secwatch.observer — SEC 8-K summary
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Issuer:     Assure Holdings Corp. (—)
CIK:        0001798270
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001104659-24-041979
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Assure Holdings closes first closing of asset sale; net cash ~$1.09M after debt payoff
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- Amended APA reduced base purchase price from $2.5M to $2.32M minus ~$1.23M debt payoff, net cash $1.09M.
- First closing occurred March 26, 2024; earnout potential up to $2.18M tied to case volume thresholds (6,000–11,000+).
- Post-closing price adjustments: $28K reduction per employee below 40 and $12K per IONM system below 100.
- Nominee and non-competition agreements executed with Purchaser for retained operations in AZ and MT.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798270/000110465924041979/0001104659-24-041979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798270/000110465924041979/tm2410357d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-041979

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