{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-089491","form_type":"8-K","ticker":"PAL","cik":"0001998768","company_name":"Proficient Auto Logistics, Inc","filed_at":"2026-08-14T12:45:26+00:00","discovered_at":"2026-08-14T12:50:01.288989+00:00","generated_at":"2026-08-14T12:50:34.599445+00:00","sec_items":["1.01","2.01","2.03","3.02","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"PAL closes H&A acquisition for ~$130M, funds with $75M 5.5% convertible notes due 2033","bullets":["Acquired Hansen & Adkins for ~$130M upfront: ~$75M assumed debt, ~$52M cash, 421,354 PAL shares to Steve Hansen; earnout up to ~$22.1M.","Issued $75M 5.5% convertible senior notes due 2033; conversion price ~$6.50 (27.5% premium to $5.10 close); net proceeds ~$71.4M.","Capped call transactions cost ~$9.2M, cap price $8.93/share, to reduce conversion dilution.","Combined entity now largest North American auto hauler; expects >4M vehicles annually, integration complete early 2027.","H&A founders Steve Hansen and Louie Adkins remain advisors through year-end."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-089491","json":"https://secwatch.observer/filing/0001213900-26-089491.json","markdown":"https://secwatch.observer/filing/0001213900-26-089491.md","text":"https://secwatch.observer/filing/0001213900-26-089491.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1998768/000121390026089491/0001213900-26-089491-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1998768/000121390026089491/ea0301906-8k_proficient.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-14T12:50:34.599445+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"}