Form 8-K - Current report
18 Novembre 2024 - 2:15PM
Edgar (US Regulatory)
false
0001374328
0001374328
2024-11-18
2024-11-18
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 18, 2024
Commission File Number: 000-52369
FitLife Brands, Inc.
(Exact name of registrant as specified in its charter.)
Nevada
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20-3464383
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(State or other jurisdiction of incorporation
or organization)
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(IRS Employer Identification No.)
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5214 S. 136th Street, Omaha, Nebraska 68137
(Address of principal executive offices)
402-884-1894
(Registrant's Telephone number)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of exchange on which registered
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Common Stock, par value $0.01 per share
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FTLF
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Nasdaq Capital Market
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2)
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
On November 18, 2024, FitLife Brands, Inc. (the “Company”) issued a press release responding to questions from investors related to the Company’s registration statement on Form S-3. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
The information in Item 8.01 and Exhibit 99.1 to this Current Report on Form 8-K is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that section, nor shall it be deemed 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
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Financial Statements and Exhibits.
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(d) Exhibits Index
Exhibit
No.
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Description
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99.1
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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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.
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FitLife Brands, Inc.
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Date: November 18, 2024
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By:
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/s/ Dayton Judd
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Dayton Judd
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Chief Executive Officer
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Exhibit 99.1
FitLife Brands Responds to Investor Questions Regarding Registration Statement
OMAHA, NE – November 18, 2024 – FitLife Brands, Inc. (“FitLife,” or the “Company”) (Nasdaq: FTLF), a provider of innovative and proprietary nutritional supplements and wellness products, today responds to questions from investors regarding its filing of a registration statement with the SEC.
On Thursday, November 14th, 2024, the Company filed a shelf registration statement on Form S-3 with the SEC. On its earnings call, the Company addressed the filing of the S-3. In response to investor questions, the Company is repeating the information provided by management on the earnings call.
In his prepared remarks during the conference call, the Company’s CEO, Dayton Judd, stated, “This afternoon, the Company filed a shelf registration statement with the SEC, and I want to take a few minutes to talk through that decision. Close to 50% of eligible exchange-traded companies in the U.S. have an effective shelf registration statement. These are inexpensive to put in place, but they provide a high degree of flexibility if a scenario ever arises where a company wants to raise capital.
“When declared effective, our shelf will permit sales of stock by either the Company or by Sudbury Capital Fund, our largest shareholder, in a registered offering. You can look at our track record of not diluting shareholders over the years and be confident that if the Company ever decides to sell shares, there will be a really good reason.
“While neither the Company nor Sudbury has any current plans to sell equity, having an effective shelf registration statement is just good corporate hygiene, and that is why we are putting one in place.”
Later in the call, in response to an investor question about the S-3, Mr. Judd stated, “The likelihood of us needing to raise equity as a company is very slim.”
The full transcript for the earnings call is available on the investor relations page of the Company’s website.
About FitLife Brands
FitLife Brands is a developer and marketer of innovative and proprietary nutritional supplements and wellness products for health-conscious consumers. FitLife markets over 250 different products primarily online, but also through domestic and international GNC® franchise locations as well as through various retail locations. FitLife is headquartered in Omaha, Nebraska. For more information, please visit our website at www.fitlifebrands.com.
Forward-Looking Statements
Statements in this release that are forward looking involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this news release. Such factors may include, but are not limited to, the ability of the Company to continue to grow revenue, and the Company's ability to continue to achieve positive cash flow given the Company's existing and anticipated operating and other costs. Many of these risks and uncertainties are beyond the Company's control. Reference is made to the discussion of risk factors detailed in the Company's filings with the Securities and Exchange Commission including its reports on Forms 10-K and 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.
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Document And Entity Information
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Nov. 18, 2024 |
Document Information [Line Items] |
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Entity, Registrant Name |
FitLife Brands, Inc.
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8-K
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Document, Period End Date |
Nov. 18, 2024
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Entity, File Number |
000-52369
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Entity, Incorporation, State or Country Code |
NV
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Entity, Tax Identification Number |
20-3464383
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Entity, Address, Address Line One |
5214 S. 136th Street
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Entity, Address, City or Town |
Omaha
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Entity, Address, State or Province |
NE
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Entity, Address, Postal Zip Code |
68137
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402
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Local Phone Number |
884-1894
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FTLF
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NASDAQ
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FitLife Brands (NASDAQ:FTLF)
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