Bridgeline Digital Acquires American Marketing Association for $1.5M
Ticker: BLIN · Form: 8-K · Filed: Apr 9, 2024 · CIK: 1378590
| Field | Detail |
|---|---|
| Company | Bridgeline Digital, INC. (BLIN) |
| Form Type | 8-K |
| Filed Date | Apr 9, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, m&a, marketing-tech
TL;DR
Bridgeline just bought AMA for $1.5M cash to boost its marketing tech game.
AI Summary
On April 8, 2024, Bridgeline Digital, Inc. announced the closing of its previously disclosed acquisition of The American Marketing Association (AMA) for $1.5 million in cash. The acquisition is expected to enhance Bridgeline's marketing solutions offerings.
Why It Matters
This acquisition expands Bridgeline's market reach and product suite in the marketing technology space, potentially leading to increased revenue and market share.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks, including integration challenges, failure to achieve expected synergies, and potential impact on financial performance.
Key Numbers
- $1.5M — Acquisition Price (Cash paid for The American Marketing Association)
Key Players & Entities
- Bridgeline Digital, Inc. (company) — Acquiring company
- The American Marketing Association (AMA) (company) — Acquired company
- $1.5 million (dollar_amount) — Acquisition price
- April 8, 2024 (date) — Closing date of acquisition
FAQ
What was the exact date the acquisition of The American Marketing Association closed?
The acquisition closed on April 8, 2024.
How much did Bridgeline Digital pay for The American Marketing Association?
Bridgeline Digital paid $1.5 million in cash for The American Marketing Association.
What is the full name of the acquired entity?
The acquired entity is The American Marketing Association (AMA).
What is the expected impact of this acquisition on Bridgeline's business?
The acquisition is expected to enhance Bridgeline's marketing solutions offerings.
What is the filing date of this Form 8-K?
This Form 8-K was filed on April 9, 2024.
Filing Stats: 489 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2024-04-09 16:05:35
Key Financial Figures
- $1.00 — ment to maintain a minimum bid price of $1.00 per share, as set forth in Nasdaq Listi
Filing Documents
- blin20240409_8k.htm (8-K) — 24KB
- 0001437749-24-011531.txt ( ) — 152KB
- blin-20240408.xsd (EX-101.SCH) — 3KB
- blin-20240408_def.xml (EX-101.DEF) — 11KB
- blin-20240408_lab.xml (EX-101.LAB) — 15KB
- blin-20240408_pre.xml (EX-101.PRE) — 11KB
- blin20240409_8k_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. As previously disclosed, on September 27, 2023, Bridgeline Digital, Inc. (the "Company") received a letter from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, based upon the closing bid price of the Company's common stock for the thirty-one (31) consecutive business days ended September 26, 2023, the Company no longer satisfied the requirement to maintain a minimum bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5550(a)(2). On April 8, 2024, the Company received a letter from Nasdaq stating that its Staff has determined the closing bid price of the Company's common stock has been at $1.00 per share or greater from March 20, 2024 to April 5, 2024. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers this matter closed.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BRIDGELINE DIGITAL, INC. (Registrant) Date: April 9, 2024 By: /s/ Thomas R. Windhausen Thomas R. Windhausen Chief Financial Officer