---
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"
generated_at: "2026-05-18T11:34:01.984752+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Asure Software acquires Lathem time & attendance for $39.5M, borrows $40M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000884144-25-000078
- JSON: https://secwatch.observer/filing/0000884144-25-000078.json
- Plain text: https://secwatch.observer/filing/0000884144-25-000078.txt

## Key facts
- Debt Financings
  ASURE SOFTWARE INC incurred term loan of $40 million with MidCap Financial Trust maturing April 1, 2030.
  - Instrument: term loan
  - Principal: $40 million
  - Counterparty: MidCap Financial Trust
  - Maturity: April 1, 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/884144/000088414425000078/0000884144-25-000078-index.htm
- M&A Transactions
  ASURE SOFTWARE INC completed an acquisition involving Pendulum Holding, Inc. for $39.5 million (closed 2025-07-01).
  - Action: acquisition
  - Counterparty: Pendulum Holding, Inc.
  - Consideration: $39.5 million
  - Closing: 2025-07-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/884144/000088414425000078/0000884144-25-000078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.