secwatch / observer
8-K filed July 7, 2023, 7:59 PM ET ticker HKHC CIK 0000088000
M&A confidence high sentiment neutral materiality 0.60

Horizon Kinetics Holding Corp (HKHC): M&A transaction — Scott's Liquid Gold sells Alpha Skin Care and BIZ assets for $4.8M total; terminates La Plata loan

Horizon Kinetics Holding Corp

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 Commercial Brands LLC for $2.1 million (closed 2023-07-07).

Action
disposition
Counterparty
Commercial Brands LLC
Consideration
$2.1 million
Closing
2023-07-07
Exact text from the filing
relating to the BIZ Business. The transactions contemplated by the BIZ Purchase Agreement were consummated onJuly 7, 2023 (the “BIZ Asset Sale”). The consideration due to SLG is $2.1 million, with $1.5 million paid upon execution of the BIZ Purchase Agreement, and the remaining amount payable subject to final adjustment based on actual inventory at the time of
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Horizon Kinetics Holding Corp entered into Alpha Purchase Agreement with Alpha Skin LLC valued at 0.5 million paid upon execution, additional 2.2 million due at closing (effective 2023-06-30).

Action
entry
Agreement
asset purchase
Counterparty
Alpha Skin LLC
Value
0.5 million paid upon execution, additional 2.2 million due at closing
Effective
2023-06-30
Exact text from the filing
Item 1.01 Entry into a Material Definitive Agreement. Sale of Alpha Skin Care Assets Effective June 30, 2023, Scott’s Liquid Gold-Inc., a Colorado corporation (the “Company”), and Neoteric Cosmetics, Inc., a Colorado corporation and wholly owned subsidiary of the Company ( “Neoteric”), entered into an Asset Purchase Agreement (the “Alpha Purchase Agreement”) with Alpha Skin LLC, a limited liability company organized and existing under the laws of the State of New York (the “Alpha Buyer”), pursuant to which Neoteric and the Company agreed to sell to the Alpha Buyer all of their respective rights, title and interests in and to certain assets of the Alpha ® Skin Care product line (the “Alpha Skin Care Business”), together with certain obligations and liabilities relating to the Alpha Skin Care Business (the “Alpha Asset Sale”). The transactions contemplated by the Alpha Purchase Agreement are subject to customary conditions and closing deliveries by both Neoteric and the Alpha Buyer. The
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Horizon Kinetics Holding Corp terminated La Plata Loan Agreement with La Plata Capital, LLC valued at term loans paid in full (effective 2023-07-07).

Action
termination
Agreement
credit facility
Counterparty
La Plata Capital, LLC
Value
term loans paid in full
Effective
2023-07-07
Exact text from the filing
Item 1.02 Termination of a Material Definitive Agreement. On July 7, 2023, the Company terminated its Loan Agreement dated November 9, 2021, with La Plata Capital, LLC (as amended, the “La Plata Loan Agreement”). The term loans under the La Plata Loan Agreement were paid in full on July 7, 2023.
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Horizon Kinetics Holding Corp filing history →

Source: SEC EDGAR
accession 0000950170-23-032285
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