secwatch.observer — SEC 8-K summary
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Issuer:     LifeMD, Inc. (LFMD)
CIK:        0000948320
Form:       8-K
Filed at:   2021-10-04T23:59:59+00:00
Accession:  0001493152-21-024517
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LifeMD raises $21.4M from common, $32.9M from preferred stock offerings
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- 3.83M common shares sold at $6.00/share; net proceeds ~$21.4M; $5M used to repay debt.
- 1.4M shares of 8.875% Series A Cumulative Perpetual Preferred at $25.00/share; net ~$32.9M.
- Series A Preferred pays 8.875% cumulative quarterly dividends on $25.00 liquidation preference.
- Proceeds to repay debt, fund dividend account, and for patient acquisition and acquisitions.
- Both offerings closed Oct 4, 2021; underwriters' option exercised in full for common.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/948320/000149315221024517/0001493152-21-024517-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/948320/000149315221024517/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-024517

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