secwatch.observer — SEC 8-K summary
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Issuer:     Heritage Global Inc. (HGBL)
CIK:        0000849145
Form:       8-K
Filed at:   2021-08-24T23:59:59+00:00
Accession:  0001564590-21-045558
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Global acquires American Laboratory Trading for $4.3M; adds $1.3M property
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- Total consideration of $4.3M: $2.3M cash plus $2M subordinated promissory note at 3% due 2025.
- Real property at 12 Colton Road, East Lyme, CT acquired separately for $1.3M.
- ALT is a leading reseller of refurbished lab equipment with over 6,000 instruments in stock.
- ALT President Jayson Bernstein remains in leadership; operations stay in East Lyme.
- CEO Ross Dove says bolt-on acquisition strengthens biotech service offering and should have immediate bottom-line impact.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849145/000156459021045558/0001564590-21-045558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849145/000156459021045558/hgbl-8k_20210818.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-045558

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