Company: VREOF
Filing Date: 2025-06-12
Form Type: 8-K
Source: 0001104659-25-058908
Chunk: 1

Company: Vireo Growth Inc.
Filing Date: 2025-06-12
Form: 8-K
Item: Item 1.01
Chunk 1
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 corresponding decrease in the Closing
Merger Consideration under the Merger Agreement in an amount equal to the Compensatory Award, and no portion of the Closing Merger Consideration
was paid by the Company in respect of Deep Roots’ incentive common stock (which was cancelled in the Merger). Further, the Parent
Shares issued in respect of the Compensatory Award will not be eligible to receive any portion of the earn-out payments, or be subject
to the clawback provisions, that are applicable to the Deep Roots stockholders under the Merger Agreement and that are described in greater
detail in Item 2.01 below, and will generally not be subject to the provisions of the Merger Agreement. The former holders of Deep Roots’
incentive common stock have entered into lock-up agreements with the Company in respect of such Parent Shares on substantially similar
terms as the other stockholders of Deep Roots as described below in Item 2.01. The Parent Shares issued by the Company in respect of the
Compensatory Award were issued in reliance upon the exemptions from registration under the Securities Act of 1933, as amended (the “ Securities
Act”), provided by Section 4(a)(2) thereunder, as a transaction not involving a public offering and Rule 506 promulgated under the
Securities Act.

The Second Amendment also provided for certain
additional technical and conforming changes to the Merger Agreement.

The foregoing description of the Second Amendment
is only a summary, does not purport to be complete and is qualified in its entirety by reference to the full text of the Second Amendment,
which is filed as Exhibit 2.3 to this Current Report on Form 8-K and incorporated by reference herein.