secwatch.observer — SEC 8-K summary
======================================

Issuer:     LIVE VENTURES Inc (LIVE)
CIK:        0001045742
Form:       8-K/A
Filed at:   2022-09-14T23:59:59+00:00
Accession:  0000950170-22-018505
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 9.01, 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Live Ventures closes $23.4M acquisition of Kinetic Co., industrial knife manufacturer
--------------------------------------------------------------------------------

- Purchase price ~$18.9M for shares plus $4.5M for real estate; up to $2M contingent earnout.
- Kinetic had revenue $20.7M and net income $1.34M for FY ended Nov 2021.
- Funded with $10.6M cash, $3.8M second payment, $3M subordinated note, and $1.45M escrow.
- Real estate sold to Moss for ~$8.9M, netting $4.4M toward purchase; 20-year leaseback at $50K/mo.
- Employment agreements retained CEO Jay Judkins, COO Rocky Sperka, and Head of Equipment Cash Masters.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045742/000095017022018505/0000950170-22-018505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045742/000095017022018505/live-20220628.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-018505

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