8-K
filed December 21, 2022, 6:59 PM ET
ticker HKHC
CIK 0000088000
M&A
confidence high
sentiment neutral
materiality 0.50
Horizon Kinetics Holding Corp (HKHC): M&A transaction — Scott's Liquid Gold sells Prell shampoo/conditioner assets to AFAM Concept; amends credit agreement
Horizon Kinetics Holding Corp
- Sold Prell product line (shampoo and conditioner) to AFAM Concept, Inc. on December 15, 2022.
- Net sale proceeds, including future Prell royalty payments, must be paid to UMB Bank to reduce revolving loans.
- Borrowing base under loan agreement amended; Prell Sale Reserve of $339,000 established.
- Purchase price not disclosed in filing; sale executed via Asset Purchase Agreement.
Key facts
Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Horizon Kinetics Holding Corp completed a disposition involving AFAM Concept, Inc (closed 2022-12-15).
- Action
- disposition
- Counterparty
- AFAM Concept, Inc
- Closing
- 2022-12-15
Exact text from the filing
The transactions contemplated by the Purchase Agreement were consummated on December 15, 2022.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Horizon Kinetics Holding Corp entered into Asset Purchase Agreement with AFAM Concept, Inc (effective 2022-12-15).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- AFAM Concept, Inc
- Effective
- 2022-12-15
Exact text from the filing
On December 15, 2022, Neoteric Cosmetics, Inc., a Colorado corporation, (“Neoteric”) and wholly owned subsidiary of Scott’s Liquid Gold Inc., entered into an Asset Purchase Agreement (the “Purchase Agreement”) with AFAM Concept, Inc, an Illinois corporation (“Buyer”), pursuant to which the Company agreed to sell to Buyer all of Neoteric’s right, title and interest in and to certain assets of the Prell® product line, which includes shampoo and conditioner (the “Business”), together with certain obligations and liabilities relating to the Business.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Horizon Kinetics Holding Corp amended Consent and Sixth Amendment to Loan and Security Agreement with UMB Bank, N.A. (effective 2022-12-15).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- UMB Bank, N.A.
- Effective
- 2022-12-15
Exact text from the filing
On December 15, 2022, Scott’s Liquid Gold-Inc., a Colorado corporation (the “Company”), entered into the Consent and Sixth Amendment to Loan and Security Agreement (the “Amendment”), amending its Loan and Security Agreement with UMB Bank, N.A., dated July 1, 2020 (as previously amended, the “Agreement”).
View on SEC.gov
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