Highest-materiality recent filing
Heritage Global acquires Boston Note Company to expand into seller-note market
Acquisition of Boston Note Company, a nationwide broker of privately held loans, notes, and mortgages.
Heritage Global to wind down specialty lending segment; expects material non-cash Q2 charge
Board authorized wind-down of Heritage Global Capital (HGC) specialty lending business due to continued difficulties with largest borrower.
Heritage Global acquires DebtX loan-sale platform for $8.45M cash
Heritage DebtX LLC acquired substantially all assets of The Debt Exchange, Inc. for $8.45 million in cash on hand.
Heritage Global reports FY2022 record operating income $11.1M, EPS $0.42
FY2022 operating income $11.1M vs $3.0M in 2021; net income $15.5M vs $3.1M.
Heritage Global acquires American Laboratory Trading for $4.3M; adds $1.3M property
Total consideration of $4.3M: $2.3M cash plus $2M subordinated promissory note at 3% due 2025.
Shirley S. Cho notified Heritage Global, Inc. (the “Company”) of her decision to resign as a member of the Company’s Board of Directors
On March 17, 2023, the Board, with the recommendation of the Corporate Governance Committee of the Board, appointed William (Bill) Burnham to fill a vacancy, effective April 1, 2023, as a Class II director of the Company.
Max materiality 0.85 · Median 0.40 · Most common event other_material