---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-004172"
form_type: "8-K"
ticker: "LFMD"
cik: "0000948320"
company_name: "LifeMD, Inc."
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T18:58:03.159980+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# LifeMD amends Cleared Technologies acquisition; purchase price reduced to $3.67M with quarterly payments.

## Summary
- Purchase price reduced by $250,000 to $3,670,000; all earn-out payments eliminated.
- Remaining $3.21M payable in 5 quarterly installments of $642k each, starting Feb 6, 2023 through Jan 15, 2024.
- Buyer may pay installments in cash or common stock (accredited investors, Section 4(a)(2) exemption).
- Mutual release of claims related to indemnification escrow and certain breaches of the Agreement.
- LifeMD to reimburse $10,000 for legal expenses within 5 business days of the effective date.

## SEC filing metadata
- accession: 0001493152-23-004172
- form_type: 8-K
- ticker: LFMD
- cik: 0000948320
- company_name: LifeMD, Inc.
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/948320/000149315223004172/0001493152-23-004172-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/948320/000149315223004172/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-004172
- JSON: https://secwatch.observer/filing/0001493152-23-004172.json
- Plain text: https://secwatch.observer/filing/0001493152-23-004172.txt

## Key facts
- Material Agreements
  LifeMD, Inc. amended First Amendment to the Purchase Agreement (effective 2023-02-04).
  - Action: amendment
  - Agreement: asset purchase
  - Effective: 2023-02-04
  source text: On February 4, 2023, the Company entered into the First Amendment to the Purchase Agreement (the "Amendment"), pursuant to which the Purchase Agreement was amended to, among other things: (i) reduce the total purchase price by $250,000 to a total of $3,670,000;
  evidence_url: https://www.sec.gov/Archives/edgar/data/948320/000149315223004172/0001493152-23-004172-index.htm

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