secwatch.observer — SEC 8-K summary
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Issuer:     LIVE VENTURES Inc (LIVE)
CIK:        0001045742
Form:       8-K
Filed at:   2022-07-05T23:59:59+00:00
Accession:  0000950170-22-012464
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Live Ventures acquires The Kinetic Co. for ~$26M; expects $20M annual revenue boost
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- Acquired Kinetic, 74-year-old industrial knife maker, for ~$26M; expects to add ~$20M annual revenue to steel segment.
- Purchase price: $18.9M for shares + $4.5M real estate; up to $2M contingent additional payments.
- Financed via bank debt, seller note, sale-leaseback of real estate, and cash from Live Ventures.
- Kinetic will continue as standalone business; employs ~100 non-union workers in Greendale, WI.
- Executed employment agreements with Cash Masters (President), Rocky Sperka, and Jay Judkins; includes non-competes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045742/000095017022012464/0000950170-22-012464-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045742/000095017022012464/live-20220628.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-012464

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