> he will join Starco’s board and is getting shares in the new company, while himself and Soylent’s shareholders will become the largest single voting block in Starco
This is a strange SPAC onto the OTC markets? Starco's biggest products (also acquisitions) are canned whip cream with vodka in it and a deodorant endorsed by Kobe Bryant. They have a $44m market cap.
The 8-K says an aggregate of up to 165,336,430 restricted shares of Class A common stock. The share price of Starco is currently $0.20 but was closer to $0.10 last year. There are other details in the 8-k but best guess is the deal was valued around $25m.
This is a strange SPAC onto the OTC markets? Starco's biggest products (also acquisitions) are canned whip cream with vodka in it and a deodorant endorsed by Kobe Bryant. They have a $44m market cap.