---
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"
generated_at: "2026-06-04T01:07:18.630717+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Smart for Life to acquire Purely Optimal Nutrition for ~$12M; expects >$8M annual revenue

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-031639
- form_type: 8-K
- cik: 0001851860
- company_name: SMART FOR LIFE, INC.
- filed_at: 2024-04-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-031639
- JSON: https://secwatch.observer/filing/0001213900-24-031639.json
- Plain text: https://secwatch.observer/filing/0001213900-24-031639.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Purely Optimal Nutrition Inc., Tan Enterprises, Inc., Availiant Holdings Corporation, Dannel Tan, Jason Kwan and Timur Kim
  - Value: $11,965,966.10
  - Effective: 2024-04-03
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1851860/000121390024031639/0001213900-24-031639-index.htm

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