{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-010468","form_type":"8-K","ticker":"FRD","cik":"0000039092","company_name":"FRIEDMAN INDUSTRIES INC","filed_at":"2022-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:04:03.252568+00:00","generated_at":"2026-06-26T02:14:37.447478+00:00","sec_items":["1.01","2.01","2.03","3.02","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Friedman Industries acquires Plateplus assets for ~$63.8M cash + shares; expands ABL facility to $150M","bullets":["Acquired East Chicago, IN and Granite City, IL facilities plus inventory/customer relationships from Loudon, TN and Houston, TX for $63.8M cash and 516,041 shares of FRD common stock.","Acquisition closed April 30, 2022; expected to more than double coil product segment volume (acquired facilities sold 163K tons vs Friedman's 152K tons in trailing 12 months).","Financed via expansion of JPMorgan ABL facility from $75M to $150M; post-closing borrowed balance was $72.5M.","Shares issued to Plateplus (516,041) subject to six-month lock-up; Metal One Corporation becomes significant shareholder.","Transaction expected to be immediately accretive to operating results; operations integrated into Friedman's coil product segment."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-010468","json":"https://secwatch.observer/filing/0001437749-22-010468.json","markdown":"https://secwatch.observer/filing/0001437749-22-010468.md","text":"https://secwatch.observer/filing/0001437749-22-010468.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39092/000143774922010468/0001437749-22-010468-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39092/000143774922010468/frd20220502_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T02:14:37.447478+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"}