Company: CHUC
Filing Date: 2025-06-03
Form Type: 8-K
Source: 0001437749-25-019288
Chunk: 0

Company: Charlie's Holdings, Inc.
Filing Date: 2025-06-03
Form: 8-K
Item: Item 2.01
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Item 2.01 Completion of Acquisition or Disposition of Assets.

On May 29, 2025, Charlie's Holdings, Inc. (the "Company") amended the Asset Purchase Agreement (the “ Amendment”) with R. J. Reynolds Vapor Company (the “ Buyer”) pursuant to which the Buyer purchased three additional PACHA synthetic products and related assets (the “ Additional Assets”) that are covered by a premarket tobacco application (“ PMTA”) first submitted by the Company in 2022, bringing the total purchased by the Buyer, to date, to fifteen products. The purchase price for the Additional Assets was $1.5 million paid at closing.

The foregoing description of the Amendment does not purport to be complete, and is qualified in its entirety by reference to the full text of the form of Amendment, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated by reference herein.

Item 9.01(d)Financial Statements and Exhibits.