secwatch.observer — SEC 8-K summary
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Issuer:     STAR EQUITY HOLDINGS, INC. (—)
CIK:        0000707388
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0000707388-23-000032
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707388/000070738823000032/0000707388-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707388/000070738823000032/strr-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000707388-23-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer