secwatch.observer — SEC 8-K summary
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Issuer:     FOX FACTORY HOLDING CORP (FOXF)
CIK:        0001424929
Form:       8-K
Filed at:   2026-09-29T20:07:22+00:00
Accession:  0001424929-26-000057
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424929/000142492926000057/0001424929-26-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424929/000142492926000057/foxf-20260925.htm
  HTML page:      https://secwatch.observer/filing/0001424929-26-000057

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