{"schema_version":"secwatch.filing_event.v1","accession":"0000884144-25-000078","form_type":"8-K","ticker":"ASUR","cik":"0000884144","company_name":"ASURE SOFTWARE INC","filed_at":"2025-07-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.579296+00:00","generated_at":"2026-05-18T11:34:01.984752+00:00","sec_items":["1.01","2.01","2.03","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Asure Software acquires Lathem time & attendance for $39.5M, borrows $40M","bullets":["Acquired 100% of Lathem Time 2025, LLC for $39.5 million in cash, subject to working capital adjustments.","Borrowed remaining $40M available under existing Credit Agreement to fund closing proceeds.","Amended credit agreement: minimum liquidity threshold raised from $6.0M to $7.5M; final payment fee increased from 1% to 2%.","Lathem provides time and attendance products; acquisition expands Asure's HCM software suite."],"urls":{"canonical":"https://secwatch.observer/filing/0000884144-25-000078","json":"https://secwatch.observer/filing/0000884144-25-000078.json","markdown":"https://secwatch.observer/filing/0000884144-25-000078.md","text":"https://secwatch.observer/filing/0000884144-25-000078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/884144/000088414425000078/0000884144-25-000078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/884144/000088414425000078/asur-20250630.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T11:34:01.984752+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":"012d4080066b129c4ed9c2e71fe27c7a722b15e5","claim":"ASURE SOFTWARE INC incurred term loan of $40 million with MidCap Financial Trust maturing April 1, 2030.","evidence_excerpt":"On June 30, 2025, and to finance the closing proceeds for the Lathem Transaction, the Company borrowed the remaining $40 million available under the Credit Agreement.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/884144/000088414425000078/0000884144-25-000078-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$40 million"},{"label":"Counterparty","value":"MidCap Financial Trust"},{"label":"Maturity","value":"April 1, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"96b0a6d9552b5d495d024ed9f6fbfcc6b3238695","claim":"ASURE SOFTWARE INC completed an acquisition involving Pendulum Holding, Inc. for $39.5 million (closed 2025-07-01).","evidence_excerpt":"by and among Pendulum Holding, Inc. (the “Seller”), the equityholders of Pendulum Holding, Inc., Lathem and the Company. The purchase price paid by the Company to the Seller is $39.5 million, subject to certain adjustments, as set forth in the Agreement, based on working capital and inventory costs (the “Lathem Transaction”). The Agreement includes customary","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/884144/000088414425000078/0000884144-25-000078-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Pendulum Holding, Inc."},{"label":"Consideration","value":"$39.5 million"},{"label":"Closing","value":"2025-07-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}