{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-039784","form_type":"8-K","ticker":null,"cik":"0001893448","company_name":"Strong Global Entertainment, Inc.","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.331589+00:00","generated_at":"2026-06-08T17:45:34.968705+00:00","sec_items":["1.01","2.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"SGE acquires ICS for $765k total consideration; ICS had $6M 2022 revenue","bullets":["Consideration: $200k cash (staggered), 115,607 shares valued at $200k, and assumption of $465k note at 5% interest.","ICS recorded $6M in 2022 revenue; current run rate above that level.","ICS operations fold into Strong Technical Services, expanding managed service offerings nationwide.","Second acquisition since SGE's IPO in May 2023; closed November 3, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-039784","json":"https://secwatch.observer/filing/0001493152-23-039784.json","markdown":"https://secwatch.observer/filing/0001493152-23-039784.md","text":"https://secwatch.observer/filing/0001493152-23-039784.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1893448/000149315223039784/0001493152-23-039784-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1893448/000149315223039784/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T17:45:34.968705+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":"cd893f540f0ee513b32a596b08bfde088ef63a3d","claim":"Strong Global Entertainment, Inc. completed an acquisition involving Innovative Cinema Solutions, LLC for $100,000, $100,000 deferred, and 115,607 Common Shares (closed 2023-11-03).","evidence_excerpt":"into an asset purchase agreement (the “Asset Purchase Agreement”). Pursuant to the Asset Purchase Agreement, in exchange of certain assets of the Seller, (i) the Purchaser paid $100,000, (ii) the Purchaser will pay $100,000 on the date that is nine (9) months from the closing date, and (iii) the Company issued an aggregate of 115,607 Class A common voting shares","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1893448/000149315223039784/0001493152-23-039784-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Innovative Cinema Solutions, LLC"},{"label":"Consideration","value":"$100,000, $100,000 deferred, and 115,607 Common Shares"},{"label":"Closing","value":"2023-11-03"}],"fact_type":"ma_transaction"},{"claim_id":"4eb812c9d0d0260dcdf7c2e8b54f3f3ed54a3286","claim":"Strong Global Entertainment, Inc. entered into Asset Purchase Agreement with Innovative Cinema Solutions, LLC and Seller’s members (effective 2023-11-03).","evidence_excerpt":"On November 3, 2023, Strong Global Entertainment, Inc. (the “Company”), Strong Technical Services, Inc., a wholly-owned subsidiary of the Company (the “Purchaser”), Innovative Cinema Solutions, LLC (the “Seller”), and Seller’s members (the “Members”) entered into an asset purchase agreement (the “Asset Purchase Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1893448/000149315223039784/0001493152-23-039784-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Innovative Cinema Solutions, LLC and Seller’s members"},{"label":"Effective","value":"2023-11-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}