---
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"
generated_at: "2026-06-25T23:50:55.565718+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Reviv3 Procare to acquire Axil & Associated Brands for ~$33M in stock, expanding into hearing protection

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001520138-22-000187
- JSON: https://secwatch.observer/filing/0001520138-22-000187.json
- Plain text: https://secwatch.observer/filing/0001520138-22-000187.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.