secwatch.observer — SEC 8-K summary
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Issuer:     ASURE SOFTWARE INC (ASUR)
CIK:        0000884144
Form:       8-K
Filed at:   2021-10-06T23:59:59+00:00
Accession:  0000884144-21-000016
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Asure Software acquires USA Processing ($24.15M) and Paydata ($14.75M) in separate asset purchases
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- Acquired USA Processing for $24.15M: $15M cash, $4.32M promissory note, 522,875 shares of ASUR common.
- Acquired Paydata Payroll Services for $14.75M: $10.325M cash, $2.2125M note, 244,205 shares.
- Stock issued at $9.18/share (USA Processing) and $9.06/share (Paydata); exempt from registration under Rule 506(b).
- Both acquisitions closed Sept 30, 2021; subject to working capital adjustments and earnout (USA Processing only).
- Acquisitions expand payroll processing capabilities; Buyer indirect subsidiary Evolution Payroll Processing LLC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884144/000088414421000016/0000884144-21-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884144/000088414421000016/asur-20210930.htm
  HTML page:      https://secwatch.observer/filing/0000884144-21-000016

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