{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-026948","form_type":"8-K","ticker":"FTLF","cik":"0001374328","company_name":"FITLIFE BRANDS, INC.","filed_at":"2023-09-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.733589+00:00","generated_at":"2026-06-10T08:05:26.524110+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"FitLife Brands to acquire substantially all assets of MusclePharm for $18.5M","bullets":["Purchase price of $18.5M all-cash; funded from cash on hand and a $10M term loan from First Citizens Bank at SOFR+275bps.","Transaction expected to close by October 16, 2023; FitLife assumes no liabilities other than de minimis cure costs.","MusclePharm generating ~$1.2-1.5M monthly revenue at 25-30% gross margins during bankruptcy.","FitLife plans to internalize online sales and restore wholesale distribution, targeting higher margins.","Deal is expected to be highly accretive to shareholders after ~$500k in one-time transaction costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-026948","json":"https://secwatch.observer/filing/0001437749-23-026948.json","markdown":"https://secwatch.observer/filing/0001437749-23-026948.md","text":"https://secwatch.observer/filing/0001437749-23-026948.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1374328/000143774923026948/0001437749-23-026948-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1374328/000143774923026948/ftlf20230927_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T08:05:26.524110+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d118d167cc5d34474bdd44bee6ec8e4292bcd1e2","claim":"FITLIFE BRANDS, INC. entered into Asset Purchase and Sale Agreement with MusclePharm Corporation valued at $18.5 million (effective 2023-09-21).","evidence_excerpt":"On September 21, 2023, the U.S. Bankruptcy Court for the District of Nevada (“ Bankruptcy Court ”) approved the purchase by FitLife Brands, Inc. or its designee or affiliate (the “ Company ”) of substantially all assets of MusclePharm Corporation (“ MusclePharm ”), pursuant to an Asset Purchase and Sale Agreement by and between the Company and MusclePharm (the “ APA ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1374328/000143774923026948/0001437749-23-026948-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"MusclePharm Corporation"},{"label":"Value","value":"$18.5 million"},{"label":"Effective","value":"2023-09-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}