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

Issuer:     LIMEADE, INC (—)
CIK:        0001381507
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001381507-23-000044
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.02, 2.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limeade acquired by WebMD Health Corp for ~$74M; deal closed Aug 9, 2023
------------------------------------------------------------------------

- Total merger consideration ~$74M; shareholders receive $0.425 AUD (~$0.284 USD) per share.
- Comerica Bank loan agreement fully repaid and terminated upon close.
- Board replaced: Blake DeSimone appointed director; prior directors Elizabeth Bastoni, Henry Albrecht, others resigned.
- New officers from WebMD appointed; prior officers Henry Albrecht, Dave Smith, Elizabeth Carver, others depart.
- Company becomes wholly owned subsidiary of WebMD; common stock ceases trading.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1381507/000138150723000044/0001381507-23-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1381507/000138150723000044/lme-20230809.htm
  HTML page:      https://secwatch.observer/filing/0001381507-23-000044

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