secwatch.observer — SEC 8-K summary
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Issuer:     HF Foods Group Inc. (HFFG)
CIK:        0001680873
Form:       8-K
Filed at:   2026-09-03T12:46:02+00:00
Accession:  0001213900-26-096950
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 2.03, 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HF Foods completes CAD$47.9M (US$35M) acquisition of Searay Foods, first Canada expansion
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- Acquired 100% of Searay Foods for ~CAD$47.9M (US$35.0M), ~5.0x 2025 Adjusted EBITDA of CAD$9.56M.
- Consideration: CAD$38.4M (US$27.8M) cash plus 1,701,871 shares at $4.00/share; earnout tied to EBITDA.
- Deal expected immediately accretive to margins and EPS; adds specialty frozen seafood platform in Canada.
- Searay management led by CEO Derick Ngan will continue to run day-to-day operations as HF Foods subsidiary.
- JPMorgan-led lenders consented to joinder of Searay entities under existing credit facility; reserve released.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680873/000121390026096950/0001213900-26-096950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680873/000121390026096950/ea0304088-8k_hffoods.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-096950

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer