secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM)
CIK:        0001355839
Form:       8-K
Filed at:   2025-01-02T23:59:59+00:00
Accession:  0001213900-25-000379
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 3.03, 5.03, 5.02, 5.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paltalk completes acquisition of NTS and divests consumer apps; renamed 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1355839/000121390025000379/0001213900-25-000379-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1355839/000121390025000379/ea0226465-8k_intelli.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-000379

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer