Innovative Food Holdings Files 8-K
Ticker: IVFH · Form: 8-K · Filed: Aug 12, 2024 · CIK: 312257
Sentiment: neutral
Topics: material-definitive-agreement, financial-statements, corporate-event
TL;DR
Innovative Food Holdings filed an 8-K on Aug 6th, expect news on agreements & financials.
AI Summary
Innovative Food Holdings, Inc. filed an 8-K on August 12, 2024, reporting on events that occurred on August 6, 2024. The filing indicates the entry into a material definitive agreement, other events, and the submission of financial statements and exhibits. Specific details regarding the agreement or financial statements were not provided in the excerpt.
Why It Matters
This 8-K filing signals significant corporate activity for Innovative Food Holdings, Inc., potentially involving new agreements or financial disclosures that could impact investors.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which could represent significant business changes, but lacks specific details to fully assess the risk.
Key Players & Entities
- Innovative Food Holdings, Inc. (company) — Registrant
- August 6, 2024 (date) — Date of earliest event reported
- August 12, 2024 (date) — Filing date
- Florida (location) — State of incorporation
- 9696 Bonita Beach Rd, Suite 208 (address) — Principal executive offices
FAQ
What was the nature of the material definitive agreement entered into by Innovative Food Holdings, Inc. on August 6, 2024?
The provided excerpt does not specify the details of the material definitive agreement.
What specific 'other events' are being reported by Innovative Food Holdings, Inc. in this 8-K filing?
The excerpt does not provide details on the specific 'other events'.
When was the 8-K filing submitted by Innovative Food Holdings, Inc. to the SEC?
The 8-K filing was submitted on August 12, 2024.
What is the principal executive office address for Innovative Food Holdings, Inc.?
The principal executive office is located at 9696 Bonita Beach Rd, Suite 208, Bonita Springs, Florida 34135.
What is the SIC code for Innovative Food Holdings, Inc.?
The Standard Industrial Classification (SIC) code for Innovative Food Holdings, Inc. is 5141, which corresponds to Wholesale-Groceries & General Line.
Filing Stats: 703 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2024-08-12 17:21:30
Key Financial Figures
- $700,000 — d Assets "), for total consideration of $700,000. At signing, $175,000 was placed into e
- $175,000 — consideration of $700,000. At signing, $175,000 was placed into escrow. At closing, $35
- $350,000 — 000 was placed into escrow. At closing, $350,000 will be paid to igourmet, and the $175,
Filing Documents
- innovfood20240808_8k.htm (8-K) — 26KB
- ex_711079.htm (EX-10.1) — 139KB
- ex_711080.htm (EX-99.1) — 6KB
- ivfh_logo1.jpg (GRAPHIC) — 4KB
- 0001185185-24-000784.txt ( ) — 339KB
- ivfh-20240806.xsd (EX-101.SCH) — 3KB
- ivfh-20240806_def.xml (EX-101.DEF) — 10KB
- ivfh-20240806_lab.xml (EX-101.LAB) — 19KB
- ivfh-20240806_pre.xml (EX-101.PRE) — 10KB
- innovfood20240808_8k_htm.xml (XML) — 3KB
01
Item 1.01 Entry into a Material Definitive Agreement. On August 6, 2024, igourmet LLC (" igourmet "), which is a wholly-owned subsidiary of Innovative Food Holdings, Inc. (the " Company "), and Advansiv Gourmet Group, Inc. (" Buyer ") entered into an Asset Purchase Agreement (the " APA "). Pursuant to the APA, igourmet will sell to Buyer substantially all of its assets related to marketing and selling certain artisan foods and related drop-ship fulfillment services (the " Purchased Assets "), for total consideration of $700,000. At signing, $175,000 was placed into escrow. At closing, $350,000 will be paid to igourmet, and the $175,000 escrow will be released. An additional $175,000 will be paid to igourmet 30 days after closing. The Company expects the transaction to close within the next 30 days. The APA contains customary representations, warranties and covenants, and provides for customary indemnification obligations of the parties. The closing of the transaction contemplated by the APA (the " Transaction ") is subject to customary closing conditions. The foregoing summary of the APA is not complete and is subject to, and qualified in its entirety by, the provisions of the APA, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
01
Item 8.01 Other Events. On August 8, 2024, the Company issued a press release announcing the Transaction. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit Description 10.1+^ Asset Purchase Agreement between igourmet and Advansiv Gourmet Group, Inc., dated August 6, 2024 99.1 Press Release, dated August 8, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL) + Certain portions of this exhibit are omitted pursuant to Item 601(b)(10)(iv) of Regulation S-K because they are not material and are the type that the Company treats as private or confidential. The Company hereby agrees to furnish a copy of any omitted portion to the SEC upon request. ^ Certain portions of the exhibit have been omitted pursuant to Item 601(a)(6) of Regulation S-K. The Company hereby agrees to furnish a copy of any omitted portion to the SEC upon request.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INNOVATIVE FOOD HOLDINGS, INC. Dated: August 12, 2024 By: /s/ Robert William Bennett Robert William Bennett Chief Executive Officer and Director (Principal Executive Officer)