8-K filed January 2, 2025, 6:59 PM ET ticker IPM CIK 0001355839

M&A confidence high sentiment neutral materiality 0.85

INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM): M&A transaction — Paltalk completes acquisition of NTS and divests consumer apps; renamed Intelligent Protection Management Corp.

INTELLIGENT PROTECTION MANAGEMENT CORP.

Acquired Newtek Technology Solutions for $4M cash and 4M shares of Series A Non-Voting Convertible Stock; up to $5M earn-out based on 2025-2026 EBITDA.
Divested Vumber, Paltalk, and Camfrog apps to Meteor Mobile for $1.35M cash plus earn-out; acceleration payments capped at $5M.
Company renamed to Intelligent Protection Management Corp.; ticker changes from PALT to IPM effective Jan 6, 2025.
Appointed Jared Mills (former NTS President) as President; Adam Zalko promoted to COO; Kara Jenny salary increased to $310,000.
Entered new employment agreements with top executives; severance terms include one times salary (min 4 months).

item 1.01 item 2.01 item 3.02 item 3.03 item 5.03 item 5.02 item 5.05 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Adam Zalko

Chief Operating Officer

IPM · INTELLIGENT PROTECTION MANAGEMENT CORP.

Filed: January 2, 2025, 6:59 PM ET

Adam Zalko Senior Vice President Chief Operating Officer

Role change

Jason Katz

Chief Executive Officer

IPM · INTELLIGENT PROTECTION MANAGEMENT CORP.

Filed: January 2, 2025, 6:59 PM ET

Jason Katz Chief Executive Officer, President and Chief Operating Officer Chief Executive Officer

Appointed

Jared Mills

President

IPM · INTELLIGENT PROTECTION MANAGEMENT CORP.

Filed: January 2, 2025, 6:59 PM ET

appointed Jared Mills, who previously served as the President of NTS, as the Company’s President

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Adam Zalko changed role as Chief Operating Officer at INTELLIGENT PROTECTION MANAGEMENT CORP..

Action: title change
Role: Chief Operating Officer

Exact text from the filing

Adam Zalko Senior Vice President Chief Operating Officer

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jason Katz changed role as Chief Executive Officer at INTELLIGENT PROTECTION MANAGEMENT CORP..

Action: title change
Role: Chief Executive Officer

Exact text from the filing

Jason Katz Chief Executive Officer, President and Chief Operating Officer Chief Executive Officer

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jared Mills was appointed as President at INTELLIGENT PROTECTION MANAGEMENT CORP..

Action: appointed
Role: President

Exact text from the filing

appointed Jared Mills, who previously served as the President of NTS, as the Company’s President

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

INTELLIGENT PROTECTION MANAGEMENT CORP.: Adopted an amended Code of Conduct applicable to all employees, officers and directors.

Change: code of ethics

Exact text from the filing

effective on the Closing Date, the Board approved and adopted an amended Code of Conduct (the “ Code of Conduct ”) applicable to all employees, officers and directors of the Company, including its Chief Executive Officer, Chief Financial Officer and other executive officers

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

INTELLIGENT PROTECTION MANAGEMENT CORP.: Amended bylaws to reflect the new corporate name.

Change: bylaw amendment

Exact text from the filing

the Board authorized and approved an amendment to the Amended and Restated Bylaws of the Company (the “ Bylaws ”) to update the Bylaws to reflect the Company’s new name (the “ Bylaws Amendment ”)

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

INTELLIGENT PROTECTION MANAGEMENT CORP.: Changed corporate name from Paltalk, Inc. to Intelligent Protection Management Corp.

Change: charter amendment

Exact text from the filing

the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation, as amended (the “ Charter ” and such amendment, the “ Charter Amendment ”), to change its corporate name from “Paltalk, Inc.” to “Intelligent Protection Management Corp.”, effective as of the Closing Date

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

INTELLIGENT PROTECTION MANAGEMENT CORP. completed an acquisition involving NewtekOne, Inc. for aggregate consideration delivered by the Company to Newtek at the Acquisition Closing consisted of (i) $4,000,000 in cash (as adjusted pursuant to the Acquisiti (closed 2025-01-02).

Action: acquisition
Counterparty: NewtekOne, Inc.
Consideration: aggregate consideration delivered by the Company to Newtek at the Acquisition Closing consisted of (i) $4,000,000 in cash (as adjusted pursuant to the Acquisiti
Closing: 2025-01-02

Exact text from the filing

announced Acquisition of NTS pursuant to the Acquisition Agreement. The aggregate consideration delivered by the Company to Newtek at the Acquisition Closing consisted of (i) $4,000,000 in cash (as adjusted pursuant to the Acquisition Agreement, the “ Acquisition Closing Cash Consideration ”) and (ii) 4,000,000 shares of the Company’s Series A Non-Voting Common

View on SEC.gov

71 governance changes filed in the last 30 days. Browse all governance changes →

INTELLIGENT PROTECTION MANAGEMENT CORP. filing history →

Source: SEC EDGAR

accession 0001213900-25-000379

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