Access Power & Co Inc (ACCR)

[Werbe]

They purchased Racks Billiards, LLC, not the other way around.

Effective October 1, 2023, the Company purchased Racks Billiards, LLC, a Delaware holding company which in turn owns 100% of Racks Billiards, LLC, a Florida company which operates the activity. The purchase price was $5,680,500 (five million, six hundred eighty thousand and five hundred dollars). The Company issued a promissory note for the full amount of the purchase price. Interest on the promissory note is 7.50%, which is due with all principal on October 1, 2026, unless paid earlier.