HARTE HANKS INC (HHS) Form 10-Q — Aug 14, 2026
Harte Hanks entered into a definitive merger agreement dated August 14, 2026 under which Star Equity Holdings, Inc. (Nasdaq: STRR, STRRP) will acquire all outstanding Harte Hanks shares, with holders electing $5.00 per share in cash or equivalent Star Equity preferred stock, subject to a 50% cap on aggregate cash consideration. Total consideration is estimated at approximately $19.2 million in cash plus roughly 1.92 million Star Equity preferred shares; Star Equity plans to fund the cash portion partly by drawing up to $15 million on Harte Hanks' existing revolver.
Key figures
- Revenue
- 37984000
- Total Debt
- 3000000
- Revenue Yoy
- -1.7% (Q2 2026); -6.2% (six months ended June 30, 2026)
- Total Assets
- 88059000
- Cash Position
- 5188000
- Deal Value Usd
- $19.2 million cash plus approximately 1.92 million Star Equity preferred shares; $5.00 per share cash election (50% cap on aggregate cash)
- Interest Rate
- 5.99
- Maturity Date
- June 30, 2028
- Shares Outstanding
- 7454240
- Expected close
- Q4 2026
- Sgna q2 change
- +58.6% YoY due to acquisition-related professional service and legal expenses
- Cash election cap
- 50% of aggregate consideration
- Six month revenue
- 75248000
- Segment q2 revenue
- ["Revenue Solutions $7.5M (-13.2% YoY)","Customer Care $12.9M (+8.5% YoY)","Fulfillment & Logistics Services $17.6M (-2.8% YoY)"]
- Q2 operating margin
- -11.8%
- Stockholders equity
- 15350000
- Credit facility size
- 25000000
- Credit facility availability
- 21000000
- Buyback authorization remaining
- 4100000
- Star equity planned revolver draw
- up to $15 million to fund cash consideration
Price after filing
Close on the filing date to close N calendar days later (from $4.30). Historical, not a forecast.
AI analysis
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