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. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now [Yahoo! Finance]Yahoo! Finance
- The ONE Group Hospitality, Inc. (NASDAQ: STKS) had its price target lowered by analysts at Wedbush from $5.00 to $3.50. They now have a "neutral" rating on the stock.MarketBeat
- ONE Group Hospitality (NASDAQ:STKS) Will Want To Turn Around Its Return Trends [Yahoo! Finance]Yahoo! Finance
- The One Group Hospitality Inc (STKS) Q3 2024 Earnings Call Highlights: Record Revenue Surge ... [Yahoo! Finance]Yahoo! Finance
- The ONE Group (NASDAQ:STKS) Misses Q3 Revenue Estimates, Stock Drops 19.7% [Yahoo! Finance]Yahoo! Finance
STKS
Earnings
- 11/7/24 - Miss
STKS
Sec Filings
- 11/14/24 - Form 4
- 11/14/24 - Form SCHEDULE
- 11/7/24 - Form 10-Q
- STKS's page on the SEC website