secwatch.observer — SEC 8-K summary
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Issuer:     BGSF, INC. (BGSF)
CIK:        0001474903
Form:       8-K/A
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001474903-23-000018
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BGSF provides audited financials for acquired Horn Solutions; nine-month revenue $22.9M
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- Horn Solutions revenue $23.1M in FY2021; $22.9M in 9mo 2022 (unaudited).
- Net income $6.1M in FY2021 (includes $5.2M PPP loan forgiveness); $2.9M in 9mo 2022.
- Cash and equivalents $6.6M at Sep 30, 2022; notes payable to stockholders $925K.
- Unaudited pro forma combined balance sheet and income statements filed for Sept 25, 2022 and Dec 26, 2021.
- Acquisition of substantially all assets of Horn Solutions closed Dec 12, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474903/000147490323000018/0001474903-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474903/000147490323000018/bgsf-20221212.htm
  HTML page:      https://secwatch.observer/filing/0001474903-23-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer