FAMILY OFFICE OF AMERICA, INC. (FOFA): M&A transaction — Family Office of America acquires accounting service assets from Toone & Associates for $1.5M

FAMILY OFFICE OF AMERICA, INC.

Asset Purchase Agreement to buy accounting service assets from Toone & Associates, LLP.
Total purchase price $1,500,000: $750,000 at closing, $450,000 due Oct 1, 2026, $300,000 due May 1, 2027.
Price subject to downward adjustment based on 12-month post-closing revenue and EBITDA.
Acquisition closed on October 3, 2025, with initial payment made.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

FAMILY OFFICE OF AMERICA, INC. completed an acquisition involving Toone & Associates, LLP for $1,500,000 (closed 2025-10-03).

Action: acquisition
Counterparty: Toone & Associates, LLP
Consideration: $1,500,000
Closing: 2025-10-03

Exact text from the filing

Asset Purchase Agreement (the “ Asset Purchase Agreement ”) with Toone & Associates, LLP to purchase (the “ Acquisition ”) its accounting service assets for a purchase price of $1,500,000, payable $750,000 at closing, $450,000 on October 1, 2026, and $300,000 on May 1, 2027, and subject to downward adjustment based on revenues and EBITDA generated from the purchased

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Source: SEC EDGAR

accession 0001493152-25-017340

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