secwatch.observer — SEC 8-K summary
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Issuer:     LifeMD, Inc. (LFMD)
CIK:        0000948320
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0001493152-23-004172
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/948320/000149315223004172/0001493152-23-004172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/948320/000149315223004172/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-004172

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