secwatch.observer — SEC 8-K summary
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Issuer:     SMART FOR LIFE, INC. (—)
CIK:        0001851860
Form:       8-K
Filed at:   2024-10-04T23:59:59+00:00
Accession:  0001213900-24-085611
Event type: m_and_a
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smart for Life signs $2.5M acquisition of Hyperion/OPM; sells 49% interest for $1
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- Acquired Hyperion, L.L.C. and Online Publishing & Marketing, LLC for $2.5M aggregate purchase price, subject to debt-free condition at closing.
- Affiliates of First Health FL LLC exercised option to acquire Company's remaining 49% interest in Buyer for $1.00, effective Oct 2, 2024.
- Pro forma for the disposition shows 2023 revenue reduced from $8.2M to $5.0M and net loss increased from $22.7M to $26.3M.
- Company's common stock delisted from Nasdaq; now quoted on OTC Pink under symbol SMFL.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851860/000121390024085611/0001213900-24-085611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851860/000121390024085611/ea0216750-8k_smart.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-085611

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