secwatch.observer — SEC 8-K summary
======================================

Issuer:     SunOpta Inc. (STKL)
CIK:        0000351834
Form:       8-K/A
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0001062993-23-019544
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SunOpta files pro forma for $141M frozen fruit sale; FY2022 pro forma net earnings $9.95M vs historical loss
--------------------------------------------------------------------------------

- Sale price $141M includes $20M seller promissory notes; closed Oct 12, 2023.
- Pro forma FY2022 revenues $591M (historical $935M) reflecting divestiture of frozen fruit and sunflower.
- Pro forma FY2022 net earnings $9.95M vs historical loss of $12.6M attributable to common shareholders.
- Estimated pre-tax loss on sale $120.6M as of July 1, 2023; subject to final adjustments.
- Net cash proceeds ~$67.1M after closing costs and debt repayment; to be used to reduce revolver borrowings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351834/000106299323019544/0001062993-23-019544-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351834/000106299323019544/form8ka.htm
  HTML page:      https://secwatch.observer/filing/0001062993-23-019544

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer