Form 8-K

8-K — Aspire Biopharma Holdings, Inc.

Accession: 0001493152-26-016683

Filed: 2026-04-15

Period: 2026-04-15

CIK: 0001847345

SIC: 2834 (PHARMACEUTICAL PREPARATIONS)

Item: Entry into a Material Definitive Agreement

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d)

the Securities Exchange Act of 1934

Date

of Report (Date of earliest event reported): April 15, 2026

ASPIRE

BIOPHARMA HOLDINGS, INC.

(Exact

name of registrant as specified in its charter)

Delaware

001-41293

33-3467744

(State

or other jurisdiction

incorporation)

(Commission

File

Number)

(IRS

Employer

Identification

No.)

23150

Fashion Drive, Suite 230

Estero,

Florida

33928

(Address

of principal executive offices)

(Zip

Code)

Registrant’s

telephone number, including area code: (908) 987-3002

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(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Common

Stock, par value $0.0001 per share

ASBP

The

Nasdaq Stock Market LLC

Warrants,

each exercisable for one share of common stock

ASBPW

The

Nasdaq Stock Market LLC

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 ☒

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.

April 15, 2026, Aspire Biopharma Holdings, Inc., a Delaware corporation (the “Company” or “Purchaser”)

announced that it has entered into a non-binding letter of intent (the “LOI”) for the acquisition (as described below, the

“Acquisition”) of 100% of the Driver Controls Systems business unit (“DCS”) of Firefish Topco,

LLC (“FTLLC”), from the shareholders of FTLLC, pursuant to which the Purchaser intends to acquire 100% of the equity, assets

and liabilities (subject to certain agreed exclusions) of the subsidiaries constituting the operations of DCS through a combination of

stock and asset transactions, to be mutually agreed upon between the parties.

Upon

completion of the Acquisition, the Company plans to engage Lakewood & Company, LLC to provide management services for the operation

of DCS. Lakewood’s principals have more than 100 years’ experience in the automotive industry.

Purchase

Price and Consideration

The

LOI provides for an enterprise valuation of $30.0 million on a cash-free, debt-free basis (the “Purchase Price”), payable

in cash at closing, subject to certain customary adjustments, including adjustments for (i) accrued income taxes (net of receivables)

and (ii) funded indebtedness. The Purchase Price is not subject to a working capital adjustment so long as the business is operated in

the ordinary course consistent with past practice. The Company does not anticipate procuring any new equity raise to consummate the purchase.

Break-Up

Fees

The

LOI provides for break-up fees of $3.5 million payable by the Purchaser or Sellers, respectively, under certain circumstances, including

a failure to proceed in good faith or to consummate the closing when required. Such fees are subject to customary exceptions, including

the failure of closing conditions, a material breach by the counterparty, or the exercise of specified termination rights.

Exclusivity

and Confidentiality

The

Sellers have agreed to a “no-shop” provision for an initial period of 30 days (subject to a potential extension), during

which they may not solicit or engage in alternative acquisition proposals, subject to limited exceptions. The parties have also agreed

to customary confidentiality restrictions.

Non-Binding

Nature

Except

for certain provisions, including those relating to exclusivity, confidentiality, expenses, and (following public disclosure) break-up

fees, the LOI is non-binding and does not obligate the parties to consummate the Acquisition. The completion of the Acquisition remains

subject to the negotiation and execution of a definitive Purchase Agreement and satisfaction of the conditions set forth therein. Engagement

of Lakewood & Company remains subject both to completion of the Acquisition and to the negotiation and execution of a definitive

management agreement and satisfaction of the conditions set forth therein.

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.

ASPIRE

BIOPHARMA HOLDINGS, INC.

Dated:

April 15, 2026

By:

/s/

Kraig Higginson

Kraig

Higginson

Chief

Executive Officer

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Entity Incorporation, State or Country Code

Entity Address, Address Line One

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Fashion Drive

Entity Address, Address Line Two

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Entity Address, City or Town

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Security Exchange Name

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