Current Report Filing (8-k)
December 02 2021 - 08:32AM
Edgar (US Regulatory)
false 0001759824 0001759824 2021-12-02
2021-12-02 0001759824 altg:CommonStocksClassUndefinedMember
2021-12-02 2021-12-02 0001759824 us-gaap:PreferredStockMember
2021-12-02 2021-12-02
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 2,
2021
ALTA EQUIPMENT GROUP INC.
(Exact name of registrant as specified in its charter)
|
|
|
|
|
|
Delaware
|
|
001-38864
|
|
83-2583782
|
|
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
|
13211 Merriman Road
Livonia, Michigan 48150
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (248)
449-6700
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
|
|
|
☐
|
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
|
|
|
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|
|
|
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|
|
|
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
|
Securities registered pursuant to Section 12(b) of the
Act:
|
|
|
|
|
|
Title of each class
|
|
Trading Symbol(s)
|
|
Name of each exchange on which registered
|
|
Common stock, $0.0001 par value per share
|
|
ALTG
|
|
The New York Stock Exchange
|
|
Depositary Shares representing a 1/1000th fractional interest in a
share of 10% Series A Cumulative Perpetual Preferred Stock, $0.0001
par value per share
|
|
ALTG PRA
|
|
The New York Stock Exchange
|
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
Item 8.01. Other Events. *
On December 1, 2021, Alta Equipment Group Inc. (“Alta” or the
“Company”) closed its acquisition of Midwest Mine Services LLC,
which was structured as an asset sale. Midwest Mine Services, based
near Toledo, Ohio, designs, fabricates, and installs full aggregate
processing plants for quarries, mines and recycling operations
throughout the United States and is well-established in the Ohio
and Michigan markets. The acquisition was completed pursuant to the
agreement announced on November 18, 2021. The purchase price for
the acquisition was $7.1 million of cash paid at closing, which
included $0.6 million worth of excess working capital, yielding an
enterprise value at close of approximately $6.5 million. The
purchase price is subject to certain post-close adjustments.
Midwest Mine Services generated approximately $17.0 million in
revenue and had adjusted EBITDA of approximately $1.3 million in
the trailing twelve months through July 2021.
Item 9.01 Financial Statements and Exhibits.
|
|
|
|
Exhibit No.
|
|
Description
|
|
|
|
|
|
Ex-104
|
|
Cover Page Interactive Data File (embedded within the Inline XBRL
document).
|
|
*
|
The
information furnished under Item 8.01 of this Current Report on
Form 8-K is being furnished and shall not be deemed to be “filed”
for the purposes of Section 18 of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”), or incorporated by
reference in any filing under the Exchange Act or the Securities
Act of 1933, as amended, except as shall be expressly set forth by
specific reference in such a filing. This Current Report on Form
8-K will not be deemed an admission as to the materiality of any
information included in Item 8.01.
|
2
SIGNATURE
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.
|
|
ALTA EQUIPMENT GROUP INC.
|
|
|
|
|
|
Dated: December 2, 2021
|
By:
|
|
/s/ Ryan Greenawalt
|
|
|
|
|
Name: Ryan Greenawalt
|
|
|
|
|
Title: Chief Executive Officer
|
3
Alta Equipment (NYSE:ALTG)
Historical Stock Chart
From Jun 2022 to Jul 2022
Alta Equipment (NYSE:ALTG)
Historical Stock Chart
From Jul 2021 to Jul 2022
