DocGo acquires SteadyMD for up to $25M; $12.5M cash at close
DocGo Inc. filed an amended Form 8‑K to attach the Merger Agreement for its completed acquisition of SteadyMD, Inc. via subsidiary Ambulnz Holdings, LLC.
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Rhea-AI Filing Summary
DocGo Inc. filed an amended Form 8‑K to attach the Merger Agreement for its completed acquisition of SteadyMD, Inc. via subsidiary Ambulnz Holdings, LLC. The transaction totals up to $25 million, consisting of $12.5 million in cash paid at closing and up to $12.5 million as a contingent earn‑out payable in cash or equity at the Company’s election, tied to performance conditions. The closing payment is subject to customary post‑closing adjustments for working capital, debt, and transaction expenses.
Upon filing a Certificate of Merger on October 20, 2025, SteadyMD merged into STMD Merger Company, LLC, which survived; all shares, options, and warrants of the Acquired Company were canceled. This amendment adds the Merger Agreement as Exhibit 2.1 and does not change other prior disclosures.
Insights
DocGo closed a bolt‑on deal up to $25M with an earn‑out.
DocGo, through Ambulnz, completed the SteadyMD acquisition on October 20, 2025 for up to $25 million. The consideration includes an upfront $12.5 million cash payment and an earn‑out of up to $12.5 million payable in cash or equity, contingent on performance.
The structure includes customary post‑closing purchase price adjustments and an indemnification framework for specified representations. The merger combined SteadyMD into STMD Merger Company, LLC, which remains as the surviving entity.
Cash impact at close is $12.5 million; any additional outlay depends on achieving performance conditions. Actual earn‑out realization and any working capital true‑ups will be determinable from subsequent disclosures.
8-K Event Classification
FAQ
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What did DocGo (DCGO) announce in this 8-K/A?
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How much cash did DocGo (DCGO) pay at closing for SteadyMD?
Is there an earn‑out in the SteadyMD deal for DocGo (DCGO)?
What legal structure was used to acquire SteadyMD?
Does this 8-K/A change earlier disclosures?
AI-generated analysis. How Rhea-AI works. Not financial advice.