{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-077092","form_type":"8-K","ticker":null,"cik":"0000719494","company_name":"Inrad Optics, Inc.","filed_at":"2024-07-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.693205+00:00","generated_at":"2026-05-31T23:51:15.715516+00:00","sec_items":["2.01","3.01","3.03","5.01","5.02","5.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Luxium Solutions completes acquisition of Inrad Optics for $1.10 per share in cash","bullets":["Shareholders receive $1.10 per share cash; aggregate consideration ~$19 million.","Effective July 2, 2024; Inrad Optics is now a wholly owned subsidiary of Luxium.","Board members Jan M. Winston, William J. Foote, Dennis G. Romano, and Rick Strandlund depart.","Company intends to delist and deregister its common stock with the SEC.","Acquisition funded via secured credit facility; Luxium affiliate of SK Capital and Edgewater Capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-077092","json":"https://secwatch.observer/filing/0001104659-24-077092.json","markdown":"https://secwatch.observer/filing/0001104659-24-077092.md","text":"https://secwatch.observer/filing/0001104659-24-077092.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719494/000110465924077092/0001104659-24-077092-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719494/000110465924077092/tm2418459d6_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T23:51:15.715516+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2a10084fc2","claim":"Rick Strandlund resigned as Director at Inrad Optics, Inc..","evidence_excerpt":"In connection with the Merger, at the Effective Time, the following persons are no longer serving on the Company’s board of directors: Jan M. Winston, William J. Foote, Dennis G. Romano and Rick Strandlund.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719494/000110465924077092/0001104659-24-077092-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"70f581c71a","claim":"Dennis G. Romano resigned as Director at Inrad Optics, Inc..","evidence_excerpt":"In connection with the Merger, at the Effective Time, the following persons are no longer serving on the Company’s board of directors: Jan M. Winston, William J. Foote, Dennis G. Romano and Rick Strandlund.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719494/000110465924077092/0001104659-24-077092-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"90167624d2","claim":"William J. Foote resigned as Director at Inrad Optics, Inc..","evidence_excerpt":"In connection with the Merger, at the Effective Time, the following persons are no longer serving on the Company’s board of directors: Jan M. Winston, William J. Foote, Dennis G. Romano and Rick Strandlund.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719494/000110465924077092/0001104659-24-077092-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"efac319753","claim":"Jan M. Winston resigned as Director at Inrad Optics, Inc..","evidence_excerpt":"In connection with the Merger, at the Effective Time, the following persons are no longer serving on the Company’s board of directors: Jan M. Winston, William J. Foote, Dennis G. Romano and Rick Strandlund.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719494/000110465924077092/0001104659-24-077092-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"38fa6513970a53dc85b60b956a5a8133b73c6976","claim":"Inrad Optics, Inc. completed an acquisition involving Inrad Optics, Inc. for approximately $19 million (closed 2024-07-02).","evidence_excerpt":"Capital Partners, both of which are U.S.-based private equity firms. The aggregate cash consideration paid by Parent to Company stockholders in the Merger was approximately $19 million. The source of the funds for the consideration paid by Parent in the Merger was borrowings under a secured credit facility. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 4","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/719494/000110465924077092/0001104659-24-077092-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Inrad Optics, Inc."},{"label":"Consideration","value":"approximately $19 million"},{"label":"Closing","value":"2024-07-02"}],"fact_type":"ma_transaction"},{"claim_id":"5959d2c37dcf03a6793dfc4cf31298d774329b73","claim":"Inrad Optics, Inc. underwent a change of control involving Luxium Solutions, LLC for $1.10 in cash (closed 2024-07-02).","evidence_excerpt":"the Company (the “Common Stock”) issued and outstanding (other than Cancelled Shares (as defined in the Merger Agreement)) was converted automatically into the right to receive $1.10 in cash, without interest (the “Merger Consideration”). In connection with the Merger Agreement, on April 8, 2024, the Company entered into a Conversion and Cancellation Agreement","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/719494/000110465924077092/0001104659-24-077092-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Luxium Solutions, LLC"},{"label":"Consideration","value":"$1.10 in cash"},{"label":"Closing","value":"2024-07-02"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}