secwatch / observer
8-K filed October 25, 2023, 7:59 PM ET ticker OPRX CIK 0001448431
M&A confidence high sentiment positive materiality 0.85

OptimizeRx Corp (OPRX): M&A transaction — OptimizeRx completes $95M acquisition of Medicx Health; appoints new President and CCO

OptimizeRx Corp

Executive movements

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Appointed

Stephen L. Silvestro

President
OPRX · OptimizeRx Corp
Filed
October 25, 2023, 7:59 PM ET
the Board determined to appoint Stephen L. Silvestro President of the Company effective as of the closing of the Merger.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Stephen L. Silvestro was appointed as President at OptimizeRx Corp.

Action
appointed
Role
President
Exact text from the filing
the Board determined to appoint Stephen L. Silvestro President of the Company effective as of the closing of the Merger.
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

OptimizeRx Corp completed an acquisition involving Healthy Offers, Inc. (d/b/a Medicx Health) for $95,000,000 (closed 2023-10-24).

Action
acquisition
Counterparty
Healthy Offers, Inc. (d/b/a Medicx Health)
Consideration
$95,000,000
Closing
2023-10-24
Exact text from the filing
company and a wholly-owned subsidiary of the Company (the “Merger”). The aggregate merger consideration the Company paid to the Securityholders of Medicx at the closing was $95,000,000, subject to certain customary post-acquisition purchase price adjustments. erger”). The aggregate merger consideration the Company paid to the Securityholders of Medicx at the
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OptimizeRx Corp entered into Subscription Agreement with Medicx Management Investors valued at 1,444,581 shares of common stock for $10.5 million (effective 2023-10-24).

Action
entry
Agreement
equity purchase
Counterparty
Medicx Management Investors
Value
1,444,581 shares of common stock for $10.5 million
Effective
2023-10-24
Exact text from the filing
On October 24, 2023, at the closing of the Merger, each Management Investor executed a common stock purchase agreement (the “Subscription Agreement”) to memorialize his or her purchase.
View on SEC.gov

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OptimizeRx Corp filing history →

Source: SEC EDGAR
accession 0001013762-23-006625
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