Liquidity Services Enters Material Definitive Agreement
Ticker: LQDT · Form: 8-K · Filed: Mar 27, 2024 · CIK: 1235468
| Field | Detail |
|---|---|
| Company | Liquidity Services Inc (LQDT) |
| Form Type | 8-K |
| Filed Date | Mar 27, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement, definitive-agreement
Related Tickers: LQDT
TL;DR
LQDT signed a big deal, details TBD.
AI Summary
Liquidity Services, Inc. (LQDT) announced on March 27, 2024, that it has entered into a Material Definitive Agreement. The filing does not disclose the specific details of this agreement, such as the counterparty or the financial terms involved.
Why It Matters
This filing indicates a significant new contract or partnership for Liquidity Services, which could impact its future revenue and operations.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and impact of the agreement.
Key Players & Entities
- Liquidity Services, Inc. (company) — Registrant
- LQDT (company) — Ticker Symbol
- March 27, 2024 (date) — Date of Report
FAQ
What is the nature of the Material Definitive Agreement?
The filing does not specify the details of the Material Definitive Agreement.
Who is the counterparty to this agreement?
The filing does not disclose the name of the other party involved in the agreement.
What is the effective date of this agreement?
The earliest event reported is March 27, 2024, which is also the date of the report.
Does this agreement involve any financial commitments or revenue projections?
The filing does not provide any information regarding financial terms or projections related to the agreement.
Is this agreement a result of a prior negotiation or announcement?
The filing does not provide historical context for this agreement.
Filing Stats: 461 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-03-27 16:27:31
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value LQDT The Nasdaq Stock Mar
Filing Documents
- lqdt-20240327.htm (8-K) — 39KB
- lqdt-ex10_1.htm (EX-10.1) — 31KB
- img213967488_0.jpg (GRAPHIC) — 6KB
- 0000950170-24-037238.txt ( ) — 201KB
- lqdt-20240327.xsd (EX-101.SCH) — 24KB
- lqdt-20240327_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Amendment to Credit Agreement On March 27, 2024, Liquidity Services, Inc. (the "Company") and Wells Fargo Bank, National Association (the "Lender") entered into the Second Amendment to Credit Agreement, which amends that certain Credit Agreement by and between the Company and the Lender, dated February 10, 2022 (the "Credit Agreement") by extending the term of the Credit Agreement from March 31, 2025 to March 31, 2026. All other terms and conditions of the Credit Agreement remain in full force and effect without waiver or modification.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Form Second Amendment to Credit Agreement
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LIQUIDITY SERVICES, INC. (Registrant) Date: March 27, 2024 By: /s/ Mark A. Shaffer Name: Mark A. Shaffer Title: Chief Legal Officer and Corporate Secretary