M&A
confidence high
sentiment positive
materiality 0.80
KiNRG files pro forma financials for Trinity acquisition; combined revenue $257M, net income $1.07M
KiNRG, Inc.
- Acquisition of Trinity closed April 1, 2026 for $12.4M: $1M cash, 4.2M shares at $2.00, $3M promissory note at 6%.
- Pro forma combined FY2025 revenue $257.3M (KiNRG standalone $0); combined net income $1.07M.
- Goodwill of $8.36M recorded as excess of $12.4M purchase price over $4.04M net identifiable assets.
- KiNRG issued 4.2M shares and $3M note due by Sep 30, 2026 or upon a public offering.
- Pro forma basic EPS $0.018 on 59.03M shares; Trinity contributed $3.78M net income vs KiNRG $2.7M loss.