AcquisitionsJul 8, 2026, 09:46 AM
Brownie's Marine Group Acquires Sunrise Paddleboards for 42M Shares
AI Summary
Brownie's Marine Group, Inc., through its wholly-owned subsidiary Live Blue, Inc., has acquired substantially all the assets of Sunrise Paddleboards LLC. The acquisition, completed on July 1, 2026, expands the company's offerings in paddleboarding and kayaking experiences. The consideration for the transaction involved the issuance of 42,000,000 shares of Brownie's Marine Group common stock, valued at $0.0044 per share, to the sole member of Sunrise Paddleboards LLC.
Key Highlights
- Brownie's Marine Group's subsidiary, Live Blue, Inc., acquired substantially all assets of Sunrise Paddleboards LLC.
- Sunrise Paddleboards LLC specializes in paddleboarding and kayaking experiences, including rentals, tours, retail, and training.
- The acquisition was completed on July 1, 2026.
- Consideration for the acquisition was 42,000,000 shares of Brownie's Marine Group common stock.
- The shares were valued at $0.0044 per share, totaling approximately $184,800.
- The shares were issued to Brian Galton, the sole member of Sunrise Paddleboards LLC.
- The issuance of shares was exempt from registration under Section 4(a)(2) of the Securities Act of 1933.
Price Impact
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