secwatch.observer — SEC 8-K summary
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Issuer:     GSE SYSTEMS INC (—)
CIK:        0000944480
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001140361-24-044889
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 2.01, 3.01, 3.03, 5.03, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GSE Systems acquired by Pelican affiliate for $4.60/share; stock delisted from Nasdaq
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- Stockholders receive $4.60 per share in cash; total consideration ~$15.9M.
- Merger approved by GSE shareholders at special meeting on October 29, 2024.
- Trading of GSE common stock suspended after 8 PM ET on October 31, 2024.
- Ravi Khanna remains CEO; board replaced by Sam Veselka and Ryan Lloyd.
- GSE becomes wholly owned subsidiary of Nuclear Engineering Holdings LLC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944480/000114036124044889/0001140361-24-044889-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944480/000114036124044889/ef20038021_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-044889

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