secwatch.observer — SEC 8-K summary
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Issuer:     HUDSON TECHNOLOGIES INC /NY (HDSN)
CIK:        0000925528
Form:       8-K
Filed at:   2024-06-07T23:59:59+00:00
Accession:  0001104659-24-069302
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hudson Technologies acquires USA Refrigerants for $20.7M + $2M earnout
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- Acquired substantially all assets of USA Refrigerants for $20.7M cash at closing, plus up to $2M earnout payable ~18 months post-close.
- USA generated average revenues of ~$20M per year over last three years; acquisition valued at ~6X EBITDA.
- Hudson will create a dedicated refrigerant acquisition group combining USA's team to enhance purchasing of recovered refrigerants.
- Amendment to Wells Fargo credit facility permits the acquisition and allows stock repurchases up to $5M per year ($15M aggregate).
- Acquisition closed June 6, 2024; expected to drive increased sales of higher margin reclaimed refrigerants as phase-downs create imbalance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/925528/000110465924069302/0001104659-24-069302-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/925528/000110465924069302/tm2416658d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-069302

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