secwatch.observer — SEC 8-K summary
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Issuer:     Inrad Optics, Inc. (—)
CIK:        0000719494
Form:       8-K
Filed at:   2024-07-02T23:59:59+00:00
Accession:  0001104659-24-077092
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719494/000110465924077092/0001104659-24-077092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719494/000110465924077092/tm2418459d6_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-077092

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