FOFA 8-K
Family Office Of America, Inc. (FOFA)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 1.01 Entry into a Material Definitive Agreement.
On or about October 1, 2025, Family Office of America, Inc. (the “Company”) entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) with Toone & Associates, LLP to purchase (the “Acquisition”) its accounting service assets for a purchase price of $1,500,000, payable $750,000 at closing, $450,000 on October 1, 2026, and $300,000 on May 1, 2027, and subject to downward adjustment based on revenues and EBITDA generated from the purchased assets during the twelve months following closing.
On or about October 3, 2025, the Company closed the Purchase, paying the initial required portion of the purchase price.
Item 2.01 Completion of Acquisition or Disposition of Assets.
The disclosure in Item 1.01 is incorporated by reference into this Item 2.01.
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, thereunto duly authorized.
| Family Office of America, Inc. | ||
| Date: October 7, 2025 | By: | /s/ Patrick Adams |
| Patrick Adams | ||
| Acting Chief Executive Officer | ||