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<DIV style=margin-left:90pt;width:432pt><HR style='border:0;height:0;width:0;margin:15pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>UNITED STATES</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Washington, D.C. 20549</B></FONT></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=center style='font:16pt Times New Roman;margin-top:0pt;margin-bottom:9.4pt;color:#000000'> <B>FORM 8-K</B></P>
<P align=center style='font:16pt Times New Roman;margin-top:0pt;margin-bottom:29.25pt;color:#000000'><B>CURRENT REPORT </B></P>
<P align=center style='font:11.5pt Times New Roman;margin-top:0pt;margin-bottom:29.25pt;color:#000000'><B>Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 </B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>Date of Report (Date of earliest event reported)</P>
<P align=center style='font:10pt Times New Roman;margin:0'>November 18, 2018</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&#160;&#160;&#160;</P>
<P align=center style='font:14pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><B>ACQUIRED SALES CORP. </B></FONT></P>
<P align=center style='font:11pt Times New Roman;margin:0'>(Exact name of registrant as specified in its charter)</P>
<P style='font:11pt Times New Roman;margin:0'>&#160;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=top style=padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:11pt Times New Roman;margin:0'><B>Nevada</B></P>
</TD><TD valign=bottom style=padding-left:0.7pt;padding-right:0.7pt><P style='font:11pt Times New Roman;margin:0'><B>&#160;</B></P>
</TD><TD valign=top style=padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:11pt Times New Roman;margin:0'><B>87-0479286</B></P>
</TD></TR>
<TR><TD valign=top style=padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:11pt Times New Roman;margin:0'>(State or other jurisdiction of incorporation or organization)</P>
</TD><TD valign=bottom style=padding-left:0.7pt;padding-right:0.7pt><P style='font:11pt Times New Roman;margin:0'><B>&#160;</B></P>
</TD><TD valign=top style=padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:11pt Times New Roman;margin:0'>(I.R.S. Employer Identification No.)</P>
</TD></TR>
<TR><TD valign=top style=padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:11pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style=padding-left:0.7pt;padding-right:0.7pt><P style='font:11pt Times New Roman;margin:0'><B>&#160;</B></P>
</TD><TD valign=top style=padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:11pt Times New Roman;margin:0'>&#160;</P>
</TD></TR>
<TR><TD valign=top style=padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:11pt Times New Roman;margin-top:5pt;margin-bottom:5pt'><B>31 N. Suffolk Lane, Lake Forest, Illinois</B></P>
</TD><TD valign=bottom style=padding-left:0.7pt;padding-right:0.7pt><P style='font:11pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style=padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:11pt Times New Roman;margin:0'><B>60045</B></P>
</TD></TR>
<TR><TD valign=top style=padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:11pt Times New Roman;margin:0'>(Address of principal executive offices)</P>
</TD><TD valign=bottom style=padding-left:0.7pt;padding-right:0.7pt><P style='font:11pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top style=padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:11pt Times New Roman;margin:0'>(Zip Code)</P>
</TD></TR>
</TABLE>
<P style='font:11pt Times New Roman;margin:0'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><B>847-915-2446 </B></FONT></P>
<P align=center style='font:7.5pt Times New Roman;margin:0'><FONT style=font-size:7.5pt><B>(Registrant&#8217;s telephone number, including area code) </B></FONT></P>
<P align=center style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:11pt Times New Roman;margin-top:0pt;margin-bottom:10.35pt;color:#000000'><FONT style=font-size:11pt>Check</FONT> the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<FONT style='border-bottom:1px solid #000000'>see </FONT>General Instruction A.2. below): </P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:10.35pt;color:#000000'>[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:10.35pt;color:#000000'>[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:10.35pt;color:#000000'>[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
<HR style='border:0;height:0;width:0;margin:15pt 0 0 0'><HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<HR style='border:0;height:0;width:0;margin:15pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'><A name=fis_form />&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>Item 8.01 Other Events.</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>Acquired Sales Corp. (&quot;Acquired Sales&quot;) has signed a letter of intent to purchase a 19.99% ownership interest in affiliated beverage companies, Ablis LLC (&quot;Ablis&quot;), Bend Spirits, Inc. (&quot;Bend Spirits&quot;) and Bendistillery Inc. d/b/a Crater Lake Spirits (&quot;Crater Lake Spirits&quot;) (collectively the &quot;Companies&quot;) for an aggregate Purchase price of $7,596,200. </P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>Bendistillery was founded in 1996 and distills and sells vodkas, gins, whiskeys, under the Crater Lake Spirits brands. It also sells white label distilled beverage brands offered through Bend Spirits. Ablis manufactures and sells cannabidiol (CBD) infused non-alcoholic beverages, including all-natural, GMO-free, non-alcoholic, lemon ginger, cranberry blood orange, and zero-calorie lemon water beverages targeting the mainstream health market. The Companies&#8217; products contain no THC. </P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>The proposed equity purchases include $1,599,200 that would be paid by Acquired Sales to Ablis and $5,997,000 that would be paid by Acquired Sales to Crater Lake Spirits/Bend Spirits in exchange for newly issued equity interests from each entity that evidences 19.99% of the outstanding equity of each of the three respective Companies. Acquired Sales is advised by the Companies that the use of proceeds of the proposed equity purchases will be for the Companies to pay down debt, buy more equipment, increase advertising and marketing, and to supplement operating capital. </P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>The proposed equity purchases are also intended to include rights of first refusal that require the Companies to notify Acquired Sales before any sale of either Company and would give Acquired Sales the option to purchase the selling company or Companies within 60 days of notice of such offers.</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>In the event that the equity purchases close, the management teams of Ablis, Crater Lake Spirits and Bend Spirits will continue to lead their respective companies following the closing of the transaction, and Gerard M. Jacobs, CEO of Acquired Sales Corp., will join the board of directors of each company.</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>Closing of the equity purchases is subject to a number of conditions, including the completion of mutually acceptable due diligence, completion of a capital raise of at least $8.5 million, execution of definitive acquisition documents, Crater Lake Spirits&#8217; entry into a long-term lease, obtaining necessary third-party approvals, and completion of all necessary securities filings.</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>Item 9.01 Financial Statements and Exhibits.</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:72pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-36pt'>10.34</KBD><A href=aqsp_ex10z34.htm style=text-decoration:none><FONT style='color:#0000FF;border-bottom:1px solid #0000FF'>Letter of Intent; Acquired Sales Corp. purchase of 19.99% of shares of Ablis LLC, Bend Spirits, Inc. and Bendistillery Inc. d/b/a Crater Lake Spirits</FONT></A>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:36pt'>99.1</KBD><A href=aqsp_ex99z1.htm style=text-decoration:none><KBD style=margin-left:72pt></KBD><FONT style='color:#0000FF;border-bottom:1px solid #0000FF'>Press Release</FONT></A>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>SIGNATURES</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:36pt'>Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style=margin-left:252pt></KBD>ACQUIRED SALES CORP&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style=margin-left:252pt></KBD><FONT style='border-bottom:1px solid #000000'>/s/ Gerard M. Jacobs</FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style=margin-left:252pt></KBD>Gerard M. Jacobs &nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style=margin-left:252pt></KBD>Chief Executive Officer&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>Dated: &nbsp;November 20, 2018</P>
<HR style='border:0;height:0;width:0;margin:15pt 0 0 0'><P style='font:10pt Times New Roman;margin:0'>1</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
</DIV>
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{"company-data": {"conformed-name": "ACQUIRED SALES CORP", "cik": "0001391135", "assigned-sic": "7372", "irs-number": "870479286", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52520", "film-number": "181196727"}, "business-address": {"street1": "31 N SUFFOLK LANE", "city": "LAKE FOREST", "state": "IL", "zip": "60045", "phone": "8017720438"}, "mail-address": {"street1": "31 N SUFFOLK LANE", "city": "LAKE FOREST", "state": "IL", "zip": "60045"}, "former-company": {"former-conformed-name": "Acquired Sales CORP", "date-changed": "20070223"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
November 18, 2018
ACQUIRED SALES CORP.
(Exact name of registrant as specified in its charter)
Nevada
87-0479286
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
31 N. Suffolk Lane, Lake Forest, Illinois
60045
(Address of principal executive offices)
(Zip Code)
847-915-2446
(Registrant's telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
Acquired Sales Corp. ("Acquired Sales") has signed a letter of intent to purchase a 19.99% ownership interest in affiliated beverage companies, Ablis LLC ("Ablis"), Bend Spirits, Inc. ("Bend Spirits") and Bendistillery Inc. d/b/a Crater Lake Spirits ("Crater Lake Spirits") (collectively the "Companies") for an aggregate Purchase price of $7,596,200.
Bendistillery was founded in 1996 and distills and sells vodkas, gins, whiskeys, under the Crater Lake Spirits brands. It also sells white label distilled beverage brands offered through Bend Spirits. Ablis manufactures and sells cannabidiol (CBD) infused non-alcoholic beverages, including all-natural, GMO-free, non-alcoholic, lemon ginger, cranberry blood orange, and zero-calorie lemon water beverages targeting the mainstream health market. The Companies' products contain no THC.
The proposed equity purchases include $1,599,200 that would be paid by Acquired Sales to Ablis and $5,997,000 that would be paid by Acquired Sales to Crater Lake Spirits/Bend Spirits in exchange for newly issued equity interests from each entity that evidences 19.99% of the outstanding equity of each of the three respective Companies. Acquired Sales is advised by the Companies that the use of proceeds of the proposed equity purchases will be for the Companies to pay down debt, buy more equipment, increase advertising and marketing, and to supplement operating capital.
The proposed equity purchases are also intended to include rights of first refusal that require the Companies to notify Acquired Sales before any sale of either Company and would give Acquired Sales the option to purchase the selling company or Companies within 60 days of notice of such offers.
In the event that the equity purchases close, the management teams of Ablis, Crater Lake Spirits and Bend Spirits will continue to lead their respective companies following the closing of the transaction, and Gerard M. Jacobs, CEO of Acquired Sales Corp., will join the board of directors of each company.
Closing of the equity purchases is subject to a number of conditions, including the completion of mutually acceptable due diligence, completion of a capital raise of at least $8.5 million, execution of definitive acquisition documents, Crater Lake Spirits' entry into a long-term lease, obtaining necessary third-party approvals, and completion of all necessary securities filings.
Item 9.01 Financial Statements and Exhibits.
10.34
Letter of Intent; Acquired Sales Corp. purchase of 19.99% of shares of Ablis LLC, Bend Spirits, Inc. and Bendistillery Inc. d/b/a Crater Lake Spirits
99.1
Press Release
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
ACQUIRED SALES CORP
/s/ Gerard M. Jacobs
Gerard M. Jacobs
Chief Executive Officer
Dated:  November 20, 2018
1