Company: SNBH
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001731122-25-001574
Chunk: 32

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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, and business lines to AIG F&B in exchange for Acquisition Credits convertible
into shares of SNBH common stock under a performance-based earnout structure. These assets include proprietary beverage and first-aid
product formulations, manufacturing infrastructure, distribution relationships, and brand rights relevant to the Company’s future
enterprise.

19

On
July 5, 2025, the Company, through Aqua Emergency Nevada.(“AE NV”), closed a share exchange agreement with Aqua Emergency
Florida (“AE FL”), pursuant to which AE FL transferred select rights, assets, and business lines to AE NV in exchange for
Acquisition Credits convertible into shares of SNBH common stock under a performance-based earnout structure. These assets include proprietary
beverage and first-aid product formulations, manufacturing infrastructure, distribution relationships, and brand rights relevant to the
Company’s future roadmap.

On
September 30, 2025, with an effective date of October 1, 2025, the Company,
through Wyoming Bears, Inc., closed a share exchange agreement with Wyoming Bears, Inc. founders, pursuant to which founders transferred
select rights, assets, and business lines to Wyoming Bears, Inc. in exchange for Acquisition Credits convertible into shares of SNBH common
stock under a performance-based earnout structure. These assets include proprietary beverage and first-aid product formulations, manufacturing
infrastructure, distribution relationships, and brand rights relevant to the Company’s future roadmap.

The
consideration structure is performance-contingent and subject to regulatory holding periods, lock-up agreements, and earnout milestones
tied to revenue, EBITDA, and appraised asset value. The Acquisition Credits may be converted to equity upon the achievement of defined
benchmarks over a multi-year horizon.

This
transaction significantly enhances the Company’s balance sheet and operating capacity, supporting its ability to develop new revenue-generating
products and pursue future acquisitions aligned with its mission.

The
Company’s leadership team brings experience from global consumer brands and retailers, including Original New York Seltzer, Disney,
Hugo Boss, Victoria’s Secret, Versace, Bath & Body Works, and Walmart. Leveraging this expertise, through its partnership with
American Industrial Group, SNBH is positioned to capitalize on strategic sourcing, the ability to manufacture locally with a global footprint,
and global distribution networks across omnichannel platforms for high-growth, high-margin brands, while maintaining cash-flow positive
operations at all subsidiaries. The Company continues to execute its 24-month acquisition pipeline and to seek growth through synergistic