secwatch.observer — SEC 8-K summary
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Issuer:     INVO Fertility, Inc. (IVF)
CIK:        0001417926
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001493152-23-008723
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

INVO signs binding agreements to acquire Wisconsin Fertility Institute for $10M
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- Purchase price $10M payable over 3 years: $2.5M cash at close, then $2.5M annually in cash or stock at fixed prices.
- Target generated ~$5.5M revenue and ~$1.9M net income (trailing 12 months ending Sep 30, 2022).
- Closing expected Q2 2023; clinic will become wholly owned subsidiary.
- Dr. Elizabeth Pritts remains lead physician for minimum 3 years post-close.
- Also issued $135K convertible notes ($0.60 conversion) and 5-year warrants ($1.00 exercise).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1417926/000149315223008723/0001493152-23-008723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1417926/000149315223008723/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-008723

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