secwatch.observer — SEC 8-K summary
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Issuer:     SIFCO INDUSTRIES INC (SIF)
CIK:        0000090168
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0000090168-24-000043
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SIFCO completes sale of C Blade S.p.A. for €20M enterprise value, receives ~$14.7M net cash
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- Sale closed Oct 15, 2024; buyer TB2 S.r.l. acquired 100% of C Blade for €20M enterprise value (€13.8M net equity at closing).
- Net cash proceeds of ~$14.7M after adjustments and transaction costs; pro forma cash rises from $1.7M to $15.7M.
- Pro forma FY2023 net sales from continuing ops $66.1M vs $87.0M historical; net loss from continuing ops $10.5M vs $8.7M.
- Pro forma nine months ended Jun 30, 2024: net loss $7.2M vs $4.9M historical; net sales $58.0M vs $76.9M.
- One-time transaction costs estimated at $0.5M, with $0.3M still expected to be incurred.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90168/000009016824000043/0000090168-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90168/000009016824000043/sif-20241015.htm
  HTML page:      https://secwatch.observer/filing/0000090168-24-000043

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