Starco Brands, Inc. acquired Soylent Nutrition, Inc for $29.4 million.
February 20, 2023
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Starco Brands, Inc. (OTCPK:STCB) entered into an agreement to acquire Soylent Nutrition, Inc for $29.4 million on February 14, 2023. The consideration includes 165,336,430 restricted shares of Class A common stock of Starco and up to 18,571,429 additional restricted shares of Class A common stock based on final determination of calculations of Soylent's working capital, cash at closing, indebtedness at closing and certain unpaid transaction expenses in excess of the amount reimbursed by Starco. The transaction is subject to the Company Stockholder Approval. Will Chuchawat of Proskauer Rose LLP represented Starco Brands in the transaction. Mally Collective and James J. Thompson of Sheppard Mullin represented Soylent in the transaction.
Starco Brands, Inc. (OTCPK:STCB) completed the acquisition of Soylent Nutrition, Inc on February 15, 2023.
Starco Brands, Inc. is a consumer goods company. The Company operates in three segments: Starco Brands, Skylar, and Soylent. The Starco Brands segment is engaged in the development and sales of consumer goods products. The Starco Brands segment includes STCB, AOS, Whipshots Holdings and Whipshots LLC. The Skylar segment is involved in the sale of fragrances. The Soylent segment is engaged in the sale of nutritional products, mainly drinks. Its brands include Whipshots, the vodka-infused whipped cream; Art of Sport, the body care brand designed for athletes; Winona, the indulgent theater-popcorn spray powered by air; Skylar, the fragrance that is both hypoallergenic and safe for sensitive skin; Whipshots; and Soylent, a non-dairy nutrition brand. It commercializes consumer products manufactured by The Starco Group (TSG). TSG is a private label and branded aerosol and liquid fill manufacturer with manufacturing assets in verticals, including paints, coatings and adhesives, and household.
STARCO BRANDS, INC. 
