secwatch.observer — SEC 8-K summary
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Issuer:     Inrad Optics, Inc. (—)
CIK:        0000719494
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001104659-24-045024
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inrad Optics to be acquired by Luxium Solutions for $1.10 per share, ~$19M total
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- Per share cash consideration of $1.10; total enterprise value ~$19M including assumed debt.
- Holders of $2.5M convertible notes (Clarex, Welland) agree to convert into common stock before vote.
- Supporting stockholders holding ~40% of shares (post-conversion) enter voting agreement to support merger.
- Go-shop period of 30 days; termination fee of ~$1.17M payable in certain circumstances.
- Transaction expected to close by October 8, 2024, subject to stockholder approval and other conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719494/000110465924045024/0001104659-24-045024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719494/000110465924045024/tm2411289d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-045024

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