8-K
filed January 27, 2023, 6:59 PM ET
ticker RICK
CIK 0000935419
M&A
confidence high
sentiment neutral
materiality 0.40
RCI Hospitality extends closing date for $66.5M club acquisition to Feb 28, 2023
RCI HOSPITALITY HOLDINGS, INC.
- Original agreements signed Dec 12, 2022 for five gentlemen's clubs, real estate, IP, and ATMs for $66.5M.
- Closing deadline extended from Jan 31 to Feb 28, 2023 via nine amendment agreements signed Jan 25–26, 2023.
- Amendments cover Asset Purchase, IP Purchase, ATM Purchase, and Real Estate Purchase agreements.
- No other changes to terms; all other conditions of original agreements remain in full force and effect.
Key facts
Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
RCI HOSPITALITY HOLDINGS, INC. amended Asset Purchase Agreements (effective 2023-01-31).
- Action
- amendment
- Agreement
- asset purchase
- Effective
- 2023-01-31
Exact text from the filing
Each of the Asset Purchase Agreements, IP Purchase Agreements, ATM Purchase Agreement and Real Estate Purchase Agreement provided that such agreements will terminate and be of no force and effect if the transactions contemplated by such agreements are not consummated on or before January 31, 2023. On January 25 and 26, 2023, the parties to those agreements entered into amendment agreements whereby this date was extended to February 28, 2023.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
RCI HOSPITALITY HOLDINGS, INC. amended Intellectual Property Purchase Agreements (effective 2023-01-31).
- Action
- amendment
- Agreement
- asset purchase
- Effective
- 2023-01-31
Exact text from the filing
Each of the Asset Purchase Agreements, IP Purchase Agreements, ATM Purchase Agreement and Real Estate Purchase Agreement provided that such agreements will terminate and be of no force and effect if the transactions contemplated by such agreements are not consummated on or before January 31, 2023. On January 25 and 26, 2023, the parties to those agreements entered into amendment agreements whereby this date was extended to February 28, 2023.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
RCI HOSPITALITY HOLDINGS, INC. amended Real Estate Purchase Agreement (effective 2023-01-31).
- Action
- amendment
- Agreement
- asset purchase
- Effective
- 2023-01-31
Exact text from the filing
Each of the Asset Purchase Agreements, IP Purchase Agreements, ATM Purchase Agreement and Real Estate Purchase Agreement provided that such agreements will terminate and be of no force and effect if the transactions contemplated by such agreements are not consummated on or before January 31, 2023. On January 25 and 26, 2023, the parties to those agreements entered into amendment agreements whereby this date was extended to February 28, 2023.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
RCI HOSPITALITY HOLDINGS, INC. amended ATM Purchase Agreement (effective 2023-01-31).
- Action
- amendment
- Agreement
- asset purchase
- Effective
- 2023-01-31
Exact text from the filing
Each of the Asset Purchase Agreements, IP Purchase Agreements, ATM Purchase Agreement and Real Estate Purchase Agreement provided that such agreements will terminate and be of no force and effect if the transactions contemplated by such agreements are not consummated on or before January 31, 2023. On January 25 and 26, 2023, the parties to those agreements entered into amendment agreements whereby this date was extended to February 28, 2023.
View on SEC.gov
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