secwatch.observer — SEC 8-K summary
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Issuer:     ACCESS Newswire Inc. (ACCS)
CIK:        0000843006
Form:       8-K/A
Filed at:   2023-01-17T23:59:59+00:00
Accession:  0001654954-23-000500
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Issuer Direct completes acquisition of iNewsWire.com; reports revenue $10.0M (2021), $7.1M (2020)
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- Acquired iNewsWire.com LLC for undisclosed cash consideration; deal closed Nov 1, 2022.
- iNewsWire revenue: $10.03M in FY2021, $7.13M in FY2020; net income $1.17M and $1.13M respectively.
- As of Dec 31, 2021, iNewsWire had cash $56k, total assets $892k, and a members' deficit of $2.23M.
- Pro forma financials for Issuer Direct for nine months ended Sep 30, 2022 and year ended Dec 31, 2021 filed as Exhibit 99.3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/843006/000165495423000500/0001654954-23-000500-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/843006/000165495423000500/isdr_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-000500

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