Inactive Instrument

Sequential Brands Group, Inc.

Equities

SQBG

US81734P2065

SEQUENTIAL BRANDS GROUP, INC. : Entry into a Material Definitive Agreement (form 8-K)

November 18, 2021 at 04:33 pm EST

Item 1.01. Entry into a Material Definitive Agreement.

As previously disclosed, on August 31, 2021, Sequential Brands Group, Inc. ("Sequential" or the "Company") entered into an asset purchase agreement (the "Galaxy Purchase Agreement") with Gainline Galaxy Holdings LLC ("Galaxy Buyer") for the purchase of the Company's Active Division assets for an aggregate purchase price of $333,000,000. Following the exercise of its option pursuant to Section 1.10 of the Galaxy Purchase Agreement, Galaxy Buyer has purchased the Company's AND1, Avia, GAIAM, and SPRI brands for an adjusted purchase price of $328,950,000. The foregoing summary of the Galaxy Purchase Agreement does not purport to be complete and is qualified in its entirety by the Galaxy Purchase Agreement, which was attached as Exhibit 2.1 to the Company's current report on Form 8-K, filed with the Securities and Exchange Commission on September 1, 2021, and the description thereof in the current report, each of which is incorporated herein by reference.

Further, as previously disclosed, on October 7, 2021, Sequential entered into a Membership Interest Purchase Agreement (the "JS Purchase Agreement") with With You, Inc. ("JS Buyer"), pursuant to which JS Buyer will purchase all of the Company's 62.5% membership interests in With You LLC ("With You") for an aggregate cash purchase price of $65,000,000. With You holds the intellectual property assets, trademarks and licenses used in the Jessica Simpson consumer brand business. The foregoing summary of the JS Purchase Agreement does not purport to be complete and is qualified in its entirety by the JS Purchase Agreement, which was attached as Exhibit 10.1 to the Company's current report on Form 8-K, filed with the Securities and Exchange Commission on October 8, 2021, and the description thereof in the current report, each of which is incorporated herein by reference.

Both of these transactions closed on November 12, 2021.

Latest news about Sequential Brands Group, Inc.

Sequential Brands Group, Inc. Went Out of Business	22-03-02	CI
First Amended Joint Liquidation Plan Approved for Sequential Brands Group, Inc.	22-02-22	CI
First Amended Disclosure Statement Approved for Sequential Brands Group, Inc.	22-01-07	CI
First Motion for Exclusivity Period Extension Approved For Sequential Brands Group, Inc.	22-01-05	CI
First Amended Joint Liquidation Plan and Disclosure Statement Filed by Sequential Brands Group, Inc.	22-01-03	CI
First Motion for Exclusivity Period Extension Filed by Sequential Brands Group, Inc.	21-12-20	CI
Joint Liquidation Plan and Disclosure Statement Filed by Sequential Brands Group, Inc.	21-12-07	CI
Galaxy Universal LLC completed the acquisition of And1, Avia, Gaiam, SPRI and Swisstech brands of Sequential Brands Group, Inc. (OTCPK:SQBG.Q).	21-11-11	CI
With You, Inc. completed the acquisition of 62.5% stake in The Jessica Simpson Collection from Sequential Brands Group, Inc. (OTCPK:SQBG.Q).	21-11-11	CI
Motion for Asset Sale Approved for Sequential Brands Group, Inc.	21-11-03	CI
Motion for Asset Sale Approved for Sequential Brands Group, Inc.	21-11-03	CI
Motion for Asset Sale Approved for Sequential Brands Group, Inc.	21-11-03	CI
Motion for Asset Sale Approved for Sequential Brands Group, Inc.	21-11-03	CI
Sequential Brands Group, Inc. Announces Board Changes, Effective November 15, 2021	21-11-01	CI
KKR to Lead Debt Financing, Participate As Co-investor in Galaxy Universal's $330 Million Acquisition of Sequential Brands	21-10-29	MT
Sequential Brands Group, Inc. Announces Executive Changes	21-10-08	CI
With You, Inc. entered into a membership interest purchase agreement to acquire 62.5% stake in The Jessica Simpson Collection from Sequential Brands Group, Inc. (OTCPK:SQBG.Q) for $65 million	21-10-07	CI
GMA Accessories Inc. acquired Ellen Tracy Inc. and Caribbean Joe Island Supply Co. from Sequential Brands Group, Inc. (OTCPK:SQBG.Q) for $20 million.	21-09-30	CI
Consumer Cos Down On Mixed Spending Views -- Consumer Roundup	21-09-24	DJ
Bidding Procedure Approved for Sequential Brands Group, Inc.	21-09-24	CI
Final DIP Financing Approved for Sequential Brands Group, Inc.	21-09-21	CI
Sequential Brands Group, Inc.(OTCPK:SQBG.Q) dropped from NASDAQ Composite Index	21-09-08	CI
Consumer Cos Tick Down Amid Jobs Nervousness -- Consumer Roundup	21-09-02	DJ
Interim DIP Financing Approved for Sequential Brands Group, Inc.	21-09-02	CI
Sequential Brands Group, Inc.(NasdaqCM:SQBG) dropped from S&P TMI Index	21-09-02	CI

Chart Sequential Brands Group, Inc.

Duration

Period

More charts

Company Profile

Sequential Brands Group, Inc. owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company's portfolio of consumer brands includes Jessica Simpson, Jessica Simpson, AND1, Avia, Joe's and GAIAM. The Company's brands are licensed for a range of product categories, including retailers, wholesalers and distributors in the United States and in certain international territories. The Company licenses brands to both wholesale and direct-to-retail licensees. The Jessica Simpson Collection is a signature lifestyle concept designed in collaboration with Jessica Simpson, which offers various product categories, including footwear, apparel, fragrance, fashion accessories, maternity apparel, girls? clothing and a home line. The Avia brand offers running and activewear products.

Sector

More about the company