secwatch.observer — SEC 8-K summary
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Issuer:     QUINSTREET, INC (QNST)
CIK:        0001117297
Form:       8-K
Filed at:   2025-12-03T23:59:59+00:00
Accession:  0000950103-25-015690
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QuinStreet acquires HomeBuddy for $190M; expects $30M+ EBITDA boost
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- Purchase price: $115M cash at closing plus $75M in equal annual installments over 4 years.
- HomeBuddy revenue $141M (12 mos to Sep 2025); QuinStreet expects acquisition to be accretive to adj. EBITDA and EPS, adding $30M+ EBITDA in first 12 months post-close.
- Transaction expected to close in Q1 2026, subject to regulatory approval and customary closing conditions.
- HomeBuddy extends Modernize Home Services platform with exclusive high-intent leads, new digital media, and adds >2,000 clients across 30+ trades.
- QuinStreet plans to finance part of closing payment through a new credit facility established prior to close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1117297/000095010325015690/0000950103-25-015690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1117297/000095010325015690/dp238321_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-015690

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