Heritage Global to wind down specialty lending segment; expects material non-cash Q2 charge

Heritage Global Inc.

Board authorized wind-down of Heritage Global Capital (HGC) specialty lending business due to continued difficulties with largest borrower.
Expects material non-cash impairment charge in Q2 2026 from write-down of non-performing loans and equity method investments.
Total cash expenditures and impairment estimate not yet determined; amendment to be filed after determination.
Q2 2026 earnings conference call rescheduled from Aug 6 to Aug 13, 2026 to allow time to calculate the charge.
Wind-down to commence in Q3 2026; HGC may continue funding an immaterial number of loans or pursue restructurings.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.