secwatch.observer — SEC 8-K summary
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Issuer:     Xtant Medical Holdings, Inc. (XTNT)
CIK:        0001453593
Form:       8-K
Filed at:   2025-07-08T23:59:59+00:00
Accession:  0001641172-25-018092
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xtant sells Coflex/CoFix and OUS businesses to Companion Spine for $19.2M
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- Total consideration $19.2M: $11M cash at close plus $8.2M promissory note due Dec. 31, 2025.
- Non-refundable $2.5M deposit paid; up to two additional $2.5M deposits if financing delays occur.
- Net proceeds will reduce debt by $9.6M (prepayment to MidCap) and improve liquidity.
- Closing expected Q3 2025, subject to Companion obtaining financing and other conditions.
- Divestiture sharpens focus on core orthobiologics; certain employees will transition to buyer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1453593/000164117225018092/0001641172-25-018092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1453593/000164117225018092/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-018092

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