B2Digital, Incorporated (OTCPK:BTDG) entered into an agreement to acquire Spartan Fitness, LLC on January 25, 2022. The consideration will be paid in cash and equity. In addition, the Company will pick up a key asset in Chris Conolley as a key Executive who will join the B2 Executive management team.

B2Digital, Incorporated (OTCPK:BTDG) cancelled the acquisition of Spartan Fitness, LLC on August 2, 2022. Consequently, the B2Digital recorded stock compensation expense of $150,000 in connection with the issuance of 50,000 shares of B2Digital common stock. Also, the B2Digital recorded $293,727 in management expense paid to Chris Conolley, the owner of Spartan Fitness.