Soylent Acquired by Starco Brands

Re:Soylent Acquired by Starco Brands by mike_d on Wednesday February 22, 2023 @02:25AM (#34892691)

> 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.

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Re:Soylent Acquired by Starco Brands by RileyJames on Wednesday February 22, 2023 @02:35AM (#34892763)

What does that suggest about the valuation soylent received through this acquisition?

Noting they raised $133m in capital.

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Re:Soylent Acquired by Starco Brands by rjieger on Wednesday February 22, 2023 @09:57AM (#34896540)

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.

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