share_log

Smart for Life | 8-K: Current report

Smart for Life | 8-K:重大事件

SEC announcement ·  04/10 05:06
牛牛AI助理已提取核心訊息
Smart for Life, Inc., a health and wellness company, has entered into a definitive agreement to acquire Purely Optimal Nutrition Inc., a North American eCommerce nutraceuticals company. The acquisition, announced on April 8, 2024, is valued at $11,965,966.10, comprising $7,859,579.66 in cash and $4,106,386.44 in newly issued series D convertible preferred stock. The purchase price is based on a six times multiple of Purely Optimal's estimated EBITDA for the twelve-month period ending November 30, 2023. Adjustments to the purchase price will be made based on inventory levels and outstanding indebtedness at closing. The agreement includes a two-year non-compete clause for the sellers and mutual indemnification provisions for breaches of representations, warranties, and covenants. The closing of the acquisition is subject to customary conditions, including due diligence, regulatory approvals, and acquisition financing. Smart for Life expects the acquisition to contribute over $8 million in annualized revenue and over $1 million in adjusted EBITDA. The acquisition aligns with Smart for Life's 'Buy-and-Build' strategy to become a major international player in the Health & Wellness sector.
Smart for Life, Inc., a health and wellness company, has entered into a definitive agreement to acquire Purely Optimal Nutrition Inc., a North American eCommerce nutraceuticals company. The acquisition, announced on April 8, 2024, is valued at $11,965,966.10, comprising $7,859,579.66 in cash and $4,106,386.44 in newly issued series D convertible preferred stock. The purchase price is based on a six times multiple of Purely Optimal's estimated EBITDA for the twelve-month period ending November 30, 2023. Adjustments to the purchase price will be made based on inventory levels and outstanding indebtedness at closing. The agreement includes a two-year non-compete clause for the sellers and mutual indemnification provisions for breaches of representations, warranties, and covenants. The closing of the acquisition is subject to customary conditions, including due diligence, regulatory approvals, and acquisition financing. Smart for Life expects the acquisition to contribute over $8 million in annualized revenue and over $1 million in adjusted EBITDA. The acquisition aligns with Smart for Life's 'Buy-and-Build' strategy to become a major international player in the Health & Wellness sector.
健康和保健公司Smart for Life, Inc. 已簽訂最終協議,收購北美電子商務營養品公司Purely Optimal Nutrition Inc.。此次收購於2024年4月8日宣佈,價值11,965,966.10美元,包括7,859,579.66美元的現金和4,106,386.44美元的新發行的D系列可轉換優先股。收購價格基於Purely Optimal在截至2023年11月30日的十二個月期間預計息稅折舊攤銷前利潤的六倍數。收購價格將根據庫存水平和收盤時的未償債務進行調整。該協議包括一項爲期兩年的賣方禁止競爭條款,以及對違反陳述、擔保和契約的相互賠償條款。收購的完成受慣例條件的約束...展開全部
健康和保健公司Smart for Life, Inc. 已簽訂最終協議,收購北美電子商務營養品公司Purely Optimal Nutrition Inc.。此次收購於2024年4月8日宣佈,價值11,965,966.10美元,包括7,859,579.66美元的現金和4,106,386.44美元的新發行的D系列可轉換優先股。收購價格基於Purely Optimal在截至2023年11月30日的十二個月期間預計息稅折舊攤銷前利潤的六倍數。收購價格將根據庫存水平和收盤時的未償債務進行調整。該協議包括一項爲期兩年的賣方禁止競爭條款,以及對違反陳述、擔保和契約的相互賠償條款。收購的完成受慣例條件的約束,包括盡職調查、監管部門的批准和收購融資。Smart for Life預計,此次收購將帶來超過800萬美元的年化收入和超過100萬美元的調整後息稅折舊攤銷前利潤。此次收購符合Smart for Life的 “購買並建造” 戰略,該戰略旨在成爲健康與保健領域的主要國際參與者。

譯文內容由第三人軟體翻譯。


牛牛AI助手部分由第三方人工智慧模型基於資訊內容自動產生,只对除中国内地以外的地区提供。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。