Lindblad Expeditions buys 194 Natural Habitat shares from founder Ben Bressler for $15.2M

LINDBLAD EXPEDITIONS HOLDINGS, INC.

Purchased 194 shares of Natural Habitat from founder Ben Bressler for $15,171,664.
Bressler's noncontrolling interest in Natural Habitat reduced from 19.9% to 9.9% after the sale.
Transaction executed pursuant to Bressler's exercise of the First Put Right under the 2016 Stockholders Agreement.
Put/call arrangement remains in place for the remaining 9.9% interest held by Bressler.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LINDBLAD EXPEDITIONS HOLDINGS, INC. entered into Transfer Agreement with Ben Bressler valued at $15,171,664 (effective 2024-04-10).

Action: entry
Agreement: asset purchase
Counterparty: Ben Bressler
Value: $15,171,664
Effective: 2024-04-10

Exact text from the filing

On April 10, 2024, Lindblad Expeditions Holdings, Inc., a Delaware corporation (the “Company”), entered into a Transfer Agreement with its subsidiary, Natural Habitat, Inc. (“Natural Habitat”), and Ben Bressler, founder of Natural Habitat, pursuant to which the Company purchased 194 shares of Natural Habitat (the “Shares”) from Mr. Bressler for $15,171,664 (the “Transfer Agreement”).

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Source: SEC EDGAR

accession 0001437749-24-011846

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