M&A
confidence high
sentiment negative
materiality 0.90
Scott's Liquid Gold to close merger with Horizon Kinetics; legacy shareholders to own 3.5% of combined co
Horizon Kinetics Holding Corp
- Merger closing after market-close Aug 1, 2024; 1-for-20 reverse split, reincorporation, name change.
- Shares to trade under temporary ticker SLGDD from Aug 2, 2024.
- Approximately 18 million shares issued to Horizon Kinetics members as merger consideration.
- Legacy shareholders to own approximately 3.5% of combined company after closing.
- Horizon Kinetics has AUM of ~$7.9B and Net Tangible Assets of ~$250M.