---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-071158"
form_type: "8-K"
ticker: "PAL"
cik: "0001998768"
company_name: "Proficient Auto Logistics, Inc"
filed_at: "2024-08-20T23:59:59+00:00"
generated_at: "2026-05-31T08:33:37.233011+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Proficient Auto Logistics completes acquisition of Auto Transport Group for $28.9M cash plus 1.07M shares

## Summary
- Cash consideration of ~$28.9M plus ~1.07M shares of PAL common stock; ~105K shares held back for indemnification.
- ATG operates 76 tractors and 76 trailers providing vehicle transport in the Mountain Western region.
- Registration rights agreement for resale of shares with lock-up periods of 9 and 12 months for half each.
- Transaction funded from cash on hand and borrowings under available credit facilities.

## SEC filing metadata
- accession: 0001213900-24-071158
- form_type: 8-K
- ticker: PAL
- cik: 0001998768
- company_name: Proficient Auto Logistics, Inc
- filed_at: 2024-08-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1998768/000121390024071158/0001213900-24-071158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1998768/000121390024071158/ea0211944-8k_proficient.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-071158
- JSON: https://secwatch.observer/filing/0001213900-24-071158.json
- Plain text: https://secwatch.observer/filing/0001213900-24-071158.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.