---
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"
generated_at: "2026-06-02T21:42:07.761800+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DZS to acquire NetComm Wireless for $7M, earn-out up to $3M, and $15M term loan

## Summary
- 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.

## SEC filing metadata
- accession: 0001101680-24-000048
- form_type: 8-K
- cik: 0001101680
- company_name: DZS INC.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001101680-24-000048
- JSON: https://secwatch.observer/filing/0001101680-24-000048.json
- Plain text: https://secwatch.observer/filing/0001101680-24-000048.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Casa Communications Holdings Pty Ltd (Administrators Appointed)
  - Value: USD $7,000,000
  - Effective: 2024-05-03
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1101680/000110168024000048/0001101680-24-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.