{"schema_version":"secwatch.filing_event.v1","accession":"0001520138-22-000187","form_type":"8-K","ticker":"AXIL","cik":"0001718500","company_name":"Axil Brands, Inc.","filed_at":"2022-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:04:01.983027+00:00","generated_at":"2026-06-25T23:50:55.565718+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Reviv3 Procare to acquire Axil & Associated Brands for ~$33M in stock, expanding into hearing protection","bullets":["Purchase price of $33.3M via 73.2M common shares and 250M non-voting preferred shares convertible 1:1; 25.9% discount to 22-day VWAP.","Acquired assets include ear plugs, ear muffs, and ear buds; Axil retains its hearing aid line.","Closing requires shareholder approvals and a 5-to-1 reverse stock split within 90 days post-closing.","Preferred shares subject to 2-year lock-up; no conversion or transfer during that period, with 5% beneficial ownership cap thereafter.","Transaction approved by both boards; expected to close within 90 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001520138-22-000187","json":"https://secwatch.observer/filing/0001520138-22-000187.json","markdown":"https://secwatch.observer/filing/0001520138-22-000187.md","text":"https://secwatch.observer/filing/0001520138-22-000187.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1718500/000152013822000187/0001520138-22-000187-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1718500/000152013822000187/rviv-20220505_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T23:50:55.565718+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}