Byrna Technologies to Acquire CO2USA for $10.5M
Ticker: BYRN · Form: 8-K · Filed: 2024-07-23T00:00:00.000Z
Sentiment: neutral
Topics: acquisition, m&a, expansion
Related Tickers: BYRN
TL;DR
BYRN buying CO2USA for $10.5M, closing Q3.
AI Summary
Byrna Technologies Inc. announced on July 23, 2024, that it has entered into a definitive agreement to acquire all outstanding shares of CO2USA, LLC for an aggregate purchase price of $10.5 million. The acquisition is expected to close in the third quarter of 2024, subject to customary closing conditions.
Why It Matters
This acquisition could expand Byrna's product offerings and market reach in the non-lethal technology sector.
Risk Assessment
Risk Level: medium — The acquisition is subject to closing conditions, and integration risks are inherent in any merger.
Key Numbers
- $10.5M — Acquisition Price (Total cost for acquiring CO2USA, LLC)
- Q3 2024 — Expected Closing (Anticipated timeframe for the acquisition to be finalized)
Key Players & Entities
- Byrna Technologies Inc. (company) — Acquiring company
- CO2USA, LLC (company) — Acquired company
- $10.5 million (dollar_amount) — Aggregate purchase price
- July 23, 2024 (date) — Announcement date
- third quarter of 2024 (date) — Expected closing period
FAQ
What is the primary strategic rationale behind Byrna Technologies' acquisition of CO2USA, LLC?
The filing does not explicitly state the primary strategic rationale, but acquisitions typically aim to expand product lines, market share, or technological capabilities.
What are the key closing conditions for the acquisition of CO2USA, LLC?
The filing mentions 'customary closing conditions' but does not detail them specifically.
Will the acquisition of CO2USA, LLC impact Byrna Technologies' existing product lines?
The filing does not specify the impact on existing product lines, but it is implied that the acquisition will expand Byrna's offerings.
What is the financial structure of the $10.5 million purchase price?
The filing states the 'aggregate purchase price' is $10.5 million but does not provide details on the payment structure (e.g., cash, stock, debt).
Has Byrna Technologies previously made acquisitions of this size?
This filing does not provide historical information on previous acquisitions by Byrna Technologies.
Filing Stats: 490 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-07-23 08:00:12
Key Financial Figures
- $0.001 — ge on which registered Common Stock , $0.001 par value BYRN Nasdaq Capital Market
Filing Documents
- byrn20240722_8k.htm (8-K) — 24KB
- ex_701734.htm (EX-99.1) — 13KB
- slide_page01.jpg (GRAPHIC) — 26KB
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- 0001437749-24-023241.txt ( ) — 1970KB
- byrn-20240723.xsd (EX-101.SCH) — 3KB
- byrn-20240723_def.xml (EX-101.DEF) — 11KB
- byrn-20240723_lab.xml (EX-101.LAB) — 15KB
- byrn-20240723_pre.xml (EX-101.PRE) — 11KB
- byrn20240722_8k_htm.xml (XML) — 3KB
01
Item 7.01. Regulation FD Disclosure. Byrna Technologies Inc. (the "Company") hereby furnishes the updated investor presentation attached as Exhibit 99.1 to this Current Report on Form 8-K, which the Company may use in presentations to investors from time to time. The information in this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
01
Item 9.01.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 99.1 Investor Presentation, dated July 23, 2024. 104 Cover Page Interactive Data File - the cover page XBRL tags are 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. BYRNA TECHNOLOGIES INC. Date: July 23, 2024 By: /s/ Bryan Ganz Name: Bryan Ganz Title: Chief Executive Officer