{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-027833","form_type":"8-K","ticker":"KFS","cik":"0001072627","company_name":"KINGSWAY FINANCIAL SERVICES INC","filed_at":"2022-11-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.521665+00:00","generated_at":"2026-06-21T14:46:17.319064+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.72,"calibrated_materiality_score":0.72,"confidence":"high","headline":"Kingsway acquires Secure Nursing Service for $10.9M; expects immediate accretion","bullets":["Purchase price $10.9M cash; SNS had $19.7M revenue, $2.6M GAAP pre-tax income, $2.7M adjusted EBITDA (TTM Jun 2022).","Deal financed with $6.5M term loan + $1M revolver from Signature Bank; Prime+0.5% (5% floor), matures Nov 2028.","Third acquisition under Kingsway Search Xcelerator Program; Charles Mokuolu named SNS President and CEO.","Expected to be immediately accretive; capital-light, recurring revenue healthcare staffing business."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-027833","json":"https://secwatch.observer/filing/0001437749-22-027833.json","markdown":"https://secwatch.observer/filing/0001437749-22-027833.md","text":"https://secwatch.observer/filing/0001437749-22-027833.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1072627/000143774922027833/0001437749-22-027833-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1072627/000143774922027833/kfs20221118_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T14:46:17.319064+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":[{"claim_id":"77f9e5da5ddcea99556f5ceb70a3162a2c9314c2","claim":"KINGSWAY FINANCIAL SERVICES INC entered into Asset Purchase Agreement with Secure Nursing Service, Inc., a California corporation, Rafael Gofman, Ella Gofman, and Zhanna Weiss valued at approximately $10.9 million (effective 2022-11-18).","evidence_excerpt":"On November 18, 2022, Pegasus Acquirer LLC (the “Kingsway Buyer”), a newly formed subsidiary of Kingsway Financial Services Inc. (the “Company” or “Kingsway”), entered into an Asset Purchase Agreement (the “Agreement”) with Secure Nursing Service, Inc., a California corporation (“Seller”), Rafael Gofman (“Gofman”), Ella Gofman (“Ella”), and Zhanna Weiss (“Weiss” and, collectively with Gofman and Ella, the “Shareholders” and each, individually, a “Shareholder”) pursuant to which the Kingsway Buyer agreed to purchase and assume from Seller, substantially all of the assets and certain specified liabilities of Seller","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1072627/000143774922027833/0001437749-22-027833-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Secure Nursing Service, Inc., a California corporation, Rafael Gofman, Ella Gofman, and Zhanna Weiss"},{"label":"Value","value":"approximately $10.9 million"},{"label":"Effective","value":"2022-11-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}