secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC)
CIK:        0000875582
Form:       8-K
Filed at:   2021-09-22T23:59:59+00:00
Accession:  0001171843-21-006611
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NTIC acquires remaining 50% of Indian JV for $6.25M; expects $0.10 EPS boost in FY2022
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- Acquired remaining 50% of HARITA-NTI LTD. (Zerust India) for $6.25M cash, funded via cash on hand and expanded credit line.
- Zerust India had $5.7M revenue and $1.15M earnings in FY2020; $6.7M revenue over nine months ended May 2021.
- Full consolidation expected to contribute ~$10M net sales and >$2.2M net income, adding $0.10 per diluted share in FY2022.
- Line of credit increased from $3M to $5M with PNC Bank; maturity extended to February 22, 2022; rate LIBOR + 2.50%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875582/000117184321006611/0001171843-21-006611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875582/000117184321006611/f8k_092221.htm
  HTML page:      https://secwatch.observer/filing/0001171843-21-006611

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