---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-009865"
form_type: "8-K/A"
ticker: "STKS"
cik: "0001399520"
company_name: "ONE Group Hospitality, Inc."
filed_at: "2024-07-17T23:59:59+00:00"
generated_at: "2026-05-31T20:10:35.733855+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# One Group completes Benihana acquisition for $365M cash; Benihana FY2024 revenue $530M, net income $53.5M

## Summary
- Acquisition of Safflower Holdings Corp. (Benihana/RA Sushi) for $365M cash closed May 1, 2024; prior Form 8-K now amended with financials.
- Benihana's audited FY2024 (53 weeks) revenue $530.1M vs $517.1M in FY2023; net income $53.5M vs $2.3M, boosted by $57.9M deferred tax benefit.
- Benihana income from operations $31.0M in FY2024 vs $35.4M in FY2023; impairment charges $8.9M, interest expense $35.4M.
- Benihana had $214.4M long-term debt, $27.5M cash, total assets $516.3M as of March 31, 2024; operated 88 company-owned and 12 franchised restaurants.
- Unaudited pro forma combined financials for One Group and Benihana as of March 31, 2024 and year ended Dec 31, 2023 filed as Exhibit 99.2.

## SEC filing metadata
- accession: 0001558370-24-009865
- form_type: 8-K/A
- ticker: STKS
- cik: 0001399520
- company_name: ONE Group Hospitality, Inc.
- filed_at: 2024-07-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1399520/000155837024009865/0001558370-24-009865-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1399520/000155837024009865/stks-20240501x8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-009865
- JSON: https://secwatch.observer/filing/0001558370-24-009865.json
- Plain text: https://secwatch.observer/filing/0001558370-24-009865.txt

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