secwatch.observer — SEC 8-K summary
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Issuer:     DecisionPoint Systems, Inc. (—)
CIK:        0001505611
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001213900-23-027837
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01, 2.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

DecisionPoint Systems acquires Macro Integration Services for $10.5M cash plus earnouts
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- Deal closed April 1, 2023: DecisionPoint paid $10.5M cash (subject to working capital adjustments) for all Macro stock.
- Funding drawn from existing MUFG Union Bank line ($12M outstanding) and a new $5M term loan effective March 27, 2023.
- Up to two earnout payments: Year 1 if Macro EBITDA ≥ $1.75M; Year 2 if EBITDA ≥ $2.1M, payable 75 days after each period.
- AR holdback: older receivables collected through Sep 30, 2024 remitted quarterly to sellers; inventory holdback for unused inventory utilized by Mar 31, 2024.
- Macro provides project management, professional services, and integrated solutions; becomes wholly owned subsidiary of DecisionPoint.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505611/000121390023027837/0001213900-23-027837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505611/000121390023027837/ea176500-8k_decision.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-027837

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