---
schema_version: "secwatch.filing_event.v1"
accession: "0001520138-22-000266"
form_type: "8-K"
ticker: "AXIL"
cik: "0001718500"
company_name: "Axil Brands, Inc."
filed_at: "2022-06-22T23:59:59+00:00"
generated_at: "2026-06-25T00:02:57.909148+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Reviv3 completes acquisition of substantially all assets of AXIL & Associated Brands for $32.3M in stock

## Summary
- Purchase price: 73.2M common shares and 250M non-voting Series A Preferred shares, aggregate value $32.3M.
- Valuation reflects 25.9% discount to average closing price over 22-day period ended April 29, 2022.
- Preferred shares cannot be converted or transferred for two years; conversion capped at 5% ownership thereafter.
- Intrepid Global Advisors, whose managing director is CEO Jeff Toghraie, holds 22.33% of Reviv3 common stock.
- Acquisition excludes Axil's hearing aid line of business; Axil continues to operate that segment.

## SEC filing metadata
- accession: 0001520138-22-000266
- form_type: 8-K
- ticker: AXIL
- cik: 0001718500
- company_name: Axil Brands, Inc.
- filed_at: 2022-06-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 3.02, 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718500/000152013822000266/0001520138-22-000266-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718500/000152013822000266/rviv-20220616_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001520138-22-000266
- JSON: https://secwatch.observer/filing/0001520138-22-000266.json
- Plain text: https://secwatch.observer/filing/0001520138-22-000266.txt

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