Business Context and Reporting Period
Company: BONK, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: September 4, 2026 (Event Date); September 11, 2026 (Signature Date)
Reporting Period: Specific event reporting regarding a material definitive agreement.
Key Financial Metrics
This filing does not report standard periodic financial metrics such as revenue, profit, cash flow, or operating margins. The primary financial data point disclosed is:
- Transaction Value: $4,000,000.00 (Aggregate purchase price for preferred stock redemption).
- Liquidity Impact: Payment is due via wire transfer within three (3) business days of execution.
- Debt: No new debt instruments are described; the transaction involves equity redemption.
Material Changes
The filing discloses a material change in the company's capital structure and shareholder agreements:
- Preferred Stock Redemption: The Company entered into an agreement to purchase 26,667 Preferred Series A Shares from Core4 Capital Holdings Corp.
- Remaining Holdings: Post-transaction, Core4 will retain 73,333 Preferred Shares.
- Conversion Rights: The remaining 73,333 Preferred Shares are convertible into 1,516,873 shares of Common Stock in the event of a merger.
- Waiver of Rights: Core4 has irrevocably waived all anti-dilution rights, voting rights, liquidation preferences, and conversion rights associated with the Preferred Shares as part of the consideration.
- Release of Claims: Core4 agreed to a general release of claims against the Company arising from its investment.
Guidance, Outlook, and Risks
Management Commentary: The filing references a press release issued on September 11, 2026 (Exhibit 99.1) but does not contain specific forward-looking guidance or management commentary within the text of the 8-K itself.
Risks and Contingencies: The primary contingency noted is the potential conversion of remaining preferred shares into common stock upon a merger event. The filing notes that the description of the agreement is qualified by reference to the full text of the agreement filed as Exhibit 10.1.
Investor Verification Checklist
- Verify the cash outflow of $4,000,000 and its impact on the company's current liquidity position.
- Review Exhibit 10.1 (Preferred Stock Redemption Agreement) for specific terms regarding the waiver of rights and release of claims.
- Confirm the dilution impact of the potential conversion of 73,333 Preferred Shares into 1,516,873 Common Shares in a merger scenario.
- Check the press release (Exhibit 99.1) for additional context on the strategic rationale for this redemption.