Inactive Instrument

Sequential Brands Group, Inc.

Equities

SQBG

US81734P2065

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

September 29, 2021 at 04:07 pm

Item 1.01. Entry into a Material Definitive Agreement.

As previously reported, on August 31, 2021, Sequential Brands Group, Inc. (the "Company") entered into an asset purchase agreement (the "Original APA") with Centric Brands LLC ("Centric") for the purchase of the Joe's Jeans brand. On September 23, 2021, as a result of ongoing discussions and good faith negotiations, the Company and Centric entered into an amended and restated asset purchase agreement with respect to the Company's sale of the Joe's Jeans brand to Centric (the "A&R APA"). The A&R APA increased the purchase price to $45,000,000 in cash (from $38,250,000 in cash) and eliminated the earnout payments that were contemplated by the Original APA. The A&R APA also eliminated the break-up fee that was contemplated by the Original APA. The foregoing description of the A&R APA is not complete and is qualified in its entirety by reference to the A&R APA, which is attached hereto as Exhibit 10.1 and incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits.



Exhibit
Number   Description
  10.1     Amended and Restated Asset Purchase Agreement by and among Centric
         Brands LLC and Joe's Holdings LLC, dated September 23, 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

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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.

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