australian unlisted public company (“Ryzon”), Uranex Tanzania Limited (“Uranex”), Magnis Technologies (Tanzania) Limited (“Magnis Tech”), and Uranex ESIP Pty Limited (“Uranex ESIP” and, together with Ryzon, Uranex and Magnis Tech, the “Sellers”) to the previously announced Share Purchase Agreement (the “SPA”), dated April 20, 2026. The Amendment restructures the transaction to provide for SOWG Tanzania Inc. subscribing for newly issued shares representing 99.97% of the issued share capital of each of Uranex and Magnis Tech directly pursuant to the Investment and Share Subscription Agreement described below, with the Sellers retaining the remaining 0.03% as bare nominees for the Company. In addition, the Amendment, among other things, clarifies the value of the Consideration (as defined in the SPA) to be received under the SPA as AUD$96,413,866.

 

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Subscription Agreement

 

In connection with the Amendment, August 21, 2026, the Company entered into an Investment and Share Subscription Agreement (the “Subscription Agreement”) with the Sellers. Pursuant to the Subscription Agreement, Uranex and Magnis Tech will collectively issue 343,331 Ordinary Shares at a total subscription price of TZS 343,331,000 (approximately $129,559) representing 99.97% of the issued share capital of each of Uranex and Magnis Tech. The Subscription Agreement contains a number of representations and warranties made by the Company, Uranex, and Magnis Tech solely for the benefit of the parties, which in certain cases are subject to specified exceptions and materiality, knowledge and other qualifications contained in the Subscription Agreement. The Subscription Agreement also contains certain customary covenants and conditions to closing.

 

The foregoing description of the Subscription Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 9.01Financial Statements and Exhibits

 

Exhibit No.   Description
2.1   Deed of Amendment to Share Purchase Agreement
10.1   Investment and Share Subscription Agreement
104   Cover Page Interactive Data File (embedded within the Inline XBRL document

 

1

 

 

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.

 

  SOW GOOD INC.
     
Date: August 27, 2026 By: /s/ Yisroel Goldberg
    Yisroel Goldberg
   

Chief Executive Officer

 

2

Filing Exhibits & Attachments

5 documents