secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)
CIK:        0000836690
Form:       8-K/A
Filed at:   2023-09-13T23:59:59+00:00
Accession:  0001104659-23-100499
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ISSC closes $36M asset purchase of Honeywell inertial, communication & navigation product lines
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- Acquired business had net sales of $21.5M and $20.6M for years ended Dec 2022 and 2021, respectively.
- Net sales in excess of direct costs were $9.6M (2022) and $7.8M (2021); inventory acquired ~$9.1M as of June 2023.
- Deal includes perpetual IP licenses, inventory, equipment, and a transition services agreement at no extra cost.
- Pro forma combined statements for ISSC reflect addition of acquired revenue; no adjustments for synergies shown.
- Assets acquired as of June 30, 2023 total ~$10.6M (inventory $9.1M, equipment $1.5M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/836690/000110465923100499/0001104659-23-100499-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/836690/000110465923100499/tm2325955d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-100499

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer