M&A
confidence high
sentiment neutral
materiality 0.35
Adia Med sells 7% of Adia Labs LLC to CEO Larry Powalisz for $350,000 cash in related-party deal
Adia Nutrition, Inc.
- Adia Med sold 7 of 100 units in subsidiary Adia Labs LLC to CEO Larry Powalisz for $350,000 cash, or $50,000 per unit, per the Oct 13, 2026 agreement.
- The units carry a 7% membership interest and 7% of total voting power (one vote per unit of 100); operating agreement to be amended at closing.
- Related-party terms: Powalisz buys as an individual; independent directors Monica Sher, M.D. and Richard Edwards, D.O. signed for Adia Med and must jointly approve in writing any use of the proceeds.
- Powalisz has no unilateral authority to direct spending of the purchase price or to approve/execute amendments on the seller's behalf.
- Closing needs full wire payment plus buyer joinder and updated cap table; deal terminates if not closed within 10 days of effectiveness. Live Oak Health (QCM Biologics) consented.