8-KAccepted Sep 30, 5:10 PM ET
Massimo Group Enters Strategic Consulting Agreement with Acorn
Accepted (ET)
5:10 PM
Sep 30, 2026
Filed
Sep 30, 2026
Documents
12
Size
343.7 KB
Summary
Massimo Group Enters Strategic Consulting Agreement with Acorn
What Happened Massimo Group (MAMO) filed a Form 8-K (dated Sept. 30, 2026) reporting that on September 28, 2026 it entered into a Strategic Business Outreach and Consulting Agreement with Acorn Management Partners, L.L.C. The engagement runs from Sept. 28, 2026 through Sept. 27, 2027 unless earlier terminated and covers investor awareness, broker outreach, professional relations and related consulting services.
Key Details
- Cash fee: Company will pay the consultant $15,000 per month.
- Equity component: If the Company continues the engagement beyond the initial six-month period, it will issue deferred equity compensation with an aggregate value of $125,000, capped at 90,000 shares of common stock.
- Term & termination: Agreement term is one year (9/28/2026–9/27/2027). Either party may terminate for convenience, subject to the payment provisions tied to the initial six-month period (which is split into an initial three-month period and the remainder for termination calculations).
- Securities treatment: Any Shares issued would be offered pursuant to an exemption from registration under Rule 4(a)(2) of the Securities Act. Certain non-material and confidential information was redacted from the filed Exhibit 10.1.
Why It Matters For investors, the arrangement creates a predictable monthly cash expense ($15k/month) and a potential equity issuance (up to 90,000 shares, $125k value) if the engagement extends past six months. The agreement formalizes use of outside consulting for investor and broker outreach, and includes customary confidentiality and indemnification terms; it does not report any guaranteed financial or operational outcomes.