Sow Good Inc (SOWG)

[DFLY]

There is some reading to do here lol..so they restructured March of last year..from pr..

Black Ridge Oil & Gas will remain a public company, transitioning corporate strategy from that of a direct asset owner to that of an indirect asset owner and asset manager, with no change to governance or shareholder base
Black Ridge Oil & Gas will be debt free and receive a management fee, initially set at up to $2 million per year, for managing the assets in BRHC. This fee is expected to cover our existing cash G&A
Black Ridge Oil & Gas shareholders will initially own 5% equity in BRHC (subject to dilution by additional Chambers investments in BRHC) and participate in additional non-voting equity upside via a profits interest
Chambers will convert their $32.8 Million subordinated loan to 95% equity ownership in BRHC
The Cadence Senior Revolving Credit Facility will be transferred to BRHC and a new borrowing base will be determined
Chambers has committed to fund BRHC with up to $30 million of additional capital and an initial investment of at least $10 million, pending finalization of the new Cadence borrowing base
Black Ridge Oil & Gas management will continue to aggressively focus on acquisition of distressed assets with our capital providers including Chambers and Merced Capital