Company: ASII
Filing Date: 2025-07-03
Form Type: 8-K
Source: 0001477932-25-004923
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Company: Accredited Solutions, Inc.
Filing Date: 2025-07-03
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement.

On June 23, 2025, Accredited Solutions, Inc., a Nevada corporation (the “ Company”), entered into a Mutual Rescission Agreement with Craig Span (the “ Rescission Agreement”), pursuant to which the parties agreed to rescind and cancel the Membership Interest Purchase Agreement dated October 25, 2024 (the “ Purchase Agreement”). Under the Purchase Agreement, the Company had agreed to purchase all of the membership interests of Globetopper, LLC (“ Globetopper”) from Mr. Span in consideration of $3,000,000 to be paid by the Company by the issuance to Mr. Span of a Closing Note in the principal amount of $3,000,000 (the “ Closing Note”). The Closing Note, in turn, required payment by the Company to Mr. Span consisting of (i) $1,000,000 in cash, (ii) delivery of 1,000 shares of the Company’s Series B Preferred Stock (the “ Shares”), and (iii) delivery of a $1,000,000 secured promissory note (the “Follow-on Note”).