secwatch.observer — SEC 8-K summary
======================================

Issuer:     LAKELAND INDUSTRIES INC (LAKE)
CIK:        0000798081
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001654954-23-015218
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Lakeland Industries acquires Pacific Helmets for NZ$14M
-------------------------------------------------------

- Acquired all shares of Pacific Helmets NZ Ltd for NZ$14M on Nov 30, 2023, via subsidiary Lakeland NZ Ltd.
- Purchase funded through existing line of credit and cash on hand.
- Entered into Amendment No. 3 with Bank of America to consent to acquisition and permit additional indebtedness.
- Amendment waives borrowing base limitations through Jan 31, 2024, and exempts Pacific from certain guaranty/pledge requirements.
- Deal includes customary post-closing adjustments and holdback provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798081/000165495423015218/0001654954-23-015218-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798081/000165495423015218/lake_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-015218

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