---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-012804"
form_type: "8-K"
ticker: "STLY"
cik: "0000797465"
company_name: "HG Holdings, Inc."
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T08:38:13.766252+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# HG Holdings repurchases shares from Solas; Hale group ownership jumps to 73% via stock issuance and services deal

## Summary
- Repurchased 402,322 shares from Solas entities for $3.14M ($7.80/sh), reducing Solas ownership from 41.4% to 14.4%.
- Issued 2,899,876 shares to Hale-affiliated Assignors in exchange for ACMAT shares, raising Hale group ownership from 34.7% to 73.0%.
- Entered Master Services Agreement with HP Risk Solutions (Hale affiliate) for $6M/year for 3 years, starting June 1, 2025.
- Change in control of registrant occurred after these transactions; Hale individually owns 0.52%.

## SEC filing metadata
- accession: 0001437749-25-012804
- form_type: 8-K
- ticker: STLY
- cik: 0000797465
- company_name: HG Holdings, Inc.
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 5.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/797465/000143774925012804/0001437749-25-012804-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/797465/000143774925012804/stly20250421_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-012804
- JSON: https://secwatch.observer/filing/0001437749-25-012804.json
- Plain text: https://secwatch.observer/filing/0001437749-25-012804.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.