Iconic Brands Inc (ICNB)

[Whiplash_Investor]

You left out the second paragraph, “On July 26, 2021, the Registrant completed the acquisition of TopPop LLC (“TopPop”) and an equity financing and exchange transaction (the “Transactions”). As reported in the Registrant’s Current Report on Form 8-K dated July 27, 2021, as amended, the Registrant’s Proforma Balance Sheet as of June 30, 2021 indicates there was an approximately $55 million increase in assets and an approximately $34 million increase in liabilities as a result of the Transactions. In addition, as a result of the Transactions, there will be material increases in sales and expenses as the Registrant consolidates the TopPop business into its operations. The Registrant expects those changes to be reflected in its unaudited financial statements for the quarter ended March 31, 2022 to be included in its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2022.”