secwatch.observer — SEC 8-K summary
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Issuer:     Cavitation Technologies, Inc. (CVAT)
CIK:        0001376793
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0001683168-23-004153
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cavitation Technologies signs LOI to acquire Eagle Ford Silica Sand for ~$20M
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- Acquisition valued at ~$20 million; to be funded through equity and debt financing.
- Eagle Ford owns 180-acre silica sand plant near San Antonio; current output 2,000 MTPD with available capacity of 8,000 MTPD.
- CTi expects transaction to be immediately accretive to earnings and provide positive cash flow.
- Closing targeted by Sept 15, 2023; subject to due diligence, financing, and definitive agreement.
- Synergy: CTi's chemical-free water treatment will reduce Eagle Ford's freshwater use in sand cleaning for fracking.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376793/000168316823004153/0001683168-23-004153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376793/000168316823004153/cavitation_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-004153

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