secwatch.observer — SEC 8-K summary
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Issuer:     PRO DEX INC (PDEX)
CIK:        0000788920
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001079973-26-000201
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pro-Dex acquires Advanced Precision Machining for $8.65M; finances with UMB term loan
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- Total purchase price ~$8.65M: $6.65M cash at closing (funded by UMB Term Note D) + $2M subordinated note (8% interest, 63 months).
- APM is a longtime supplier of machined sub-assemblies; also serves aerospace/defense and holds ITAR and JCP certifications.
- New Term Note D ($6.65M) matures Feb 2031, interest at greater of 4.5% or SOFR+2.5%; revolving note extended to Dec 2027.
- CEO cites acquisition as part of expansion plans tied to recent contract extension with largest customer and expected revenue growth.
- APM will operate independently of Pro-Dex; consolidated results may be reported closer to SEC deadlines going forward.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788920/000107997326000201/0001079973-26-000201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788920/000107997326000201/pdex_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-26-000201

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