Okmin Signs Agreement to Acquire BevPoint Capital.
MWN-AI** Summary
Okmin Resources Inc. has announced its strategic entry into the beverage and hospitality industry through an acquisition agreement with BevPoint Capital LP, a company specializing in building a national portfolio of craft beverage and experiential hospitality brands. The deal, initially reported on February 4, 2026, allows Okmin to diversify from its traditional focus on oil and gas assets and into the growing consumer lifestyle market.
BevPoint, which recently gained traction with its acquisition of American Icon Brewery in Vero Beach, Florida, aims to enhance independent brands facing market challenges. The experienced leadership team at BevPoint will leverage their established industry connections to strengthen supply-chain relationships while promoting innovative and immersive brand experiences in beverage and hospitality.
Following the completion of this acquisition, Chris Sellers, a seasoned professional with over 25 years in the industry, will serve as the Chief Executive Officer of the newly formed entity. Okmin President, Jonathan Herzog, who will transition to the role of Chairman of the Board, also emphasized the potential for transformative growth in tapping into the BevPoint vision alongside Okmin’s extensive network.
Under the terms of the acquisition agreement, Okmin will issue 220 million shares of common stock to BevPoint's stakeholders, granting them majority control of the Company upon closing, anticipated by the end of Q1 2026. The agreement also includes performance-based earn-out provisions.
As part of the transaction, Okmin plans to rebrand itself as BevPoint, Inc., illustrating its strategic pivot towards a business model that focuses on culturally resonant consumer experiences. This acquisition not only marks a significant shift for Okmin but is seen as an opportunity for investors to engage in a rapidly evolving sector combining craft beverage culture and hospitality.
MWN-AI** Analysis
The recent announcement by Okmin Resources Inc. regarding its agreement to acquire BevPoint Capital LP signals a noteworthy strategic shift for the company, transitioning from its traditional focus on energy assets to the burgeoning craft beverage and experiential hospitality sectors. This acquisition, which includes the control of American Icon Brewery, positions Okmin to capitalize on the growing consumer demand for immersive and authentic experiences in the lifestyle market.
From an investment perspective, this merger could lead to a robust appreciation of Okmin’s stock. The issuance of 220 million shares as part of the agreement may initially dilute equity, but the transformative growth potential touted by leadership could outweigh this drawback in the long run. Under the leadership of Chris Sellers and Jonathan Herzog, both seasoned executives, BevPoint is expected to groom valuable supply-chain networks and cultivate engaging brands that resonate with consumers seeking unique experiences.
Investors should closely monitor the success of BevPoint's expansion strategies and operational milestones post-acquisition. The earn-out provisions contingent on revenue ambitions indicate a performance-driven approach, which aligns with long-term shareholder value creation. However, it’s crucial to acknowledge the inherent risks involved: transitioning to a new sector poses operational and market challenges, and the initial capital requirement of $730,000 will necessitate careful financial management.
In conclusion, while Okmin's pivot towards a consumer-oriented strategy represents a potential growth avenue, investors should exercise caution and conduct thorough due diligence, particularly focusing on the execution of the integration process with BevPoint and the broader market reception of their newly curated brand offerings. Keeping an eye on performance benchmarks will be essential to assess the viability of this venture in redefining Okmin’s market position.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
ENCINO, Calif., Feb. 11, 2026 (GLOBE NEWSWIRE) -- Okmin Resources Inc. ("Okmin" or the "Company") announced on February 4, 2026 it has entered into an Agreement to acquire BevPoint Capital LP (“BevPoint”), marking a strategic shift and diversification for the Company.
BevPoint is building a national portfolio of craft beverage and experiential hospitality brands, anchored by its recent acquisition of American Icon Brewery in Vero Beach, Florida. The company is positioned to pursue additional opportunities across beverage, hospitality, and experience-driven assets.
BevPoint's leadership brings deep experience across beverage, hospitality, and entertainment. The company partners with authentic, independent brands facing operational constraints despite strong consumer demand. Leveraging this expertise, BevPoint strengthens supply-chain relationships and scales immersive concepts that integrate beverage innovation, culinary creativity, music, and entertainment, supporting the development of culturally relevant destinations that drive engagement, brand loyalty, and long-term enterprise value.
Upon closing, Chris Sellers, a veteran industry executive with more than 25 years of leadership experience in sales and operations, including prior roles as President of two beverage companies, will assume the role of Chief Executive Officer. Jonathan Herzog, President of Okmin and incoming Chairman of the Board, brings more than 25 years of corporate and senior management experience across both private and public companies.
“Bringing the BevPoint vision to the public markets positions us for transformative growth,” said Sellers. “We believe the BevPoint story, paired with Okmin’s network and team, will create a compelling opportunity to scale authentic consumer experiences nationwide.”
“This transaction represents a unique opportunity for Okmin,” said Jonathan Herzog, President of Okmin. “BevPoint brings a proven operating vision, authentic brands, and a scalable model well suited for the public markets. We believe this business is uniquely positioned to expand culture-driven consumer experiences while delivering long-term value for shareholders. As we continue to consolidate and refocus our existing interests in the energy sector, this transaction marks an exciting new direction for the company”
Under the terms of the Agreement, upon closing, the Company will issue an aggregate of 220 million shares of its common stock to the partners and management of BevPoint in exchange for 100% of the existing interests of BevPoint, giving the BevPoint interest holders a majority of the issued and outstanding shares of the Company. The transaction also includes additional earn-out consideration contingent upon the achievement of specified revenue and earnings milestones.
The Agreement requires a minimum capital infusion of $730,000 by BevPoint Capital LP prior to closing.
Upon closing the transaction, anticipated by the end of the first quarter of 2026, the Company intends to change its name to BevPoint, Inc. and will apply to change its trading symbol to BVPT.
The transaction remains subject to various approvals, conditions and other customary closing conditions. Additional details of the transaction are available in the Company’s Form 8-K, which has been filed with the Securities and Exchange Commission. For more information visit: https://www.otcmarkets.com/filing/html?id=19116434&guid=T13-kazpYx7fJth
About BevPoint:
BevPoint is an emerging company focused on building a national portfolio of consumer lifestyle brands in the craft beverage and experiential hospitality sectors. As part of its early-stage growth strategy, BevPoint recently acquired control of American Icon Brewery, a well-known craft brewery based in Vero Beach, Florida.
For more information about BevPoint, please visit the Company’s website: www.bev-point.com
About Okmin Resources Inc:
Okmin Resources, Inc. ("Okmin” and the "Company") (OTCQB: OKMN) is a natural resource company historically focused on acquiring, exploring, and developing oil and gas assets in the mid-continent region of the United States. In connection with its proposed acquisition of BevPoint, the Company has begun repositioning its strategic focus away from its legacy energy assets, which it intends to evaluate for potential joint venture or disposition, and toward the consumer-oriented beverage and hospitality sector. For more information about Okmin, please visit the Company’s website: www.okminresources.com.
Okmin is subject to the information and reporting requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and, in accordance with the Exchange Act, the Company files periodic reports, documents, and other information with the Securities and Exchange Commission (the “Commission”) relating to our business, financial statements, and other matters. These filings are available to the public on the Commission’s website at http://www.sec.gov.
Safe Harbor Provision
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expects,” “intends,” “plans,” “projects,” “estimates,” “anticipates,” or “believes” or the negative thereof or any variation thereon or similar terminology or expressions. These forward-looking statements are based upon current estimates and assumptions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from results proposed in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, those factors set forth in the Company’s Annual Report on Form 10-K for the year ended June 30, 2025 and its other filings and submissions with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements. This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.
Investor & Media Contacts:
Jonathan Herzog, President and Chief Executive Officer – Okmin Resources, Inc
Tel: +1 (818) 201-3727
info@okminresources.com
Kristen Rennie -BevPoint
kristen@bdcreativegroup.com
Tel: +1 (843) 505-0547
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0ca05537-ad3c-474e-a4cc-d3a04eda459d
https://www.globenewswire.com/NewsRoom/AttachmentNg/a2760f29-3c0c-411e-9848-128fc3a58f3c
FAQ**
How does Okmin Resources Inc. (OKMN) plan to leverage its existing network to support the growth of BevPoint's craft beverage and hospitality brands post-acquisition?
What specific revenue and earnings milestones must BevPoint achieve to trigger the additional earn-out consideration included in the acquisition deal with Okmin Resources Inc. (OKMN)?
Can Okmin Resources Inc. (OKMN) provide more details on the potential joint venture or disposition plans for its legacy energy assets in light of this strategic shift?
How will the appointment of Chris Sellers as CEO impact the strategic direction and operational efficiency of Okmin Resources Inc. (OKMN) following the acquisition of BevPoint?
**MWN-AI FAQ is based on asking OpenAI questions about Okmin Resources Inc. Com (OTC: OKMN).
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