Brownie's Marine Group entered into an Asset Purchase Agreement on July 1, 2026, through subsidiary Live Blue to acquire substantially all assets of Sunrise Paddleboards and assume certain related liabilities. Consideration consisted of 42,000,000 common shares valued at $0.0044 per share, implying approximately $184,800 based on the prior day’s closing price. The acquired business provides paddleboarding and kayaking experiences, including rentals, tours, retail sales, and training, broadening the company’s experiential water sports offerings.
Agreement details:
- Agreement type: Asset purchase agreement
- Counterparty: Sunrise Paddleboards
- Signed / Effective: Jul 01 2026 / Jul 01 2026
- Reason: Expand into paddleboarding and kayaking experiences
Original SEC Filing:
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