Solésence, Inc., through its wholly owned subsidiary Solésence, LLC, entered into a Settlement Agreement with Refy Beauty Ltd to resolve disputes over certain consumer care products. Under the agreement, Solésence will pay the British Pound Sterling equivalent of $938,000 in twelve equal installments of $78,166.66, starting August 5, 2026. The parties also agreed to a six-month exclusivity period for developing a new SPF product and potentially negotiating a new supply agreement. If a supply agreement is reached, the final six installment payments would be credited toward purchases under that agreement.
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