Joint Corp. agrees to sell 45 Southern California clinics to Elite Chiro Group for $2.3M

JOINT Corp

Total purchase price $2.3M, includes $150k non-refundable down payment; remainder paid into escrow.
Sale covers 45 company-owned/managed clinics in Southern California; clinics will convert to franchise agreements.
Buyer Elite Chiro Group also gets non-exclusive development rights for 10 additional clinics.
Closing for each clinic conditioned on lease assignment; proceeds allocated per clinic schedule.
Seller retains six other California clinics (Midtown Crossing, Inglewood, West Hollywood, Santa Monica, Mission Viejo, San Marcos).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

JOINT Corp entered into Elite Chiro Group Purchase Agreement with Elite Chiro Group valued at $2.3 million (effective 2026-04-20).

Action: entry
Agreement: asset purchase
Counterparty: Elite Chiro Group
Value: $2.3 million
Effective: 2026-04-20

Exact text from the filing

On April 20, 2026, we entered into an Asset Purchase Agreement (the “Elite Chiro Group Purchase Agreement”) with Elite Chiro Group, a California corporation (“Elite Chiro Group”), as buyer, and Gadi Emein, an individual (“Emein”), as guarantor, pursuant to which we will sell to Elite Chiro Group the assets of, and grant franchise rights to, 45 company-owned or managed clinics located in Southern California (the “Elite Chiro Group Transaction”) for an aggregate purchase price of $2.3 million, subject to certain adjustments (the “Purchase Price”).

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Source: SEC EDGAR

accession 0001612630-26-000036

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