secwatch.observer — SEC 8-K summary
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Issuer:     MedWellAI, Inc. (MWAI)
CIK:        0001520118
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0001477932-24-005464
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Integrated Ventures acquires 51% of Healthy Lifestyle USA LLC for $350,000
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- Total consideration $350,000: $250,000 cash plus 97,087 INTV shares valued at $100,000 based on $1.03 closing.
- MedWell to provide $182,000 interest-free operating loan and up to $300,000 advertising credit line to Healthy Lifestyle.
- Selling members eligible for earn-out contingent on Healthy Lifestyle's financial performance.
- New board will have four members: two designated by Buyer (MedWell/Integrated), two by Sellers.
- Healthy Lifestyle, a Florida LLC formed March 2024, disclosed a liability to GetTrim.com.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520118/000147793224005464/0001477932-24-005464-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520118/000147793224005464/intv_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-005464

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