secwatch.observer — SEC 8-K summary
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Issuer:     DocGo Inc. (DCGO)
CIK:        0001822359
Form:       8-K
Filed at:   2026-08-17T20:24:52+00:00
Accession:  0001628280-26-057387
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DocGo to acquire Hicuity Health for ~2% stock + earnout; Q2 revenue $73.4M, guidance cut
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- Merger: DocGo acquires Hicuity Health (virtual care) for 2.0% stock + up to 3.5% earnout if market cap hits $250M within 3 years.
- Assumes ~$52M Hicuity debt; Perceptive commits up to $50M new term loans ($12.5M+$12.5M+$25M), maturing Dec 2029.
- Hicuity TTM revenue ~$65M, adjusted EBITDA ~$4.5M; all consideration to Series F preferred holder, other shareholders get nothing.
- Q2 revenue $73.4M (-9% YoY, migrant wind-down); ex-migrant +19%; net loss ($18.0)M vs ($13.3)M; adj EBITDA ($6.3)M.
- FY2026 adj EBITDA guidance cut to ($17-22)M from ($5-10)M; revenue narrowed to $305-310M; cash $48.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822359/000162828026057387/0001628280-26-057387-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822359/000162828026057387/dcgo-20260816.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-057387

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer