{"schema_version":"secwatch.filing_event.v1","accession":"0001101680-24-000186","form_type":"8-K","ticker":null,"cik":"0001101680","company_name":"DZS INC.","filed_at":"2024-12-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.674847+00:00","generated_at":"2026-05-28T22:38:34.676260+00:00","sec_items":["2.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"DZS completes sale of IIoT business to Lantronix for $6.5M","bullets":["Purchase price $6.5M less $41.7K for employee entitlements; closed Dec 25, 2024.","Pro forma net gain of ~$4.2M recognized on IIoT divestiture; $3.3M prepaid EdgeCo loans.","IIoT sale follows Network Assurance ($34M) and Asia business divestitures in 2024; part of restructuring."],"urls":{"canonical":"https://secwatch.observer/filing/0001101680-24-000186","json":"https://secwatch.observer/filing/0001101680-24-000186.json","markdown":"https://secwatch.observer/filing/0001101680-24-000186.md","text":"https://secwatch.observer/filing/0001101680-24-000186.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1101680/000110168024000186/0001101680-24-000186-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1101680/000110168024000186/dzsi-20241225.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T22:38:34.676260+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":"3e76ea1bf7a1b10a56af0add8d06dea72faa235d","claim":"DZS INC. completed a disposition involving Lantronix, Inc. for $6,500,000, less $41,727.60 (closed 2024-12-25).","evidence_excerpt":"corporation (“Lantronix”). Pursuant to the Business Sale Agreement, the Company sold to Lantronix the Company’s industrial internet of things business for a purchase price of $6,500,000, less $41,727.60 (the amount representing 70% of employee entitlements due to transferring employees). --- EX-99.1 (EX-99.1) --- DZS INC. AND SUBSIDIARIES UNAUDITED PRO FORMA","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1101680/000110168024000186/0001101680-24-000186-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Lantronix, Inc."},{"label":"Consideration","value":"$6,500,000, less $41,727.60"},{"label":"Closing","value":"2024-12-25"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}