secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC)
CIK:        0000836690
Form:       8-K/A
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0001104659-23-100920
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01, 2.01
LLM model:  deepseek-v4-flash:cloud@v2

ISSC completes $36M acquisition of Honeywell inertial/nav product lines; posts historicals
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- Acquired product lines had net sales of $21.5M in 2022 and $8.9M in H1 2023.
- Net sales minus direct costs were $9.55M (2022) and $4.83M (H1 2023).
- Assets acquired as of June 30, 2023: $9.1M inventory, $1.5M equipment; total $10.6M.
- Transaction closed June 30, 2023 for $36M cash; pro forma combined statements included.
- Filing corrects auditor report date to Sept 14, 2023 and adds signed consent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/836690/000110465923100920/0001104659-23-100920-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/836690/000110465923100920/tm2325955d2_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-100920

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