Company: AMWL
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000950170-25-019024
Chunk: 225

Company: American Well Corp
Filing Date: 2025-02-12
Form: 10-K
Item: Item 1B
Chunk 225
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 payable and accrued expenses of the APC Business. The purchase price is comprised of (i) an upfront cash payment of $20,714, which is equal to 1.1x the APC Business’ trailing twelve-month revenue, excluding on-site revenue attributable to certain of the APC Business’ contracts, subject to customary adjustments and (ii) an additional cash payment (the “Additional Payment”) equal to 0.4x the buyer and its affiliates’ aggregate revenues arising from the provision of the APC Business to current customers and potential customers in the sales pipeline during the twelve-month period immediately following the closing, excluding revenues arising from the provision of on-site psychiatric services to certain of the APC Business’ contracts and other specified revenues, which Additional Payment is payable within ten days following the final determination of the Additional Payment amount.  If the buyer experiences certain change-of-control events during the twelve-month period immediately following the closing or if the buyer fails to pay the Additional Payment (“Acceleration Event”), Amwell may elect to receive an amount equal to 0.4x the buyer and its affiliates’ aggregate revenues arising from the provision of the APC Business to current customers and potential customers in the sales pipeline of APC during the twelve-month period ending on the last day of the month immediately preceding the month in which the applicable Acceleration Event occurs. 

F-31