M&A
confidence high
sentiment neutral
materiality 0.85
Horizon Kinetics completes merger with Scott's Liquid Gold; shares trade pre-split under SLGD
Horizon Kinetics Holding Corp
- Merger closed; Horizon Kinetics merged into Scott's Liquid Gold, reincorporated as Horizon Kinetics Holding Corporation.
- Shares continue trading on pre-reverse split basis under ticker SLGD due to FINRA/DTC delays.
- Approximately 18M post-split shares issued to Horizon Kinetics members; legacy shareholders own ~3.5% of combined company.
- Horizon Kinetics had ~$7.9B AUM and ~$250M net tangible assets at closing.
- Murray Stahl becomes Chairman, CEO, CIO; Dan Roller and Rimmy Malhotra remain on board.