{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-410662","form_type":"8-K","ticker":"LQDT","cik":"0001235468","company_name":"LIQUIDITY SERVICES INC","filed_at":"2026-10-01T20:07:52+00:00","discovered_at":"2026-10-01T20:09:00.734371+00:00","generated_at":"2026-10-12T14:22:12.936214+00:00","sec_items":["1.01","2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Liquidity Services closes $80M cash acquisition of Auction Holdings (Invaluable, AuctionZip)","bullets":["Base purchase price $80M cash on a debt-free, cash-free basis, funded with cash on hand; $9.4M deposited into escrow for indemnification and downward purchase-price adjustments.","Target operates Invaluable, AuctionZip and RFC Auction Systems; ~4 million registered bidders and more than $500M of gross merchandise sales in FY ended December 31, 2025.","Liquidity Services expects the deal to be accretive to GAAP and Non-GAAP Adjusted Diluted EPS in FY27; Invaluable targets the $10B+ collectibles, art and antiques market.","Escrow portions scheduled for release after the 12-month and three-year anniversaries; key employees signed 12- or 24-month noncompete/non-solicitation agreements.","Invaluable's leadership team, including CEO Brett Malone, is expected to remain post-close; Malone cited AI, shipping and payments roadmap expansions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-410662","json":"https://secwatch.observer/filing/0001193125-26-410662.json","markdown":"https://secwatch.observer/filing/0001193125-26-410662.md","text":"https://secwatch.observer/filing/0001193125-26-410662.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1235468/000119312526410662/0001193125-26-410662-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1235468/000119312526410662/lqdt-20261001.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:22:12.936214+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}