Item 8.01 Other Events.

On January 18, 2023, a jury in the Circuit Court of the 17th Judicial Circuit in Broward County, Florida returned a verdict awarding compensatory damages in the amount of $82,640,450 in favor of Strong Arm Productions USA, Inc., Tramar Dillard p/k/a Flo Rida and D3M Licensing Group, LLC ("Plaintiffs") relating to a lawsuit arising from a contract dispute between Plaintiffs and the Company. The contract dispute originated in May 2021, when Plaintiffs sued the Company seeking damages related to two endorsement contracts entered into between Plaintiffs and the Company in 2014 and 2016, respectively.

The Company plans to appeal the verdict in this litigation matter.

Item 9.01 Financial Statements and Exhibits.





 (d) Exhibits




Exhibit No    Description

Exhibit 104   Cover Page Interactive Data File (embedded within the inline XBRL Document)




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