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FITLIFE BRANDS, INC.

For the period ended Jul 31, 2025. Filed Aug 5, 2025.

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About this filing

A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Jul 31, 2025 · Filed Aug 5, 2025

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Item 1.01 Entry into a Material Definitive Agreement.

On July 31, 2025, the U.S. Bankruptcy Court for the Central District of California (“Bankruptcy Court”) approved the purchase by FitLife Brands, Inc. or its designee or affiliate (the “Company”) of substantially all of the assets of Irwin Naturals, a Nevada corporation (“Irwin”), and its related affiliates, pursuant to an Asset Purchase and Sale Agreement by and between the Company and Irwin (the “APA”) (the “Asset Acquisition”). The APA became effective on July 31, 2025, the date of the Bankruptcy Court’s order approving the sale. Although no assurances can be given, the Company believes the closing of the sale will occur on or around August 8, 2025 (the “Closing”).

The final purchase price for the acquired assets is $42.5 million (the “Purchase Price”), subject to minor customary post-closing adjustments, $5.0 million of which was previously deposited and shall be applied toward the Purchase Price at Closing. The Purchase Price is expected to be funded from available cash and from the proceeds of (i) a new five-year term loan in the amount of $40.625 million, the proceeds of which are partially intended to pay off, retire and replace all existing debt of the Company, amounting to approximately $10.875 million as of the date of this Current Report on Form 8-K, and (ii) up to $10.0 million in a revolving credit facility.

The assets to be purchased by the Company consist primarily of Irwin’s nutritional supplement and wellness business, together with all inventory and supplies, and certain executory contracts necessary to the operation and conduct of the business, each as defined in the APA. The APA is subject to typical representations and warranties, covenants, and conditions.

The foregoing description of the APA is qualified in its entirety by reference to the APA, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 7.01. Regulation FD Disclosure.

On August 5, 2025, the Company issued a press release announcing the Bankruptcy Court's approval of the acquisition of substantially all of the assets of Irwin by the Company. The press release is furnished herewith as Exhibit 99.1.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended and will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by referenced.

Item 9.01 Financial Statements and Exhibits.

A copy of the APA and the press release announcing the transaction are attached to this Current Report on Form 8-K as Exhibits 10.1 and 99.1 respectively.

Exhibit NumberDescription
10.1Asset Purchase and Sale Agreement
99.1Press Release dated August 5, 2025
104Cover Page Interactive Data File (embedded within the Inline XBRL document)
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