--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-25-000379" form_type: "8-K" ticker: "IPM" cik: "0001355839" company_name: "INTELLIGENT PROTECTION MANAGEMENT CORP." filed_at: "2025-01-02T23:59:59+00:00" generated_at: "2026-05-28T17:58:43.877826+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # Paltalk completes acquisition of NTS and divests consumer apps; renamed Intelligent Protection Management Corp. ## Summary - 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). ## SEC filing metadata - accession: 0001213900-25-000379 - form_type: 8-K - ticker: IPM - cik: 0001355839 - company_name: INTELLIGENT PROTECTION MANAGEMENT CORP. - filed_at: 2025-01-02T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 1.01, 2.01, 3.02, 3.03, 5.03, 5.02, 5.05, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1355839/000121390025000379/0001213900-25-000379-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1355839/000121390025000379/ea0226465-8k_intelli.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-25-000379 - JSON: https://secwatch.observer/filing/0001213900-25-000379.json - Plain text: https://secwatch.observer/filing/0001213900-25-000379.txt ## Key facts - Executive change Adam Zalko changed role as Chief Operating Officer at INTELLIGENT PROTECTION MANAGEMENT CORP.. - Action: title change - Role: Chief Operating Officer source text: Adam Zalko Senior Vice President Chief Operating Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1355839/000121390025000379/0001213900-25-000379-index.htm - Executive change Jason Katz changed role as Chief Executive Officer at INTELLIGENT PROTECTION MANAGEMENT CORP.. - Action: title change - Role: Chief Executive Officer source text: Jason Katz Chief Executive Officer, President and Chief Operating Officer Chief Executive Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1355839/000121390025000379/0001213900-25-000379-index.htm - Executive change Jared Mills was appointed as President at INTELLIGENT PROTECTION MANAGEMENT CORP.. - Action: appointed - Role: President source text: appointed Jared Mills, who previously served as the President of NTS, as the Company’s President evidence_url: https://www.sec.gov/Archives/edgar/data/1355839/000121390025000379/0001213900-25-000379-index.htm - Governance Changes INTELLIGENT PROTECTION MANAGEMENT CORP.: Adopted an amended Code of Conduct applicable to all employees, officers and directors. - Change: code of ethics source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1355839/000121390025000379/0001213900-25-000379-index.htm - Governance Changes INTELLIGENT PROTECTION MANAGEMENT CORP.: Amended bylaws to reflect the new corporate name. - Change: bylaw amendment source text: 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 ”) evidence_url: https://www.sec.gov/Archives/edgar/data/1355839/000121390025000379/0001213900-25-000379-index.htm - Governance Changes INTELLIGENT PROTECTION MANAGEMENT CORP.: Changed corporate name from Paltalk, Inc. to Intelligent Protection Management Corp. - Change: charter amendment source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1355839/000121390025000379/0001213900-25-000379-index.htm - M&A Transactions 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1355839/000121390025000379/0001213900-25-000379-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.