Innovative Food Holdings Files 8-K
Ticker: IVFH · Form: 8-K · Filed: Jan 7, 2025 · CIK: 312257
Sentiment: neutral
Topics: 8-K, disclosure, financials
TL;DR
IFHD filed an 8-K on Dec 20, 2024, for other events and financials.
AI Summary
Innovative Food Holdings, Inc. filed an 8-K on January 7, 2025, reporting events that occurred on December 20, 2024. The filing pertains to "Other Events" and "Financial Statements and Exhibits." The company, formerly known as Alpha Solarco Inc., is incorporated in Florida and its principal executive offices are located in Bonita Springs, Florida.
Why It Matters
This 8-K filing indicates that Innovative Food Holdings, Inc. is providing updates or disclosures to the SEC regarding significant events or financial information, which is crucial for investors to stay informed about the company's status.
Risk Assessment
Risk Level: low — This filing is a routine disclosure and does not contain information that inherently increases risk.
Key Numbers
- 000-09376 — SEC File Number (Identifies the company's filing history with the SEC.)
- 20-1167761 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Innovative Food Holdings, Inc. (company) — Registrant
- Alpha Solarco Inc. (company) — Former company name
- December 20, 2024 (date) — Earliest event reported date
- January 7, 2025 (date) — Filing date
- Florida (location) — State of incorporation
- Bonita Springs, Florida (location) — Principal executive offices location
FAQ
What specific 'Other Events' are being reported by Innovative Food Holdings, Inc. on December 20, 2024?
The provided text does not detail the specific 'Other Events' reported; it only lists the category.
What financial statements or exhibits are included in this 8-K filing?
The filing indicates that 'Financial Statements and Exhibits' are part of the report, but the specific contents are not detailed in the provided text.
When was Innovative Food Holdings, Inc. formerly known as Alpha Solarco Inc.?
The date of the name change from Alpha Solarco Inc. to Innovative Food Holdings, Inc. is not specified in this excerpt.
What is the business address and phone number for Innovative Food Holdings, Inc.?
The business address is 9696 Bonita Beach Road, Suite 208, Bonita Springs, Florida 34135, and the phone number is (239) 596-0204.
What is the SIC code for Innovative Food Holdings, Inc.?
The Standard Industrial Classification (SIC) code is 5141 for Wholesale - Groceries & General Line.
Filing Stats: 665 words · 3 min read · ~2 pages · Grade level 12.3 · Accepted 2025-01-07 16:10:31
Key Financial Figures
- $304,268.85 — on") for an aggregate purchase price of $304,268.85 (the "Purchase Price"), which price is
- $53,430 — , if earned, Golden will pay the Seller $53,430 (the "Earnout Amount") if, in the twelv
Filing Documents
- innovfood20250106_8k.htm (8-K) — 26KB
- ex_762735.htm (EX-99.1) — 14KB
- ivfh_logo1.jpg (GRAPHIC) — 4KB
- 0001185185-25-000012.txt ( ) — 169KB
- ivfh-20241220.xsd (EX-101.SCH) — 3KB
- ivfh-20241220_lab.xml (EX-101.LAB) — 19KB
- ivfh-20241220_pre.xml (EX-101.PRE) — 10KB
- innovfood20250106_8k_htm.xml (XML) — 3KB
01
Item 8.01 Other Events. On December 20, 2024, Golden Organics, Inc. ("Golden"), a subsidiary of Innovative Food Holdings, Inc. (the "Company"), entered into an asset purchase agreement (the "APA") with LoCo Food Distribution LLC, a Colorado limited liability company (the "Seller"), and Elizabeth G. Mozer and Benjamin Mozer (each an "Owner," collectively, the "Owners" and together with Seller, collectively, the "Seller Parties"). Pursuant to the APA, Golden has agreed to (i) purchase substantially all of the properties, business, and assets of the Seller used and/or useful in the operation of the Seller's business of sourcing and wholesaling food products (the "Business") and (ii) assume certain liabilities and obligations of the Seller (such transaction, the "Transaction") for an aggregate purchase price of $304,268.85 (the "Purchase Price"), which price is payable to the Seller's lenders for all outstanding and unpaid indebtedness of the Seller as of the closing of the Transaction. In addition, as an adjustment to the Purchase Price, if earned, Golden will pay the Seller $53,430 (the "Earnout Amount") if, in the twelve-month period, the Business achieves certain revenue and adjusted EBITDA targets. The APA contains customary representations and warranties, as well as five-year non-competition and non-solicitation covenants of the Seller Parties and indemnification of Golden by the Seller Parties. In connection with the APA, Ms. Mozer entered into a consulting services agreement with Golden to provide consulting services for a period of twelve (12) months with the option to extend on a month-to-month basis with respect to the transitioning of the relationships and knowledge concerning the Business, which agreement also contains a two-year non-solicitation provision. The Transaction was closed the same day on December 20, 2024. On January 7, 2025, the Company issued a press release announcing the entry of the APA. A copy of the press release is furnished as E
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit Description 99.1 Press Release, dated January 7, 2025. 104 Cover Page Interactive Data File (formatted as Inline XBRL)
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: January 7, 2025 By: /s/ Robert William Bennett Robert William Bennett Chief Executive Officer