secwatch.observer — SEC 8-K summary
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Issuer:     LIVE VENTURES Inc (LIVE)
CIK:        0001045742
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001628280-23-025729
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.03, 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Live Ventures acquires Precision Metal Works for ~$28M; adds $75M revenue stream
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- Total consideration ~$28M: $25M cash plus up to $3M earn-out; no stock issued.
- PMW has ~$75M annual revenue, 250 employees, and operates 400,000 sq ft in Kentucky.
- Acquisition funded via $9.4M revolving loan, $4.95M equipment loan from Fifth Third, and $2.5M seller notes.
- Two industrial properties sold and leased back for $14.5M with 20-year terms, 2% annual rent escalations.
- Expected to be immediately accretive to earnings; existing management retained.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045742/000162828023025729/0001628280-23-025729-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045742/000162828023025729/live-20230720.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-025729

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