secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATIVE FOOD HOLDINGS INC (IVFH)
CIK:        0000312257
Form:       8-K
Filed at:   2025-01-07T23:59:59+00:00
Accession:  0001185185-25-000012
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovative Food Holdings acquires LoCo Food Distribution for $358K; expects EPS accretion in 2025
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- Upfront cash $304,269 plus earnout up to $53,430 based on revenue/EBITDA targets; total consideration $357,699.
- LoCo Foods generated ~$4.7M trailing revenue with 200+ Rocky Mountain customers; positive EBITDA before cost savings.
- Acquisition expected to be accretive to EPS in 2025 despite H1 transition costs; lease consolidation and route optimization drive savings.
- Seller Elizabeth Mozer signed 12-month consulting agreement; business managed by Golden Organics President Taeshaud Jackson and LoCo employee Sam Novotny.
- Deal closed Dec 20, 2024; all long-term debt extinguished; past due payables brought current.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/312257/000118518525000012/0001185185-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/312257/000118518525000012/innovfood20250106_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-25-000012

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