The ONE Group Hospitality Signs Asset Purchase Agreement for Kona Grill
The ONE Group Hospitality, Inc. (STKS)
Last the one group hospitality, inc. earnings: 3/26 04:05 pm
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Source: Business Wire
Agrees to acquire certain assets in Kona Grill’s Chapter 11 Bankruptcy for $25 millionAcquisition expected to add approximately $100 million in annual revenue and to be accretive to earnings post integration DENVER--(BUSINESS WIRE)--The ONE Group Hospitality, Inc. (Nasdaq: STKS) and Kona Grill Acquisition, LLC (“KGA”), its wholly owned subsidiary (collectively, “The ONE Group” or the “Company”), today announced KGA has entered into an Asset Purchase Agreement (the “APA”) with Kona Grill, Inc. and affiliated entities (collectively, “Kona”) to purchase substantially all of Kona’s restaurants for approximately $25 million. The final purchase price will be determined at the closing of the transaction based on the completion of due diligence, subject to certain agreed upon adjustments. The Company expects to finance the acquisition with a new financing facility and cash on hand.Under the terms of the APA, subject to certain conditions, the Company has agreed to purchase the remaining 24
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News
- The ONE Group Hospitality, Inc. (NASDAQ: STKS) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $6.00 price target on the stock.MarketBeat
- Several Insiders Invested In ONE Group Hospitality Flagging Positive News [Yahoo! Finance]Yahoo! Finance
- ONE Group opens 30th STK Steakhouse location [Yahoo! Finance]Yahoo! Finance
- The ONE Group Hospitality, Inc. Opens New STK Niagara Falls Location [Yahoo! Finance]Yahoo! Finance
- The ONE Group Hospitality, Inc. Opens New STK Niagara Falls Location [Yahoo! Finance Canada]Yahoo! Finance Canada
STKS
Earnings
- 11/7/24 - Miss
STKS
Sec Filings
- 11/21/24 - Form 4
- 11/14/24 - Form 4
- 11/14/24 - Form SCHEDULE
- STKS's page on the SEC website