secwatch.observer — SEC 8-K summary
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Issuer:     PRECISION OPTICS CORPORATION, INC. (POCI)
CIK:        0000867840
Form:       8-K
Filed at:   2021-10-08T23:59:59+00:00
Accession:  0001683168-21-004762
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Precision Optics Acquires Lighthouse Imaging Assets for $2.855M Cash, $1.5M Earn-Out, and 2.5M Shares
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- Closed acquisition of Lighthouse Imaging assets for $2.855M cash (adjusted from $3.25M) plus up to $1.5M earn-out and 2.5M unregistered shares.
- Financed with $2.6M term loan from Main Street Bank at Prime+1.5% (floor 4.75%) and $1.5M private placement of 937,500 shares at $1.60/share.
- Appointed Peter V. Anania as Class II director for three-year term; he is President of Anania & Associates.
- Sellers granted five-year non-compete and non-solicitation; acquisition effective October 4, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/867840/000168316821004762/0001683168-21-004762-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/867840/000168316821004762/precision_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-21-004762

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