---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-127766"
form_type: "8-K"
ticker: null
cik: "0001813914"
company_name: "CareMax, Inc."
filed_at: "2024-11-18T23:59:59+00:00"
generated_at: "2026-05-29T23:10:56.381166+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# CareMax files Chapter 11; secures $122M DIP financing; ACO sale to RHG for $10M

## Summary
- Chapter 11 filed Nov 17, 2024 in N.D. Texas; company operates as debtor-in-possession.
- DIP facility up to $122M: $12M interim, $18.5M final new money plus $91.5M roll-up; interest SOFR+11%.
- ACO SPA: RHG Network to buy ACO entities for $10M plus 2023/2024 MSSP payments; subject to Bankruptcy Court approval.
- CFO Kevin Wirges granted $250K retention bonus; vests by Mar 15, 2025 or upon restructuring or change in control.
- Company warns equity holders face significant or complete loss; expects delisting of CMAX and CMAXW from Nasdaq.

## SEC filing metadata
- accession: 0000950170-24-127766
- form_type: 8-K
- cik: 0001813914
- company_name: CareMax, Inc.
- filed_at: 2024-11-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.03, 2.04, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1813914/000095017024127766/0000950170-24-127766-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813914/000095017024127766/cmax-20241115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-127766
- JSON: https://secwatch.observer/filing/0000950170-24-127766.json
- Plain text: https://secwatch.observer/filing/0000950170-24-127766.txt

## Key facts
- Distress & Bankruptcy
  CareMax, Inc. entered chapter 11 in U.S. Bankruptcy Court for the Northern District of Texas (petition 2024-11-17).
  - Proceeding: chapter 11
  - Court: U.S. Bankruptcy Court for the Northern District of Texas
  - Petition: 2024-11-17
  source text: On November 17, 2024, CareMax, Inc., a Delaware corporation (the “ Company ”), and certain of its controlled affiliates (such affiliates, together with the Company, the “ Debtors ”) commenced filing voluntary petitions (the “ Chapter 11 Cases ”) in the U.S. Bankruptcy Court for the Northern District of Texas (the “ Bankruptcy Court ”) seeking relief under chapter 11 of title 11 of the U.S. Code (the “ Bankruptcy Code ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813914/000095017024127766/0000950170-24-127766-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.