Harte Hanks to be acquired by Star Equity for $5.00/share, ~100% premium

HARTE HANKS INC

Merger consideration: $5.00 per share cash (capped at ~$19.2M total) or 0.50 Star 10% Series A Preferred (liquidation value $10.00/share).
Aggregate equity value $38.4M; Harte Hanks board unanimously approved and recommends shareholder vote.
30-day go-shop period until Sept 13, 2026; closing expected in 60-90 days, subject to shareholder approval and financing.
Termination fee $1,152,000 each side; Star to draw up to $15M from Harte Hanks' Texas Capital Bank facility for cash consideration.
Support agreements with directors and officers; Star will file Form S-4 with joint proxy/prospectus.

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