Horizon Kinetics Holding Corp (HKHC): auditor change — Scott's Liquid Gold signs all-stock merger with Horizon Kinetics; dilution to 2-4% for current holders

Horizon Kinetics Holding Corp

Merger consideration: Horizon Kinetics owners receive shares = (Net tangible assets + $200M) / $1.25, if AUM between $6B-$8B.
Current Scott's shareholders expected to own 2-4% of combined company post-close.
Tisha Pedrazzini resigns as CEO/director effective Dec 31, 2023; David Arndt appointed President and PEO (also CFO).
Murray Stahl (Horizon Kinetics CEO) to lead combined entity; transaction targeted to close Q2 2024.
Auditor changed to Weinberg & Company, P.A. for fiscal year 2023.

item 1.01 item 4.01 item 5.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Horizon Kinetics Holding Corp engaged Weinberg & Company, P.A. as its auditor.

Action: engagement
Auditor: Weinberg & Company, P.A.

Exact text from the filing

On December 21, 2023, the Board’s Audit Committee approved the engagement of Weinberg & Company, P.A. ("Weinberg") as the Company’s independent registered public accounting firm for the Company's year ending December 31, 2023

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Horizon Kinetics Holding Corp entered into Agreement and Plan of Merger with Horizon Kinetics LLC (effective 2023-12-19).

Action: entry
Agreement: merger
Counterparty: Horizon Kinetics LLC
Effective: 2023-12-19

Exact text from the filing

On December 19, 2023, Scott’s Liquid Gold-Inc. (the “Company”), Horizon Kinetics LLC (“Horizon Kinetics”) and HKNY ONE, LLC, a wholly-owned subsidiary of the Company (“Merger Sub”) entered into an Agreement and Plan of Merger (the “Merger Agreement”), providing for the acquisition of Horizon Kinetics by the Company.

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Horizon Kinetics Holding Corp filing history →

Source: SEC EDGAR

accession 0000950170-23-072802

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