secwatch.observer — SEC 8-K summary
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Issuer:     KVH INDUSTRIES INC DE (KVHI)
CIK:        0001007587
Form:       8-K/A
Filed at:   2022-08-16T23:59:59+00:00
Accession:  0001007587-22-000013
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KVH sells inertial navigation business to EMCORE for ~$55M cash; pro forma losses widen
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- Disposed of inertial navigation segment to EMCORE (EMKR) on Aug 9, 2022 for ~$55M cash.
- Pro forma net loss for FY2021 increases to $19.3M from $9.8M historical.
- Pro forma net loss for H1 2022 increases to $7.3M from $6.1M historical.
- Estimated transaction costs of $3.5M and $0.8M accelerated stock compensation.
- Pro forma cash and marketable securities total ~$64.4M as of June 30, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007587/000100758722000013/0001007587-22-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007587/000100758722000013/kvhi-20220809.htm
  HTML page:      https://secwatch.observer/filing/0001007587-22-000013

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