secwatch.observer — SEC 8-K summary
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Issuer:     FITLIFE BRANDS, INC. (FTLF)
CIK:        0001374328
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001437749-25-024707
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FitLife Brands to acquire Irwin Naturals for $42.5M; combined revenue >$120M
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- All-cash purchase price of $42.5M (including ~$16M net working capital); no shares issued.
- Expected close Aug 8, 2025; funded via new $40.625M term loan and $10M revolver from First Citizens Bank.
- Pro forma first-year revenue >$120M, adjusted EBITDA $20-25M; pre-synergy multiple <6x EBITDA.
- Pro forma total leverage <2.25x EBITDA; transaction expected to be accretive after transaction costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374328/000143774925024707/0001437749-25-024707-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374328/000143774925024707/ftlf20250804_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-024707

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