INVO Fertility settles litigation with Dr. Pritts for $6.01M; issues preferred shares

INVO Fertility, Inc.

Settlement requires Wood Violet to pay Dr. Pritts $6,010,000 in installments through Dec 2026, with $1M already paid.
Remaining payments: $755k due Sep 30, 2025; $755k Dec 31, 2025; $1M Mar 31, 2026; $2M Jun 30, 2026; $500k Dec 31, 2026.
If INVO raises >$2M in any 6-month period, 25% of excess funding accelerates settlement payments.
Institutional investor exercises Additional Investment Right, acquires 400 shares of Series C-2 Preferred for $400k cash, conversion price adjusted to $0.7141.
Settlement terminates all transaction documents, purchase price adjustments, and restrictive covenants; Dr. Pritts released from non-compete.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

INVO Fertility, Inc. issued 400 shares of C-2 Preferred of preferred stock to an institutional investor and existing holder for $400,000.

Security: preferred stock
Shares: 400 shares of C-2 Preferred
Purchaser: an institutional investor and existing holder
Consideration: $400,000

Exact text from the filing

became a party pursuant to a joinder agreement (the “ Joinder Agreement ”) on October 11, 2024), to acquire 400 shares of C-2 Preferred, with an aggregate stated value of $400,000, for $400,000 in cash. As a result of the exercise, the conversion price on the C-2 Preferred adjusted to $0.7141 per share. The C-2 Preferred issued pursuant to this exercise were

View on SEC.gov

25 equity issuances filed in the last 30 days. Browse all equity issuances →

INVO Fertility, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-016850

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.