---
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"
generated_at: "2026-05-31T23:51:15.715516+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Luxium Solutions completes acquisition of Inrad Optics for $1.10 per share in cash

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-077092
- form_type: 8-K
- cik: 0000719494
- company_name: Inrad Optics, Inc.
- filed_at: 2024-07-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-077092
- JSON: https://secwatch.observer/filing/0001104659-24-077092.json
- Plain text: https://secwatch.observer/filing/0001104659-24-077092.txt

## Key facts
- Executive change
  Rick Strandlund resigned as Director at Inrad Optics, Inc..
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719494/000110465924077092/0001104659-24-077092-index.htm
- Executive change
  Dennis G. Romano resigned as Director at Inrad Optics, Inc..
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719494/000110465924077092/0001104659-24-077092-index.htm
- Executive change
  William J. Foote resigned as Director at Inrad Optics, Inc..
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719494/000110465924077092/0001104659-24-077092-index.htm
- Executive change
  Jan M. Winston resigned as Director at Inrad Optics, Inc..
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719494/000110465924077092/0001104659-24-077092-index.htm
- M&A Transactions
  Inrad Optics, Inc. completed an acquisition involving Inrad Optics, Inc. for approximately $19 million (closed 2024-07-02).
  - Action: acquisition
  - Counterparty: Inrad Optics, Inc.
  - Consideration: approximately $19 million
  - Closing: 2024-07-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719494/000110465924077092/0001104659-24-077092-index.htm
- M&A Transactions
  Inrad Optics, Inc. underwent a change of control involving Luxium Solutions, LLC for $1.10 in cash (closed 2024-07-02).
  - Action: change of control
  - Counterparty: Luxium Solutions, LLC
  - Consideration: $1.10 in cash
  - Closing: 2024-07-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719494/000110465924077092/0001104659-24-077092-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.