---
schema_version: "secwatch.filing_event.v1"
accession: "0000707388-23-000032"
form_type: "8-K"
ticker: null
cik: "0000707388"
company_name: "STAR EQUITY HOLDINGS, INC."
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T18:32:10.298253+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Star Equity sells Digirad Health to TTG Imaging for $40M; retains equity stake

## Summary
- Total consideration $40M: $27M cash, $7M promissory note, $6M common equity in buyer.
- Transaction closed May 4, 2023; Star Equity CEO Rick Coleman to join TTG board.
- Post-sale, Star Equity consists of Construction and Investments divisions.
- $7M note and $6M equity in TTG held under Investments division.
- Company to pursue organic growth, bolt-on acquisitions, and new business sectors.

## SEC filing metadata
- accession: 0000707388-23-000032
- form_type: 8-K
- cik: 0000707388
- company_name: STAR EQUITY HOLDINGS, INC.
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707388/000070738823000032/0000707388-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707388/000070738823000032/strr-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000707388-23-000032
- JSON: https://secwatch.observer/filing/0000707388-23-000032.json
- Plain text: https://secwatch.observer/filing/0000707388-23-000032.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/707388/000070738823000032/0000707388-23-000032-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/707388/000070738823000032/0000707388-23-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.