Lifeway Foods to repurchase 850,340 shares from director Ludmila Smolyansky at $4.70/share (20% discount)

Lifeway Foods, Inc.

Company buys 850,340 shares of common stock from director Ludmila Smolyansky at $4.70 per share.
Price is a 20% discount to the 5-day average closing price prior to agreement date.
Shares will be held in treasury; proceeds used to satisfy Smolyansky's loan with CIBC Bank, releasing pledges.
Amendment extends standstill through 2024 annual meeting and grants company a right of first refusal (subject to Danone's existing ROFR).
Danone's right of first refusal expired or waived as closing condition.

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

Lifeway Foods, Inc. entered into Stock Purchase Agreement with Ludmila Smolyansky valued at $4.70 per share (effective 2022-11-07).

Action: entry
Agreement: equity purchase
Counterparty: Ludmila Smolyansky
Value: $4.70 per share
Effective: 2022-11-07

Exact text from the filing

On November 7, 2022, Lifeway Foods, Inc. (the “Company”) entered into (i) an agreement (the “Stock Purchase Agreement”) with Ludmila Smolyansky (“Ms. Smolyansky”), to purchase 850,340 shares (the “Shares”) of common stock of the Company (the “Common Stock”) from Ms. Smolyansky.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

Lifeway Foods, Inc. amended Amendment with Ms. Smolyansky and Mr. Smolyansky.

Action: amendment
Agreement: settlement
Counterparty: Ms. Smolyansky and Mr. Smolyansky

Exact text from the filing

As a closing condition to the Stock Purchase Agreement, Ms. Smolyansky and Mr. Smolyansky will deliver an executed amendment (the “Amendment”) to that certain Settlement Agreement dated as of July 27, 2022 (the “Settlement Agreement”), between the Company and Ms. Smolyansky and Mr. Smolyansky.

View on SEC.gov

Browse all material agreements →

Lifeway Foods, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-22-007436

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.