secwatch.observer — SEC 8-K summary
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Issuer:     ASURE SOFTWARE INC (ASUR)
CIK:        0000884144
Form:       8-K
Filed at:   2025-07-01T23:59:59+00:00
Accession:  0000884144-25-000078
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884144/000088414425000078/0000884144-25-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884144/000088414425000078/asur-20250630.htm
  HTML page:      https://secwatch.observer/filing/0000884144-25-000078

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