{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-023124","form_type":"8-K","ticker":"CRWS","cik":"0000025895","company_name":"CROWN CRAFTS INC","filed_at":"2024-07-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.448474+00:00","generated_at":"2026-05-31T18:38:25.437796+00:00","sec_items":["1.01","2.01","2.03","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Crown Crafts acquires Baby Boom assets for $18M cash; funds with $8M term loan","bullets":["Acquired substantially all assets of Baby Boom Consumer Products for $18M cash via subsidiary NoJo Baby, subject to working capital adjustment.","Purchase price funded by $8M term loan from CIT (48 monthly installments, SOFR+2.25%) and increased revolver capacity to $40M.","Term loan requires 50% of Excess Cash Flow prepayments within 90 days of fiscal year-end; Excess Availability must be at least 50% of outstanding term loan.","Financing Agreement amended: revolver extended to July 2029; Fixed Charge Coverage ratio of 1.15:1.0 required until term loan repaid.","$75K escrow for indemnification claims and $500K escrow for post-closing purchase price adjustments; representation and warranty insurance obtained."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-023124","json":"https://secwatch.observer/filing/0001437749-24-023124.json","markdown":"https://secwatch.observer/filing/0001437749-24-023124.md","text":"https://secwatch.observer/filing/0001437749-24-023124.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/25895/000143774924023124/0001437749-24-023124-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/25895/000143774924023124/crws20240720_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T18:38:25.437796+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":"e3ec5ae17f5f6d564db1c346be61b934e0d580f4","claim":"CROWN CRAFTS INC completed an acquisition involving Baby Boom Consumer Products, Inc. for $18.0 million in cash (closed 2024-07-19).","evidence_excerpt":"Seller and the Owners are collectively referred to in this Report as the “Seller Parties”. Pursuant to the Purchase Agreement, the purchase price for the acquistion was $18.0 million in cash (the “Purchase Price”), subject to a dollar-for-dollar adjustment to the extent that the working capital at closing is greater or less than the target working capital of","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/25895/000143774924023124/0001437749-24-023124-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Baby Boom Consumer Products, Inc."},{"label":"Consideration","value":"$18.0 million in cash"},{"label":"Closing","value":"2024-07-19"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}