secwatch.observer — SEC 8-K summary
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Issuer:     Ashford Inc. (—)
CIK:        0001604738
Form:       8-K/A
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001604738-23-000035
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01, 2.01
LLM model:  deepseek-v4-flash:cloud@v2

Ashford Inc. completes $11M acquisition of Maui watersports operator Alii Nui
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- Total purchase price $11.0M: $8.0M cash, $1.0M contingent consideration, $2.0M in RED preferred units.
- Net assets acquired $11.3M; includes $736K goodwill, $1.6M trade name, $6.25M state operating license (20-yr amort.).
- Contingent consideration of $1.0M tied to obtaining a marine vessel permit; $500K due on permit date, $500K at 18-month holdback.
- Acquisition completed March 17, 2023; revenue, earnings, and assets not significant to Ashford's consolidated financials.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604738/000160473823000035/0001604738-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604738/000160473823000035/ainc-20230320.htm
  HTML page:      https://secwatch.observer/filing/0001604738-23-000035

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