{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-008476","form_type":"8-K","ticker":"RICK","cik":"0000935419","company_name":"RCI HOSPITALITY HOLDINGS, INC.","filed_at":"2023-03-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.648087+00:00","generated_at":"2026-06-18T00:02:32.355991+00:00","sec_items":["1.01","2.01","2.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"RCI closes $66.5M deal for 5 TX nightclubs; sees $11M adj. EBITDA in Y1","bullets":["Purchase price $66.5M: $25M cash ($10M from bank line), $25.5M seller notes (7%, 10-year), 200k restricted shares valued at $16M.","Acquired five clubs: Baby Dolls (Dallas, Ft. Worth) and three Chicas Locas (Houston, Dallas, Arlington) plus real estate and IP.","Expected year-one adjusted EBITDA ~$11M; after expansion/renovation, projected $14-16M annually.","Seller notes secured by purchased assets; shares subject to 24-month lock-up; also bought ATMs for $2.6M."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-008476","json":"https://secwatch.observer/filing/0001628280-23-008476.json","markdown":"https://secwatch.observer/filing/0001628280-23-008476.md","text":"https://secwatch.observer/filing/0001628280-23-008476.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/935419/000162828023008476/0001628280-23-008476-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/935419/000162828023008476/rick-20230316.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T00:02:32.355991+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"952dac496748a26325ffcb08ef4f4eb7f39e9336","claim":"RCI HOSPITALITY HOLDINGS, INC. completed an acquisition involving TTNA, Inc.; DB Entertainment, Inc.; Duncan Burch, Inc.; Millennium Restaurants Group, Inc.; T and N, Incorporated for total purchase price of $66.5 million (closed 2023-03-16).","evidence_excerpt":"to acquire five gentlemen’s clubs, five related real estate properties, associated intellectual property, and certain automated teller machines for a total purchase price of $66.5 million, payable with a total of $25.0 million in cash, a total of $25.5 million in seller financing, and 200,000 restricted shares of common stock based on an $80 per share price,","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/935419/000162828023008476/0001628280-23-008476-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"TTNA, Inc.; DB Entertainment, Inc.; Duncan Burch, Inc.; Millennium Restaurants Group, Inc.; T and N, Incorporated"},{"label":"Consideration","value":"total purchase price of $66.5 million"},{"label":"Closing","value":"2023-03-16"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}