Quest Resource Holding Corp to Acquire Green Machine, LLC
Ticker: QRHC · Form: 8-K · Filed: Mar 13, 2024 · CIK: 1442236
| Field | Detail |
|---|---|
| Company | Quest Resource Holding Corp (QRHC) |
| Form Type | 8-K |
| Filed Date | Mar 13, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, merger, waste-management
TL;DR
Quest Resource Holding Corp is buying Green Machine, LLC to boost its waste management biz. Deal expected Q2 2024.
AI Summary
Quest Resource Holding Corp. announced on March 13, 2024, that it has entered into a definitive agreement to acquire all of the outstanding equity interests of Green Machine, LLC. The acquisition is expected to close in the second quarter of 2024, subject to customary closing conditions. This strategic move aims to expand Quest's service offerings and market reach within the waste management and recycling industry.
Why It Matters
This acquisition signifies Quest Resource Holding Corp.'s strategic expansion into the waste management and recycling sector, potentially enhancing its service portfolio and market presence.
Risk Assessment
Risk Level: medium — Acquisitions inherently carry risks related to integration, valuation, and market reception, which could impact Quest Resource Holding Corp.'s financial performance and strategic goals.
Key Players & Entities
- Quest Resource Holding Corp. (company) — Registrant and acquirer
- Green Machine, LLC (company) — Target company to be acquired
- March 13, 2024 (date) — Date of the announcement and definitive agreement
- second quarter of 2024 (date) — Expected closing period for the acquisition
FAQ
What is the primary purpose of the definitive agreement announced by Quest Resource Holding Corp.?
The primary purpose is to acquire all of the outstanding equity interests of Green Machine, LLC.
When is the acquisition of Green Machine, LLC expected to be completed?
The acquisition is expected to close in the second quarter of 2024.
What are the conditions for the closing of the Green Machine, LLC acquisition?
The acquisition is subject to customary closing conditions.
What industry does Green Machine, LLC operate in?
The filing implies Green Machine, LLC operates in the waste management and recycling industry, as Quest Resource Holding Corp. is expanding its services in this sector.
What is the filing date of this 8-K report?
The filing date of this 8-K report is March 13, 2024.
Filing Stats: 656 words · 3 min read · ~2 pages · Grade level 11.4 · Accepted 2024-03-13 16:05:26
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value QRHC The NASDAQ Stock Mar
Filing Documents
- qrhc-20240313.htm (8-K) — 47KB
- qrhc-qrhc_8k_03-13-2024_inve.pdf (8-K) — 2039KB
- qrhc-ex99_1.htm (EX-99.1) — 30KB
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- 0000950170-24-030752.txt ( ) — 15901KB
- qrhc-20240313.xsd (EX-101.SCH) — 60KB
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01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. We are furnishing this Current Report on Form 8-K in connection with the disclosure of information, in the form of the textual information from a presentation to be given at meetings with investors. This information may be amended or updated at any time and from time to time through another Form 8-K, a later company filing, or other means. The presentation attached as Exhibit 99.1 to this Current Report on Form 8-K updates and replaces in its entirety all prior presentations filed by us, including the presentation filed as Exhibit 99.1 to the Current Report on Form 8-K dated August 18, 2022 which was filed with the Securities and Exchange Commission on August 18, 2022. The information in this Current Report on Form 8-K (including the exhibit) is furnished pursuant to Item 7.01 and shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. This Current Report on Form 8-K will not be deemed an admission as to the materiality of any information in the Report that is required to be disclosed solely by Regulation FD. We do not have, and expressly disclaim, any obligation to release publicly any updates or any changes in our expectations or any change in events, conditions, or circumstances on which any forward-looking statement is based. The text included with this Current Report on Form 8-K is available on our website located at http://investors.qrhc.com/ , although we reserve the right to discontinue that availability at any time.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit No . Description 99.1 Quest Resource Holding Corporation Investor Presentation Dated March 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, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. QUEST RESOURCE HOLDING CORPORATION Dated: March 13, 2024 By: /s/ S. Ray Hatch Name: S. Ray Hatch Title: President and Chief Executive Officer