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Form 8-K - Material Definitive Agreement
On 22-Jul-2025 Where Food Comes From, Inc. (WFCF) signed a Redemption and Purchase Agreement with Progressive Beef, LLC. Progressive Beef redeemed WFCF’s 10 % membership interest, effective 30-Jun-2025, for approximately $1.8 million in cash and the surrender of 12,585 WFCF common shares.
WFCF originally purchased the stake on 9-Aug-2018 for about $1.0 million, funded with cash and stock, and has since received over $1.6 million in dividends. The exit therefore converts the investment into cash at a premium to original cost and marginally reduces shares outstanding. The agreement contains customary representations and warranties; the full contract is filed as Exhibit 2.1. No additional financial statements or guidance were provided.
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