secwatch.observer — SEC 8-K summary
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Issuer:     Applied UV, Inc. (—)
CIK:        0001811109
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001607062-23-000056
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 3.02, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied UV completes acquisitions of PURO Lighting and LED Supply, expects ~$45-50M combined 2023 sales
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- Closed mergers with PURO Lighting and LED Supply on Jan 27, 2023; issued ~3.875M common shares, 400K Series C, and 1.25M Series B preferred as consideration.
- Series B (2% cumulative, $6 liquidation preference) and Series C (5% cumulative, $5 liquidation preference) created; convertible 1:1 into common.
- Acquisitions financed via $2.81M redeemable note from Streeterville Capital and $1.54M draw on Pinnacle Bank line of credit.
- Press release projects combined annualized revenue of ~$45-50M in 2023, roughly doubling company size; PURO's HVAC monitoring adds IoT capabilities.
- PURO's strategic relationship with Acuity Brands and Grainger cited as key growth channel for expanded disinfection portfolio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811109/000160706223000056/0001607062-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811109/000160706223000056/auvi020123form8k.htm
  HTML page:      https://secwatch.observer/filing/0001607062-23-000056

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