Scott Liquid Gold : Material Agreement - Form 8-K

Item 1.01 Entry into a Material Definitive Agreement.

On September 15, 2023, Scott's Liquid Gold-Inc., a Colorado corporation (the "Company"), and Neoteric Cosmetics, Inc., a Colorado corporation and wholly owned subsidiary of the Company ("Neoteric"), entered into a Stock Purchase Agreement (the "Stock Purchase Agreement") with Neoteric Beauty Holdings, LLC, a Delaware limited liability company (the "Neoteric Buyer"), pursuant to which the Company agreed to sell 100% of the outstanding stock of Neoteric to the Neoteric Buyer. Neoteric owns and operates the Denorex, Zincon, and Neoteric Diabetic brands. The transactions contemplated by the Stock Purchase Agreement were consummated on September 15, 2023. The closing consideration paid to the Company was $1,750,000, with an initial deposit of $175,000 paid on September 5, 2023.