{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-079122","form_type":"8-K","ticker":"ISSC","cik":"0000836690","company_name":"INNOVATIVE SOLUTIONS & SUPPORT INC","filed_at":"2023-07-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.765212+00:00","generated_at":"2026-06-13T11:24:04.289344+00:00","sec_items":["1.01","2.01","2.03","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"ISSC acquires Honeywell inertial, communication, navigation product lines for $36M cash","bullets":["Acquired assets and licenses from Honeywell for $36M cash; transaction closed June 30, 2023.","Financed with a $20M senior secured term loan from PNC Bank (floating rate, 10-year amortization).","Also secured a $10M senior secured revolving line of credit from PNC, expiring May 2028.","Expands product offerings in inertial, communication, and navigation systems for ISSC."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-079122","json":"https://secwatch.observer/filing/0001104659-23-079122.json","markdown":"https://secwatch.observer/filing/0001104659-23-079122.md","text":"https://secwatch.observer/filing/0001104659-23-079122.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/836690/000110465923079122/0001104659-23-079122-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/836690/000110465923079122/tm2320694d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T11:24:04.289344+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":"5cc258079beaf408c548f8b9d3d7791a21ef4099","claim":"INNOVATIVE SOLUTIONS & SUPPORT INC completed an acquisition involving Honeywell International Inc. for $36 million in cash (closed 2023-06-30).","evidence_excerpt":"inertial, communication and navigation product lines to repair, overhaul, manufacture sell, import, export and distribute certain products to the Company for consideration of $36 million in cash. The Agreement contains representations, warranties and covenants of the parties customary for a transaction of this type. The foregoing description of the Agreement","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/836690/000110465923079122/0001104659-23-079122-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Honeywell International Inc."},{"label":"Consideration","value":"$36 million in cash"},{"label":"Closing","value":"2023-06-30"}],"fact_type":"ma_transaction"},{"claim_id":"39d822a41a4c898fff8c442923c3bd2099edad67","claim":"INNOVATIVE SOLUTIONS & SUPPORT INC amended Amendment to Loan Documents with PNC Bank, National Association valued at aggregate principal amount of $20,000,000 (effective 2023-06-28).","evidence_excerpt":"On June 28, 2023, in connection with the transactions contemplated by the Agreement and the payment of the consideration contemplated therein, the Company and one of its subsidiaries entered into an Amendment to Loan Documents (the “ Loan Amendment ”) with PNC Bank, National Association (the “ PNC ”), which amends certain terms of that certain Loan Agreement entered into by the parties on May 11, 2023 (the “ Loan Agreement ” and, as amended, the “ Amended Loan Agreement ”) and (ii) a corresponding Term Note in favor of PNC (the “ Term Note ”), which together provide for a senior secured term loan in an aggregate principal amount of $20,000,000, with a maturity date of June 28, 2023 (the “ Term Loan ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/836690/000110465923079122/0001104659-23-079122-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Value","value":"aggregate principal amount of $20,000,000"},{"label":"Effective","value":"2023-06-28"}],"fact_type":"material_agreement"},{"claim_id":"ad32ff915e2643cf45cb960ac353ffa6fa5f0a1d","claim":"INNOVATIVE SOLUTIONS & SUPPORT INC entered into Asset Purchase and License Agreement with Honeywell International Inc. valued at $36 million in cash (effective 2023-06-30).","evidence_excerpt":"On June 30, 2023, Innovative Solutions and Support, Inc. (the “ Company ”) entered into and closed the transactions contemplated by that certain Asset Purchase and License Agreement (the “ Agreement ”) with Honeywell International Inc. (“ Honeywell ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/836690/000110465923079122/0001104659-23-079122-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Honeywell International Inc."},{"label":"Value","value":"$36 million in cash"},{"label":"Effective","value":"2023-06-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}