secwatch.observer — SEC 8-K summary
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Issuer:     HARTE HANKS INC (HHS)
CIK:        0000045919
Form:       8-K
Filed at:   2022-12-01T23:59:59+00:00
Accession:  0001437749-22-028265
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Harte Hanks acquires InsideOut Solutions for $7.5M; targets 3-4x EBITDA valuation
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- Purchase price $7.5M: $5.75M cash at closing, $1M escrow, $0.75M in HHS common stock.
- InsideOut trailing 12-month revenue of $11.5M and Adjusted EBITDA of $1.5M as of Nov 30, 2022.
- CEO says acquisition is immediately accretive; cost synergies expected to drive 3-4x EBITDA valuation.
- Adds 136 employees and a 7,500 sq ft St. Petersburg, FL facility; InsideOut CEO enters 2-year consulting agreement.
- Expands demand generation and inside sales capabilities within marketing services and customer care segments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/45919/000143774922028265/0001437749-22-028265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/45919/000143774922028265/hrth20221130_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-028265

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