{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-028182","form_type":"8-K","ticker":"FTLF","cik":"0001374328","company_name":"FITLIFE BRANDS, INC.","filed_at":"2023-10-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.791341+00:00","generated_at":"2026-06-09T23:56:19.839607+00:00","sec_items":["1.01","2.01","2.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FitLife Brands closes $18.5M acquisition of MusclePharm assets, funded partly by new $10M term loan","bullets":["Total cash consideration ~$18.5M; closed Oct 10, 2023, after US Bankruptcy Court approval.","Funded with $10M term loan from First Citizens Bank (Term B Loan at SOFR+2.75%) plus company cash.","Acquired substantially all assets of MusclePharm; assumed no material liabilities beyond de minimus cure costs.","CEO expects acquisition to drive revenue and earnings growth via expanded distribution and new products.","Term B Loan matures Oct 10, 2028, with quarterly installments; guaranteed by FitLife subsidiaries."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-028182","json":"https://secwatch.observer/filing/0001437749-23-028182.json","markdown":"https://secwatch.observer/filing/0001437749-23-028182.md","text":"https://secwatch.observer/filing/0001437749-23-028182.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1374328/000143774923028182/0001437749-23-028182-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1374328/000143774923028182/ftlf20231010_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T23:56:19.839607+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":"df312491dd96c3c5d76e2b07a36a6f64c2f3a9a8","claim":"FITLIFE BRANDS, INC. incurred term loan of $10.0 million with First Citizens Bank at 2.75% above the one-month forward-looking term rate (the \"Applicable Rate\"), bas maturing October 10, 2028.","evidence_excerpt":"the Bank provided the Company with a Term Loan B for the principal amount of $10.0 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1374328/000143774923028182/0001437749-23-028182-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$10.0 million"},{"label":"Counterparty","value":"First Citizens Bank"},{"label":"Rate","value":"2.75% above the one-month forward-looking term rate (the \"Applicable Rate\"), bas"},{"label":"Maturity","value":"October 10, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"df66f6540944a1c61556c47d1d64f3ec8e38f202","claim":"FITLIFE BRANDS, INC. completed an acquisition involving MusclePharm Corporation for $18.5 million (closed 2023-10-10).","evidence_excerpt":"(the “ Purchase Agreement ”), pursuant to which a subsidiary of the Company agreed to acquire substantially all of MusclePharm’s assets (the “ Assets ”), for a purchase price of $18.5 million, subject to certain adjustments (the “ Purchase Price ”)(the “ Acquisition ”). The Acquisition was consummated on October 10, 2023 (the “ Closing Date ”) in accordance with the","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1374328/000143774923028182/0001437749-23-028182-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"MusclePharm Corporation"},{"label":"Consideration","value":"$18.5 million"},{"label":"Closing","value":"2023-10-10"}],"fact_type":"ma_transaction"},{"claim_id":"2cb15d656804e1c4952f08640cf64bffd649486b","claim":"FITLIFE BRANDS, INC. entered into Second Amended and Restated Credit Agreement with First Citizens Bank valued at $10.0 million (effective 2023-10-10).","evidence_excerpt":"On October 10, 2023 (the “ Closing Date ”), FitLife Brands, Inc. (the “ Company ”) entered into a Second Amended and Restated Credit Agreement with First Citizens Bank (the “ Bank ”), amending and restating that certain Amended and Restated Credit Agreement, dated February 23, 2023","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1374328/000143774923028182/0001437749-23-028182-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"First Citizens Bank"},{"label":"Value","value":"$10.0 million"},{"label":"Effective","value":"2023-10-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}