---
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"
generated_at: "2026-06-10T08:05:26.524110+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FitLife Brands to acquire substantially all assets of MusclePharm for $18.5M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-026948
- JSON: https://secwatch.observer/filing/0001437749-23-026948.json
- Plain text: https://secwatch.observer/filing/0001437749-23-026948.txt

## Key facts
- Material Agreements
  FITLIFE BRANDS, INC. entered into Asset Purchase and Sale Agreement with MusclePharm Corporation valued at $18.5 million (effective 2023-09-21).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: MusclePharm Corporation
  - Value: $18.5 million
  - Effective: 2023-09-21
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1374328/000143774923026948/0001437749-23-026948-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.