LIQUIDITY SERVICES INC (LQDT) Form 8-K — Oct 1, 2026
Liquidity Services (LQDT) completed the acquisition of Auction Holdings, Inc. on October 1, 2026, for a base purchase price of $80 million in cash, funded entirely with cash on hand. Auction Holdings operates Invaluable, AuctionZip, and RFC Auction Systems, leading online marketplaces serving auction houses, collectors, and buyers in fine art, antiques, jewelry, and estate markets. Of the cash consideration, $9.4 million was deposited into escrow to support indemnification obligations and downward purchase-price adjustments, with releases tied to 12-month and three-year anniversaries of closing.
Key figures
- Deal Value Usd
- 80000000
- Escrow deposited
- $9.4 million into escrow accounts
- Target working capital
- -$1,226,000
- Indemnity escrow amount
- 6400000
- Artmyn liquidation reserve
- 1251000
- Ordinary course cash exclusion
- 826000
- Special indemnity escrow amount
- 3000000
- Securityholder representative holdback
- 350000
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