Accredited Solutions, INC
Market Movers (8-K)
OTC.Pink
8-K: Accredited Solutions, Inc. Rescinds $3 Million Globetopper Acquisition Following Payment Default
Accredited Solutions, Inc. has mutually agreed to rescind its Membership Interest Purchase Agreement to acquire Globetopper, LLC for $3 million after defaulting on payment obligations.
Worse than expected
Delay expected
OTC.Pink
Accredited Solutions Inc. has agreed to acquire 100% of Globetopper LLC for $3 million, payable through a combination of cash, stock, and a secured promissory note.
OTC.Pink
Accredited Solutions has reached an agreement with holders of its variable price conversion securities for a 60-day lock-up and 6-month leak-out period, aiming for full cash redemption.
Capital raise
OTC.Pink
8-K/A: Accredited Solutions Inc. Announces Non-Binding Indication of Interest to Acquire Globetopper
Accredited Solutions Inc. has executed a non-binding indication of interest to acquire Globetopper, a B2B distributor of e-gift cards, for a total company valuation of $3 million.
OTC.Pink
Accredited Solutions Inc. has executed a non-binding Indication of Interest to acquire Globetopper, a B2B distributor of e-gift cards with $33.7 million in 2023 sales and a projected $42.5 million revenue run-rate for 2024.
OTC.Pink
Accredited Solutions, Inc. has hired Ben Farzam as CEO of a new subsidiary to execute a five-year growth plan targeting $750 million in annual revenue.
Capital raise
Quarterly Earnings (10-Q)
OTC.Pink
Accredited Solutions Inc. reports a net income of $2.1 million for the nine months ended September 30, 2024, driven by a significant change in derivative liabilities, while focusing on restructuring its operations.
Better than expected
Capital raise
OTC.Pink
Accredited Solutions Inc. reported a decrease in revenue and an increased net loss for the second quarter of 2024, alongside ongoing concerns about its ability to continue as a going concern.
Worse than expected
Capital raise
OTC.Pink
Accredited Solutions has filed an amended quarterly report for the period ending March 31, 2024, after the original filing did not include a review by an independent public accountant.
Worse than expected
Delay expected
Capital raise
OTC.Pink
Accredited Solutions Inc. experienced a decrease in revenue but achieved a net income of $46,170 in the first quarter of 2024, compared to a net loss of $231,451 in the same period last year.
Worse than expected
Capital raise
OTC.Pink
Accredited Solutions, Inc. reports increased revenue for the nine months ended September 30, 2023, but continues to experience net losses and a working capital deficit.
Worse than expected
Capital raise
Annual Reports (10-K)
OTC.Pink
Accredited Solutions Inc. reports its full year 2023 results, highlighting a revenue increase driven by Diamond Creek water sales, alongside a net loss and ongoing efforts to secure additional funding.
Capital raise
Worse than expected
Proxy Statements (Def-14A)
OTC.Pink
Accredited Solutions Inc. is set to increase its authorized number of common stock shares from 2.5 billion to 5 billion through an amendment to its Articles of Incorporation, approved by a majority of voting power.
Capital raise
Schedule 13G - Passive Investments
OTC.Pink
Apollo Management Group, Inc. has filed a Schedule 13G, reporting a beneficial ownership of 8.72% in Accredited Solutions, Inc.'s common stock, indicating a passive investment.