{"schema_version":"secwatch.filing_event.v1","accession":"0001101680-24-000048","form_type":"8-K","ticker":null,"cik":"0001101680","company_name":"DZS INC.","filed_at":"2024-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.292513+00:00","generated_at":"2026-06-02T21:42:07.761800+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"DZS to acquire NetComm Wireless for $7M, earn-out up to $3M, and $15M term loan","bullets":["Purchase price $7M at closing plus earn-out up to $3M based on 2024 revenue milestones starting at $72.5M and up to $1.5M for finished goods.","DZS to enter $15M three-year term loan with Swervo Consulting (EdgeCo affiliate); warrants to be issued.","NetComm has ~50 CSP customers including UScellular, Bell Canada, Vodafone, Telstra; ~60% of employees are R&D/customer care.","Transaction expected to close Q2 2024; target under external administration since March 2024.","Combined portfolio expands DZS in fiber extension, FWA, WiFi 7, IIoT; DZS to have ~550 employees globally."],"urls":{"canonical":"https://secwatch.observer/filing/0001101680-24-000048","json":"https://secwatch.observer/filing/0001101680-24-000048.json","markdown":"https://secwatch.observer/filing/0001101680-24-000048.md","text":"https://secwatch.observer/filing/0001101680-24-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1101680/000110168024000048/0001101680-24-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1101680/000110168024000048/dzsi-20240503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T21:42:07.761800+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fe5b526077c901acf66b114d69d33a167225cb52","claim":"DZS INC. entered into Share Purchase Agreement with Casa Communications Holdings Pty Ltd (Administrators Appointed) valued at USD $7,000,000 (effective 2024-05-03).","evidence_excerpt":"On May 3, 2024, DZS Inc., a Delaware corporation (the “ Company ”), entered into a Share Purchase Agreement (the “ Share Purchase Agreement ”) with Casa Communications Holdings Pty Ltd (Administrators Appointed) ACN 632 732 659, a private limited company registered in New South Wales, Australia (the “ Seller ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1101680/000110168024000048/0001101680-24-000048-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Casa Communications Holdings Pty Ltd (Administrators Appointed)"},{"label":"Value","value":"USD $7,000,000"},{"label":"Effective","value":"2024-05-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}