---
schema_version: "secwatch.filing_event.v1"
accession: "0001424929-26-000057"
form_type: "8-K"
ticker: "FOXF"
cik: "0001424929"
company_name: "FOX FACTORY HOLDING CORP"
filed_at: "2026-09-29T20:07:22+00:00"
generated_at: "2026-10-12T13:48:39.013079+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Fox Factory closes $225M sale of Marucci bats unit to management-led buyer; books $120M loss

## Summary
- Wheelhouse Holdings/Marucci Sports divested at $225M enterprise value: $200M cash plus a $25M unsecured subordinated convertible note; cash proceeds used to pay down the credit facility.
- Note: $24.7M due Dec 31, 2026 at 4.55%, stepping to 10% if unpaid, with quarterly PIK interest and a $2.5M automatic principal step-up; convertible into Intermediate Co. equity.
- Fox recognized a $120.1M loss on disposal: $337.6M of net assets disposed versus $225M consideration received, plus $7.5M of transaction costs.
- Pro forma FY2025 net sales $1.28B vs $1.47B historical (-12.7%); pro forma net loss per share $(15.82) vs $(13.03); pro forma cash rises to $250.8M from $61.3M.
- Buyer Squared Up Holdings is an acquisition vehicle for an investor group led by Marucci senior management; the deal includes a $250,000 collar on post-closing purchase-price adjustments.

## SEC filing metadata
- accession: 0001424929-26-000057
- form_type: 8-K
- ticker: FOXF
- cik: 0001424929
- company_name: FOX FACTORY HOLDING CORP
- filed_at: 2026-09-29T20:07:22+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424929/000142492926000057/0001424929-26-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424929/000142492926000057/foxf-20260925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001424929-26-000057
- JSON: https://secwatch.observer/filing/0001424929-26-000057.json
- Plain text: https://secwatch.observer/filing/0001424929-26-000057.txt

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