{"schema_version":"secwatch.filing_event.v1","accession":"0000707388-25-000025","form_type":"8-K/A","ticker":null,"cik":"0000707388","company_name":"STAR EQUITY HOLDINGS, INC.","filed_at":"2025-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.103293+00:00","generated_at":"2026-05-25T11:54:06.334259+00:00","sec_items":["1.01","2.02","7.01","2.01","2.03","3.02","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Star Equity acquires Alliance Drilling Tools for $12.65M EV; preliminary Q4 2024 revenue $17.1M","bullets":["Acquired Alliance Drilling Tools for $12.65M EV (cash-free, debt-free); paid $4.9M cash and 775,000 Series A preferred shares ($7.75M liquidation value).","ADT generated ~$10.5M revenue, 48% gross margin, $2.4M Adjusted EBITDA for FY2024; serves oil/gas, geothermal, mining, water-well industries.","Preliminary Q4 2024 revenue $17.1M (vs $14.1M Q4 2023), gross profit $4.4M, non-GAAP adj. EBITDA $1.1M (vs -$0.1M).","KBS Builders signed two contracts totaling $5.2M for modular housing units in Maine; deliveries begin Q1/Q3 2025.","Financing includes $3M line of credit and $639k term loan from Austin Financial Services, maturing March 2028."],"urls":{"canonical":"https://secwatch.observer/filing/0000707388-25-000025","json":"https://secwatch.observer/filing/0000707388-25-000025.json","markdown":"https://secwatch.observer/filing/0000707388-25-000025.md","text":"https://secwatch.observer/filing/0000707388-25-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/707388/000070738825000025/0000707388-25-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/707388/000070738825000025/strr-20250303.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T11:54:06.334259+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":"1c64ceadf93158ab0abd5eff6f6fae1e1ab68aa6","claim":"STAR EQUITY HOLDINGS, INC. incurred revolving credit of up to $3,000,000 with Austin Financial Services, Inc. at prime rate plus 1.75% maturing March 4, 2028.","evidence_excerpt":"providing the Borrower with a working capital line of credit of up to $3,000,000 and a term loan of $639,000, subject to the conditions and procedures set forth in the Austin Loan Agreement.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/707388/000070738825000025/0000707388-25-000025-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $3,000,000"},{"label":"Counterparty","value":"Austin Financial Services, Inc."},{"label":"Rate","value":"prime rate plus 1.75%"},{"label":"Maturity","value":"March 4, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a8978fc857e52ce942e2edfc3b4e7fea99705b0d","claim":"STAR EQUITY HOLDINGS, INC. incurred term loan of $639,000 with Austin Financial Services, Inc. at prime rate plus 1.75% maturing March 4, 2028.","evidence_excerpt":"providing the Borrower with a working capital line of credit of up to $3,000,000 and a term loan of $639,000, subject to the conditions and procedures set forth in the Austin Loan Agreement.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/707388/000070738825000025/0000707388-25-000025-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$639,000"},{"label":"Counterparty","value":"Austin Financial Services, Inc."},{"label":"Rate","value":"prime rate plus 1.75%"},{"label":"Maturity","value":"March 4, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0cf21b70d65cb4b71bc96291ad6250c66427047a","claim":"STAR EQUITY HOLDINGS, INC. completed an acquisition involving Alliance Drilling Tools, LLC for aggregate consideration of (i) $4,900,000 (the \"Cash Consideration\") and (ii) issue 775,000.00 shares (the \"Stock Consideration\") of the Company’s 10% Series A (closed 2025-03-03).","evidence_excerpt":"Company shall become a wholly owned subsidiary of the Company. In connection with the closing of the transaction, the Company will pay the Sellers aggregate consideration of (i) $4,900,000 (the “Cash Consideration”) and (ii) issue 775,000.00 shares (the “Stock Consideration”) of the Company’s 10% Series A Cumulative Perpetual Preferred Stock, par value $0.0001 per","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/707388/000070738825000025/0000707388-25-000025-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Alliance Drilling Tools, LLC"},{"label":"Consideration","value":"aggregate consideration of (i) $4,900,000 (the \"Cash Consideration\") and (ii) issue 775,000.00 shares (the \"Stock Consideration\") of the Company’s 10% Series A"},{"label":"Closing","value":"2025-03-03"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}