secwatch.observer — SEC 8-K summary
======================================

Issuer:     HARMONIC INC. (HLIT)
CIK:        0000851310
Form:       8-K
Filed at:   2026-03-23T23:59:59+00:00
Accession:  0001193125-26-119977
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Harmonic sells Video Business to MediaKind for $145M cash
---------------------------------------------------------

- Purchase price $145M cash, subject to net working capital and cash/debt adjustments.
- French works council consultation completed March 12; Put Option exercised March 16; APA signed March 20, 2026.
- Closing expected Q2 2026, subject to regulatory approvals and other customary conditions.
- APA includes 3-year non-compete covenant and mutual indemnification provisions.
- Transaction structured as asset purchase of Transferred Assets and Acquired Subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851310/000119312526119977/0001193125-26-119977-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851310/000119312526119977/hlit-20260320.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-119977

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