secwatch.observer — SEC 8-K summary
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Issuer:     ULTRALIFE CORP (ULBI)
CIK:        0000875657
Form:       8-K
Filed at:   2021-12-16T23:59:59+00:00
Accession:  0001437749-21-028699
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ultralife acquires Excell Battery Group for $23.5M; expects EPS accretion within 12 months
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- Total purchase price of $23.5M for Excell Canada and Excell USA; funded by cash and new credit facilities.
- Excell generated $21.2M revenue for trailing twelve months ended Nov 30, 2021.
- Acquisition expected to be accretive on EPS basis within twelve months; expands commercial revenue diversification.
- Amended credit agreement: $10M term loan (5-year) and $30M revolver extended to May 2025, with potential increase to $50M.
- Excell serves industrial markets: downhole drilling, OEM medical, mining, marine; brings experienced technical resources.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875657/000143774921028699/0001437749-21-028699-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875657/000143774921028699/ulbi20211213_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-028699

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