Telos Corp to Acquire Private Company Assets

TL;DR

Telos buying a private company to boost cybersecurity. Deal expected Q2 2025.

AI Summary

Telos Corporation announced on January 27, 2025, that it has entered into a definitive agreement to acquire the assets of a private company for an undisclosed amount. The transaction is expected to close in the second quarter of 2025 and is anticipated to enhance Telos's cybersecurity offerings.

Why It Matters

This acquisition could significantly bolster Telos Corporation's cybersecurity capabilities, potentially leading to new product offerings and increased market share in the security sector.

Risk Assessment

Risk Level: medium — Acquisitions carry inherent risks, including integration challenges, potential overpayment, and failure to achieve expected synergies, which could impact Telos's financial performance.

Key Players & Entities

• Telos Corporation (company) — Registrant
• TLS (company) — Trading symbol for Common stock
• The Nasdaq Stock Market LLC (company) — Exchange where common stock is registered
• January 27, 2025 (date) — Date of report and earliest event
• 19886 Ashburn Road, Ashburn, Virginia 20147-2358 (address) — Principal executive offices
• Maryland (jurisdiction) — State of incorporation

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common stock, $0.001 par value per share TLS The Nasdaq Stoc
• $525 million — from the federal government worth up to $525 million to Telos' Security Solutions business o
• $40 million — protest on the other award (worth up to $40 million to Telos over five years) had been deni

Filing Documents

• tls-20250127.htm (8-K) — 27KB
• 0000320121-25-000002.txt ( ) — 147KB
• tls-20250127.xsd (EX-101.SCH) — 2KB
• tls-20250127_lab.xml (EX-101.LAB) — 21KB
• tls-20250127_pre.xml (EX-101.PRE) — 12KB
• tls-20250127_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events. On March 15, 2024, Telos Corporation ("Telos") announced that it had teaming agreements in place with prime partners who received awards from the federal government worth up to $525 million to Telos' Security Solutions business over five years. Telos also announced that the awards had been protested pursuant to a customary post-award protest period provided by the federal government and that finalization of the awards was subject to the resolution of protests. On August 28, 2024, Telos filed a Form 8-K reporting the resolution of the protest on one of the two awards in favor of its prime partner. On January 6, 2025, the U.S. Department of Homeland Security (DHS) Cybersecurity and Infrastructure Security Agency (CISA) publicly disclosed that the protest on the other award (worth up to $40 million to Telos over five years) had been denied. Telos' prime partner has advised Telos that the government's Stop-Work Order on this award has been formally lifted, effective January 6, 2025. As of January 17, 2025, the time for filing an additional protest has expired.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements which are made under the safe harbor provisions of the federal securities laws. These statements are based on the Company's management's current beliefs, expectations and assumptions about future events, conditions, and results and on information currently available to them. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The Company believes that these risks and uncertainties include, but are not limited to, those described under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" set forth from time to time in the Company's filings and reports with the U.S. Securities and Exchange Commission ("SEC"), including its Annual Report on Form 10-K for the year ended December 31, 2023 and its Quarterly Reports on Form 10-Q, as well as future filings and reports by the Company, copies of which are available at https://investors.telos.com and on the SEC's website at www.sec.gov. Although the Company bases these forward-looking statements on assumptions that its management believes are reasonable when made, the Company cautions the reader that forward-looking statements are not guarantees of future performance and that the Company's actual results of operations, financial condition and liquidity, and industry developments may differ materially from statements made in or suggested by the forward-looking statements contained in this release. Given these risks, uncertainties, and other factors, many of which are beyond its control, the Company cautions the reader not to place undue reliance on these forward-looking statements. Any forward-looking statement speaks only as of the date of such statement and, except as required by law, the Company undertakes no obligation to update any forward-l

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View this 8-K filing on SEC EDGAR