Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
LSI INDUSTRIES INC completed an acquisition involving EMI Industries, LLC (Seller) for $50 million (closed 2024-04-18).
- Action
- acquisition
- Counterparty
- EMI Industries, LLC (Seller)
- Consideration
- $50 million
- Closing
- 2024-04-18
Exact text from the filing
Purchase Agreement (the “ Purchase Agreement ”) pursuant to which Seller agreed to sell substantially all of its assets to Purchaser for an aggregate cash purchase price of $50 million, subject to a working capital adjustment. Florida-based EMI is a metal and millwork manufacturer of standard and customized fixtures, displays and equipment for the convenience
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
LSI INDUSTRIES INC entered into Asset Purchase Agreement with EMI Industries, LLC valued at $50 million (effective 2024-04-18).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- EMI Industries, LLC
- Value
- $50 million
- Effective
- 2024-04-18
Exact text from the filing
On April 18, 2024, EMI Acquisition Company Inc., an Ohio corporation (“ Purchaser ”), and wholly owned subsidiary of LSI Industries Inc., an Ohio corporation (“ LSI ” or the “ Company ”), EMI Industries, LLC, a Florida limited liability company (“ EMI ” or “ Seller ”), LSI (with respect to Section 7.11’s Parent guaranty provisions) and certain members of Seller made parties thereto (the “ Majority Members ”) entered into an Asset Purchase Agreement (the “ Purchase Agreement ”) pursuant to which Seller agreed to sell substantially all of its assets to Purchaser for an aggregate cash purchase price of $50 million, subject to a working capital adjustment.
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