Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
STAR EQUITY HOLDINGS, INC. completed a disposition involving TTG Imaging Solutions, LLC (the Buyer) and Insignia TTG Parent LLC (the Parent) for $40 million (closed 2023-05-04).
- Action
- disposition
- Counterparty
- TTG Imaging Solutions, LLC (the Buyer) and Insignia TTG Parent LLC (the Parent)
- Consideration
- $40 million
- Closing
- 2023-05-04
Exact text from the filing
in exchange for New Units (as defined in the Purchase Agreement) of Parent (the “Transaction”). The total aggregate consideration payable to the Company for the Transaction is $40 million, comprised of $27 million in cash, a $7 million promissory note, and $6 million of New Units in the Parent. The Company completed the sale of DHI simultaneously with entering
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
STAR EQUITY HOLDINGS, INC. entered into Stock Purchase and Contribution Agreement with TTG Imaging Solutions, LLC valued at $40 million (effective 2023-05-04).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- TTG Imaging Solutions, LLC
- Value
- $40 million
- Effective
- 2023-05-04
Exact text from the filing
On May 4, 2023 , Star Equity Holdings, Inc. (the “Company”) entered into a Stock Purchase and Contribution Agreement (the “Purchase Agreement”), dated as of May 4, 2023 , by and among the Company, Digirad Health Inc., a Delaware corporation and wholly owned subsidiary of the Company (“DHI”), TTG Imaging Solutions, LLC., a Pennsylvania limited liability company (the “Buyer”), and the Buyer’s Parent, Insignia TTG Parent LLC, a Delaware limited liability company (the “Parent”).
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