secwatch.observer — SEC 8-K summary
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Issuer:     FRIEDMAN INDUSTRIES INC (FRD)
CIK:        0000039092
Form:       8-K/A
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001437749-22-019166
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Friedman Industries Acquires Certain Assets of Plateplus for $72.4M and Stock
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- Friedman Industries acquired real estate, buildings, equipment, inventory, and client relationships from Plateplus’ East Chicago, IN and Granite City, IL facilities and other locations.
- Total consideration of approximately $72.4 million in cash and 516,041 shares of Friedman common stock.
- The acquisition was financed through an expansion of Friedman’s asset-based lending facility from $75M to $150M.
- The filing includes audited financial statements of the acquired assets and pro forma combined financial information.
- Net assets acquired totaled $72.9 million as of March 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39092/000143774922019166/0001437749-22-019166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39092/000143774922019166/frd20220805_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-019166

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