Acquisition, Change in Control and Change in Business Plan
−Removed: Effective March 14, 2024, Geoffrey Selzer, our former Chief Executive Officer and Director, and Jim Morrison, our
−Removed: current President and Director, entered into a Securities Purchase Agreement (the “Control Agreement”), pursuant to which
−Removed: Selzer sold all 2,000,000 outstanding shares of the Company’s Series C Preferred Stock to Mr.
−Removed: Morrison for $10.00 in cash.
−Removed: Morrison now possesses voting control of the Company.
−Removed: Security Ownership of Certain Beneficial Owners and Management
−Removed: and Related Stockholder Matters .
−Removed: Acquisition Transaction .
−Removed: On February 26, 2024, we entered into entered into a Share Exchange Agreement, as amended (the “Exchange
−Removed: Agreement”), with Emergent Health Corp., a publicly-traded (symbol:
−Removed: EMGE) Wyoming corporation (“EMGE”), and the holders
−Removed: (the “EMGE Preferred Shareholders”) of Series Class A Preferred Stock and the Series C Convertible Non-Voting Preferred Stock
−Removed: (collectively, the “EMGE Equity Interests”).
−Removed: March 14, 2024, the parties closed the Exchange Agreement.
−Removed: At the closing of the Exchange Agreement:
−Removed: (a) the EMGE Preferred Shareholders
−Removed: exchanged all of their respective EMGE Equity Interests for an equal number of shares of the Company’s to-be-designated Series
−Removed: F Convertible Preferred Stock that shall convert into 93% of the common stock of the Company on a fully-diluted basis (the “Series
−Removed: F Preferred Stock”), which shares of Series F Preferred Stock are currently issuable to the EMGE Preferred Shareholders and are
−Removed: to be issued upon the Company’s filing of a Certificate of Designation with the State of Nevada;
−Removed: (b) the Company consummated the
−Removed: Conveyance Agreement;
−Removed: and (c) all persons serving as directors and officers of the Company prior to the consummation of the Exchange
−Removed: Agreement resigned and appointed four new members of the Company’s Board of Directors.
−Removed: On March 14, 2024, in conjunction with our acquisition of EMGE, we entered into an Agreement of Conveyance, Transfer
−Removed: and Assignment of Subsidiary (the “Conveyance Agreement”) with two of our then-wholly-owned subsidiaries, Resonate Blends,
−Removed: LLC, a California limited liability company, and Entourage Labs, LLC, a California limited liability company (collectively, Resonate
−Removed: Blends, LLC and Entourage Labs, LLC are referred to as the “Subsidiary”), and our former Chief Executive Officer and Director,
−Removed: Geoffrey Selzer.
−Removed: Pursuant to the Conveyance Agreement, we assigned our ownership in the Subsidiary to Mr.
−Removed: In consideration of
−Removed: our assignment of the Subsidiary, Mr.
−Removed: Selzer (a) assumed and agreed to pay, perform and discharge, fully and completely, all liabilities
−Removed: of the Subsidiary, (b) indemnified us for any loss arising from or in connection with any of such liabilities and (c) agreed to pay us
−Removed: (i) 20% of any proceeds from the sale of the Subsidiary that occurs prior to the one-year anniversary of the Conveyance Agreement and
−Removed: (ii) 10% of any proceeds from the sale of the Subsidiary that occurs after the one-year anniversary and prior to the two-year anniversary
−Removed: of the Conveyance Agreement.
−Removed: Business Plan .
−Removed: The business plan and operations of EMGE now represent the entirety of our company’s business operations.
−Removed: References to “the Company,” “our company,” “ours,” “us,” “we” and similar
−Removed: words are to Resonate Blends, Inc., EMGE and the subsidiaries of EMGE.
−Removed: The information below includes historical information about EMGE.
+Added: as of March 5, 2025, the following has resigned as President /CEO of the Registrant, but shall remain as a member of the Board of Directors.
+Added: Name Position James Morrison Director The Officer resigning has stated in his resignation letter that his resignation as President/CEO
+Added: does not in any way imply or infer that there is any dispute or disagreement relating to the Company’s operations, policies or
+Added: Morrison will remain as member of the Board of Directors.
+Added: as of March 5, 2025, the following individual(s) appointed by the Board of Directors to the positions indicated of the Registrant:
+Added: Age Position James W.
+Added: Zimbler 59 President/CEO and Director Mr.
+Added: Zimbler has served as the Registrant’s Director and Vice President
+Added: of Corporate Finance since March 2024.
+Added: Since July 1, 2020;
+Added: he served as a Director of Emergent Health Corp.
+Added: (“EMGE”) from
+Added: November 2017 to November 2021.
+Added: December 2017 until June 2019, he served as President and a director of the predecessor iteration of
+Added: a public company that is now Enzolytics, Inc., a drug development company.
+Added: Since October 2024, he is the managing partner of LB Equity
+Added: Advisors, Inc., a consulting company.
+Added: In December 2016 he founded Emerging Growth Advisors, Inc., a consulting firm providing advisory
+Added: services related to mergers and acquisitions for corporations including the Company.
+Added: Prior to founding LB Equity Advisors, Inc., and
+Added: Eocine Management Advisors, Inc., Mr.
+Added: Zimbler served in a managerial role at other consulting firms, each specializing in mergers and
+Added: acquisitions, roll ups and turn-around work
company engages in the discovery, development and marketing of products designed to better mankind.
11 unchanged sentences
and utilizing known body mechanisms without the use of drugs.
−Removed: information about our new business plan and historical operations of EMGE is included in our Amendment to Current Report on Form 8-K filed April 16, 2024 , which is incorporated herein by reference.
+Added: information about our new business plan and historical operations of the Company can be found at the following Current Reports:
+Added: Current Report on Form 8-K filed August 12, 2024.
+Added: Current Report on Form 8-K filed March 14, 2025.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.