{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-031639","form_type":"8-K","ticker":null,"cik":"0001851860","company_name":"SMART FOR LIFE, INC.","filed_at":"2024-04-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.834392+00:00","generated_at":"2026-06-04T01:07:18.630717+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Smart for Life to acquire Purely Optimal Nutrition for ~$12M; expects >$8M annual revenue","bullets":["Purchase price of $11,965,966 consists of $7,859,580 cash and 18,414 shares of Series D convertible preferred stock.","Acquisition valued at 6x reconstructed EBITDA of approximately $1.47M for the trailing twelve months ended Nov 30, 2023.","Purely Optimal had trailing twelve-month revenue >$8M and adjusted EBITDA >$1M; expected close within 8 weeks.","Sellers agreed to two-year non-compete; indemnification: 10% deductible, 35% cap for non-fundamental breaches."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-031639","json":"https://secwatch.observer/filing/0001213900-24-031639.json","markdown":"https://secwatch.observer/filing/0001213900-24-031639.md","text":"https://secwatch.observer/filing/0001213900-24-031639.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1851860/000121390024031639/0001213900-24-031639-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1851860/000121390024031639/ea0203574-8k_smart.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T01:07:18.630717+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8d613b336f7576d76167e1bc1846dcb9bdf0982b","claim":"SMART FOR LIFE, INC. entered into Purchase Agreement with Purely Optimal Nutrition Inc., Tan Enterprises, Inc., Availiant Holdings Corporation, Dannel Tan, Jason Kwan and Timur Kim valued at $11,965,966.10 (effective 2024-04-03).","evidence_excerpt":"On April 3, 2024, Smart for Life, Inc. (the “ Company ”) entered into a securities purchase agreement (the “ Purchase Agreement ”) with Purely Optimal Nutrition Inc. (“ Purely Optimal ”) and Tan Enterprises, Inc., Availiant Holdings Corporation, Dannel Tan, Jason Kwan and Timur Kim (the “ Sellers ”) pursuant to which the Company agreed to acquire all of the issued and outstanding membership interests of Purely Optimal, a health supplement brand, from the Sellers for an aggregate purchase price of $11,965,966.10","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1851860/000121390024031639/0001213900-24-031639-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Purely Optimal Nutrition Inc., Tan Enterprises, Inc., Availiant Holdings Corporation, Dannel Tan, Jason Kwan and Timur Kim"},{"label":"Value","value":"$11,965,966.10"},{"label":"Effective","value":"2024-04-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}