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Adia Med sells Adia Labs units to CEO for $350K

Use of the $350,000 purchase price for corporate purposes requires joint written approval from both independent directors.

(Moderate)

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Form Type
8-K

Rhea-AI Filing Summary

Adia Med, Inc. sold seven membership units in Adia Labs LLC to its Chief Executive Officer, Larry A. Powalisz, for an aggregate purchase price of $350,000, payable entirely in cash. The units represent a 7% membership interest and carry 7% of Adia Labs’ total voting power, assuming 100 issued units and no other units are issued or transferred at closing; economic ownership follows the units.

The agreement requires the Company’s operating agreement to be amended at closing to reflect the units and voting power. The purchase price may be used for Company or Seller corporate purposes only as jointly approved in writing by independent directors Monica Sher, M.D., and Richard Edwards, D.O. Powalisz has no unilateral authority to approve, direct, or decide how the purchase price is used.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Aggregate purchase price $350,000 Price for seven membership units in Adia Labs LLC; payable entirely in cash.
Membership units sold 7 units Units in Adia Labs LLC sold to Larry A. Powalisz.
Membership interest 7% Interest represented by the units, assuming 100 issued units and no other units are issued or transferred at closing.
Voting power 7% Voting power carried by the purchased units.
Assumed issued units 100 units Assumption for the stated 7% membership interest; no other units issued or transferred at closing.
membership interest financial
"seven (7) units of membership interest in the LLC"
voting power financial
"carry seven percent (7%) of the total voting power of the LLC"
Voting power is the ability shareholders have to influence a company's major decisions—like electing the board, approving mergers, or changing corporate rules—based on the voting rights attached to the shares they hold. For investors it matters because greater voting power is like holding more keys to a building: it gives you a stronger say over management choices and the company’s strategy, which can affect future value and risk.
operating agreement technical
"the Company’s operating agreement be amended at closing"
A written agreement that serves as the rulebook for a limited liability company, spelling out how the business is managed, how profits and losses are shared, how decisions are made, and what happens if an owner leaves or the company winds down. Investors care because it determines who controls the company, how and when they get paid or can sell their stake, and what protections or risks exist—like a household’s operating manual that governs day-to-day rules and big decisions.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did ADIA sell its Adia Labs interest for?

Adia Med, Inc. sold seven membership units in Adia Labs LLC to its CEO, Larry A. Powalisz, for an aggregate purchase price of $350,000, payable entirely in cash.

What ownership and voting rights did the ADIA transaction include?

The units represent a 7% membership interest in Adia Labs LLC and carry 7% of its total voting power, assuming 100 issued units and no other units are issued or transferred at closing.

What restrictions apply to the ADIA sale proceeds?

The purchase price may be used for Company or Seller corporate purposes only with written joint approval from independent directors Monica Sher, M.D., and Richard Edwards, D.O. Larry A. Powalisz has no unilateral authority to approve, direct, or decide how the purchase price is used.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0001160420 0001160420 2026-10-13 2026-10-13 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

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): October 13, 2026

 

Commission File Number: 000-33265

 

ADIA MED, INC.
(Exact name of registrant as specified in its charter)

 

nevada 35-2829671
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)

 

4421 Gabriella Lane, Winter Park, FL 32792

(Address of principal executive offices)(Zip Code)

 

(321) 231-2843

(Registrant’s telephone number, including area code)

 

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:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(g) of the Act: Common A Stock, par value $0.001 per share

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

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. ☐

 

 

 

   

 

 

Item 1.01. Entry into a Material Definitive Agreement

 

On October 13, 2026, Adia Med, Inc. (the “Company”) entered into a Membership Interest Purchase Agreement (the “Agreement”) with Larry A. Powalisz, the Company’s Chief Executive Officer (the “Buyer”), Adia Labs LLC, a Florida limited liability company (the “LLC”), Live Oak Health LLC d/b/a QCM Biologics (“Live Oak”), and the Company’s independent directors Monica Sher, M.D. and Richard Edwards, D.O.

 

Pursuant to the Agreement, the Company sold seven (7) units of membership interest (the “Purchased Units”) in the LLC to the Buyer for an aggregate purchase price of Three Hundred Fifty Thousand and 00/100 Dollars ($350,000.00), payable entirely in cash.

 

The Purchased Units constitute a seven percent (7%) membership interest in the LLC [assuming one hundred (100) issued units and no other units issued or transferred at closing] and carry seven percent (7%) of the total voting power of the LLC. Economic ownership follows the Units. The Agreement requires that the Company’s operating agreement be amended at closing to reflect the Purchased Units and the voting power.

 

The Agreement includes covenants regarding the use of proceeds from the Purchase Price. These proceeds may be used for Company or Seller corporate purposes only as jointly approved in writing by both Independent Directors, Monica Sher, M.D., and Richard Edwards, D.O. Larry A. Powalisz shall have no unilateral authority to approve, direct, or make any decision concerning the use of the Purchase Price.

 

The Buyer is a related party of the Company, being its Chief Executive Officer. The Independent Directors have acknowledged the Agreement in their capacity as independent directors of the Company.

 

The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the Membership Interest Purchase Agreement dated as of the Effective Date, 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 9.01. Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit No. Description of Exhibit
10.1 Membership Interest Purchase Agreement, dated on or about October 13, 2026, by and among Larry A. Powalisz, Adia Med, Inc., Adia Labs LLC, Live Oak Health LLC d/b/a QCM Biologics, Monica Sher, M.D., and Richard Edwards, D.O.
104 Cover Page Interactive Data File (formatted in iXBRL, and included in exhibit 101).

 

 

 

 

 2 

 

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15(d) 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.

 

Date: October 19, 2026

 

 

ADIA MED, INC.

 

 

/s/ Larry Powalisz

Name: Larry Powalisz

Title: Chief Executive Officer

 

 

/s/ Rebecca Miller

Name: Rebecca Miller

Title: Chief Financial Officer

 

 

 

 

 

 

 3 

Filing Exhibits & Attachments

4 documents

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