secwatch.observer — SEC 8-K summary
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Issuer:     SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK:        0000354963
Form:       8-K/A
Filed at:   2024-06-11T23:59:59+00:00
Accession:  0001171843-24-003381
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shentel files Horizon acquisition financials: $23.8M loss on $66.7M revenue in 2023
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- Horizon net loss $23.8M in 2023 vs $12.0M loss in 2022; revenue $66.7M (+3% YoY).
- Horizon total assets $432M; total debt $251M (including current) as of Dec 31, 2023.
- Shentel issued 4.1M shares and paid $305M cash to acquire Horizon (per initial 8-K).
- Horizon operating loss $5.2M in 2023 vs income $2.8M in 2022; capex $59.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354963/000117184324003381/0001171843-24-003381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354963/000117184324003381/f8k_060924.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-003381

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