secwatch.observer — SEC 8-K summary
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Issuer:     LIVE VENTURES Inc (LIVE)
CIK:        0001045742
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0000950170-23-001094
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Live Ventures acquires Flooring Liquidators for $84M; expects ~$125M annual revenue boost
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- Acquisition price $84M ($83.8M net) paid with $41.4M cash, $34M note, 116,441 shares (3.78% dilution), and $2M additional consideration.
- Expected to add ~$125M annual revenue (~50% increase); retains all 625 employees and existing management led by founder Steve Kellogg.
- Financed partly via $5M note from CEO Jon Isaac's entity ICG (12% interest, $100K fee) and $1M note from subsidiary CEO Rodney Spriggs (12% interest).
- Eclipse Business Capital provides $3.5M term loan and $25M revolving credit facility; covenants include minimum $750K excess availability and $2M capex cap.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045742/000095017023001094/0000950170-23-001094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045742/000095017023001094/live-20230118.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001094

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