---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-021951"
form_type: "8-K"
ticker: "BSET"
cik: "0000010329"
company_name: "BASSETT FURNITURE INDUSTRIES INC"
filed_at: "2022-09-07T23:59:59+00:00"
generated_at: "2026-06-23T13:39:42.546536+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Bassett Furniture acquires Noa Home for C$7.7M upfront plus earn-out

## Summary
- Purchase price: C$2.0M cash to co-founders, C$5.7M to repay existing debt.
- Earn-out: up to C$1.33M/year for three years based on revenue and EBITDA targets.
- Noa Home generated C$19.1M revenue in fiscal year ended Feb 28, 2022.
- Acquisition enhances Bassett's e-commerce presence in Canada, Australia, Singapore, UK.
- Noa co-founders Jeremy Kopek and Jean-Claude Renaud will continue to lead the business.

## SEC filing metadata
- accession: 0001437749-22-021951
- form_type: 8-K
- ticker: BSET
- cik: 0000010329
- company_name: BASSETT FURNITURE INDUSTRIES INC
- filed_at: 2022-09-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10329/000143774922021951/0001437749-22-021951-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10329/000143774922021951/bset20220907_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-021951
- JSON: https://secwatch.observer/filing/0001437749-22-021951.json
- Plain text: https://secwatch.observer/filing/0001437749-22-021951.txt

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