Sino Green Land Corp. (SGLA) Form 8-K — Oct 5, 2026
Sino Green Land Corporation entered into a stock purchase agreement on September 30, 2026 to acquire 80% of Hi-Quality Productions Inc, a New Jersey-based RPET business, for US$1.8 million in total consideration. Payment is split 30% cash (US$540,000) and 70% stock (US$1,260,000), with shares issued at a fixed US$0.60 across three tranches over twelve months. The deal includes an earn-out: consideration rises to US$1.98 million if Hi-Quality's FY2026 audited net income exceeds US$550,000, or is reduced proportionally if below US$450,000.
Key figures
- Deal Value Usd
- 1800000
- Offering Price
- 0.6
- Earnout upside
- 1980000
- Acquisition stake
- 80%
- Cash consideration
- 540000
- First tranche value
- 720000
- Stock consideration
- 1260000
- Third tranche value
- 540000
- Second tranche value
- 540000
- Seller retained stake
- 20%
- Earnout net income threshold low
- 450000
- Earnout net income threshold high
- 550000
AI analysis
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