{"schema_version":"secwatch.filing_event.v1","accession":"0000707388-24-000039","form_type":"8-K","ticker":null,"cik":"0000707388","company_name":"STAR EQUITY HOLDINGS, INC.","filed_at":"2024-05-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.725138+00:00","generated_at":"2026-06-01T13:36:41.572667+00:00","sec_items":["1.01","2.01","2.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Star Equity acquires Timber Technologies for $23M in engineered wood products deal","bullets":["Purchase price $23M: $16M upfront cash, $4M deferred cash, $3M earn-out (50% cash, 50% preferred stock).","Separate real estate for $3M expected to close June 2024 via seller note at 7.5% over 10 years.","Financed partly with $7M term loan from Bridgewater Bank at 7.85% interest, maturing May 2029.","Timber Tech 2023 revenue $18.8M, adjusted EBITDA $5.5M; co-owners Tom Niska and Dale Schiferl stay.","Expects improved profitability and cash flow; adds niche glulam products to Building Solutions division."],"urls":{"canonical":"https://secwatch.observer/filing/0000707388-24-000039","json":"https://secwatch.observer/filing/0000707388-24-000039.json","markdown":"https://secwatch.observer/filing/0000707388-24-000039.md","text":"https://secwatch.observer/filing/0000707388-24-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/707388/000070738824000039/0000707388-24-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/707388/000070738824000039/strr-20240517.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T13:36:41.572667+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6217fc69f206ec2221851e930536effd7442c86b","claim":"STAR EQUITY HOLDINGS, INC. entered into Bridgewater Loan Agreement with Bridgewater Bank valued at Loan with interest at 7.85%, principal payable May 20, 2029 (effective 2024-05-17).","evidence_excerpt":"In connection with the completion of the Acquisition, on May 17, 2024, Timber Technologies Solutions, Inc., a wholly-owned subsidiary of the Company (the \"Borrower\"), entered into a Loan Agreement (the \"Bridgewater Loan Agreement\") with Bridgewater Bank (\"Bridgewater\") and issued a Term Promissory Note to Bridgewater thereunder (the \"Facility\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/707388/000070738824000039/0000707388-24-000039-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bridgewater Bank"},{"label":"Value","value":"Loan with interest at 7.85%, principal payable May 20, 2029"},{"label":"Effective","value":"2024-05-17"}],"fact_type":"material_agreement"},{"claim_id":"914a4ad9ece6c79ee582f041482c573738583148","claim":"STAR EQUITY HOLDINGS, INC. entered into Asset Purchase Agreement with Timber Technologies, Inc. valued at up to $24.1 million (effective 2024-05-17).","evidence_excerpt":"On May 17, 2024 (the \"Closing Date\"), Star Equity Holdings, Inc. (the \"Company\") entered into an asset purchase agreement (the \"Purchase Agreement\") with Timber Technologies, Inc. (the \"Seller\"), pursuant to which the Company acquired substantially all of the assets used in the business of the Seller and assumed certain liabilities of the Seller, as set forth in the Purchase Agreement (the \"Acquisition\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/707388/000070738824000039/0000707388-24-000039-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Timber Technologies, Inc."},{"label":"Value","value":"up to $24.1 million"},{"label":"Effective","value":"2024-05-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}