Company: HYEX
Filing Date: 2025-07-24
Form Type: 8-K
Source: 0001096906-25-001186
Chunk: 0

Company: HEALTHY EXTRACTS INC.
Filing Date: 2025-07-24
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01

Entry into a Material Definitive Agreement.

Acquisition of Gummy USA LLC

On July 19, 2025, we entered into a Membership Interest Purchase Agreement (the “ MIPA”) with Gummy USA LLC (“ GUSA”) and its sole-member, Donald Swanson (“ Swanson”), pursuant to which we acquired one-hundred percent (100%) of the outstanding membership interests of GUSA, which is now our wholly-owned subsidiary. As consideration for the purchase, we issued thirteen million seventy-five thousand nine hundred twenty (13,075,920) shares of our common stock (the “ Purchase Shares”) which represents 77.5% of our issued and outstanding common stock after the transaction, to Swanson. In addition, Swanson was granted anti-dilution rights to maintain that same ownership percentage in the event of the exercise of any of our 154,306 outstanding options and warrants.

In connection with, and as a material term of, the transaction, effective on July 19, 2025, Donald Swanson was appointed to our Board of Directors as our fourth director, Chairman and as our President. Kevin “ Duke” Pitts, who was our President prior to the transaction, was appointed as our Chief Executive Officer. Further in connection with the transaction, Robert Madden, our Secretary and Chief Financial Officer, was appointed as the Manager of GUSA.

Section 2 - Financial Information

Item 2.01Completion of Acquisition or Disposition of Assets.