Ascend Wellness Holdings, Inc 8-K, filed May 2, 2023
Ascend Wellness Holdings, Inc. (AAWH)
8-K
2023-05-02
For: 2023-04-27
View Original
Added on
April 12, 2026
About this 8-K
Ascend Wellness Holdings, Inc filed this 8-K on May 2, 2023, reporting on events of April 27, 2023.
Items reported
- Item 3.02: Unregistered sale of equity
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 27, 2023
__________________________
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) | ||||||||||||||
(646 ) 661-7600
(Registrant’s telephone number, including area code)
n/a
| (Former name or former address, if changed since last report) | ||||||||||||||
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).
Securities registered pursuant to Section 12(b) of the Act: None
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 3.02. Unregistered Sales of Equity Securities.
On April 27, 2023, Ascend Wellness Holdings, Inc. (the “Company”) closed the acquisition of 100% of the membership interests of Devi Holdings, Inc. (“Devi”), pursuant to certain membership purchase agreements among Ascend Maryland, LLC, a subsidiary of the Company, Devi and certain sellers party thereto dated January 24, 2023. Total consideration consists of $12 million of cash consideration, subject to customary adjustments, and 5,185,186 shares of the Company’s Class A common stock (the “Shares”) that were issued at closing.
The Company issued the Shares to Devi pursuant to the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, because (i) there was a limited number of holders and (ii) the issuance was not made by general solicitation or advertising.
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SIGNATURE
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.
Ascend Wellness Holdings, Inc. | ||||||||
| May 2, 2023 | /s/ Daniel Neville | |||||||
Daniel Neville, Interim Co-CEO (Interim Co-Principal Executive Officer) and Chief Financial Officer (Principal Financial Officer) | ||||||||
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