---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-043517"
form_type: "8-K"
ticker: "PPSI"
cik: "0001449792"
company_name: "PIONEER POWER SOLUTIONS, INC."
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T05:56:52.300880+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pioneer Power sells Pioneer Custom Electrical Products for $48M cash plus $2M equity

## Summary
- Total consideration $50M ($48M cash + $2M equity units in buyer's entity); transaction closed Oct 29, 2024.
- Pro forma revenue from continuing ops $11.1M (FY2023) vs $41.5M reported; net loss from continuing ops $6.3M.
- Retains ~6% stake in buyer (Pioneer Investment LLC) via $2M cost method investment.
- Transition services agreement with Buyer for up to 12 months post-closing.
- Gain on sale estimated at $42.2M added to equity on pro forma balance sheet.

## SEC filing metadata
- accession: 0001493152-24-043517
- form_type: 8-K
- ticker: PPSI
- cik: 0001449792
- company_name: PIONEER POWER SOLUTIONS, INC.
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1449792/000149315224043517/0001493152-24-043517-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1449792/000149315224043517/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-043517
- JSON: https://secwatch.observer/filing/0001493152-24-043517.json
- Plain text: https://secwatch.observer/filing/0001493152-24-043517.txt

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