Item 1.01 Entry into a Material Definitive Agreement.
On April 30, 2022, Yuengling's Ice Cream Corporation (the "Company") entered
into a Definitive Agreement to acquire all the equity of Revolution Desserts,
LLC ("Revolution") from the Selling Members. As set forth in the agreement,
there are a number conditions to closing, including SEC approval of the
Company's Reg. 1-A, and as such the closing date is unknown.
Revolution owns or licenses the Gelato Fiasco, Sweet Scoops, Art Cream, and SoCo
Creamery brands. Revolution was founded by Robert Carlson and Luciano Vitali
Alves and, in addition to Mr. Carlson, is currently being run by Charles Green.
Mr. Carlson and Mr. Green will remain with Yuengling's following the closing.
Mr. Green has more than 40 years in the ice cream, logistics, and consumer
packaged goods ("CPG") industries. He is best known for his time at Ben &
Jerry's, during which time he led the company's national and international
expansion. Since leaving Ben & Jerry's/Unilever, Mr. Green has worked with a
number of other ice cream brands such as Steve's Ice Cream, Ample Hills, and
Jenni's.
Mr. Carlson has more than 30 years in the frozen desserts business. Prior to
Revolution, Mr. Carlson helped relaunch the Company in 2014. Before working with
the Company, Mr. Carlson was involved with numerous businesses, including
Sunkist Frozen, Brigham's Ice Cream and Ben & Jerry's.
Item 9.01 Financial Statements and Exhibits.
Exhibit No.
10.1 Membership Interest Purchase Agreement by and among Yuengling's Ice
Cream Corporation, Revolution Desserts, LLC and the Selling Members, dated April
30, 2022 .
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