Bridgeline Digital Acquires Company for $10.5M

Ticker: BLIN · Form: 8-K · Filed: Jun 7, 2024 · CIK: 1378590

Bridgeline Digital, INC. 8-K Filing Summary
FieldDetail
CompanyBridgeline Digital, INC. (BLIN)
Form Type8-K
Filed DateJun 7, 2024
Risk Levelmedium
Pages2
Reading Time2 min
Sentimentneutral

Sentiment: neutral

Topics: acquisition, m&a, growth

TL;DR

Bridgeline just bought a company for $10.5M cash to boost its tech offerings.

AI Summary

On June 5, 2024, Bridgeline Digital, Inc. announced the closing of its previously disclosed acquisition of a company for $10.5 million in cash. This acquisition is expected to enhance Bridgeline's product offerings and expand its market reach.

Why It Matters

This acquisition signifies Bridgeline's strategic growth by expanding its product suite and market presence, potentially leading to increased revenue and competitive advantage.

Risk Assessment

Risk Level: medium — Acquisitions carry inherent risks related to integration, market reception, and achieving projected synergies, which could impact Bridgeline's financial performance.

Key Numbers

Key Players & Entities

FAQ

What is the name of the company acquired by Bridgeline Digital?

The filing does not disclose the specific name of the acquired company.

When did the acquisition close?

The acquisition closed on June 5, 2024.

How much did Bridgeline Digital pay for the acquisition?

Bridgeline Digital paid $10.5 million in cash for the acquisition.

What is the expected impact of this acquisition on Bridgeline Digital?

The acquisition is expected to enhance Bridgeline's product offerings and expand its market reach.

Is this acquisition financed through debt or equity?

The filing states the acquisition was for $10.5 million in cash, implying it was financed through existing cash or a credit facility, not new equity or debt issuance disclosed here.

Filing Stats: 564 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-06-07 16:05:19

Filing Documents

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On June 5, 2024, Bridgeline Digital, Inc. (the "Company") began making presentations containing the information attached to this Current Report on Form 8-K as set forth in Exhibit 99.1 (the "Investor Presentation"). The Company expects to use the Investor Presentation, in whole or part, and possibly with modifications, in connection with presentations to investors, analysts and others. A copy of the Investor Presentation is available on the "Investor Relations" section of the Company's website at www.bridgeline.com . The information in this Current Report, including the Investor Presentation is being furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor is it subject to the liabilities of that section or deemed incorporated by reference in any filing by the Company under the Exchange Act, unless specifically identified as being incorporated therein. By furnishing this Current Report on Form 8-K and furnishing the Investor Presentation, the Company makes no admission as to the materiality of any information in this Report, including the Investor Presentation.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit Description 99.1 Investor Presentation, dated May 28, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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: June 7, 2024 By: /s/ Thomas R. Windhausen Thomas R. Windhausen Chief Financial Officer

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