Star Equity Holdings, Inc. (STRR) Form 8-K — Oct 28, 2026
Star Equity Holdings closed the acquisition of PD Machine, LLC, a Vernal, Utah machine shop providing welding, repair, and machining services for drilling equipment, via merger into its subsidiary Alliance Machine Solutions on October 23, 2026. Consideration at the initial closing was $350,000 cash plus 75,000 shares of 10% Series A Cumulative Perpetual Preferred Stock, with $50,000 and 5,000 shares held in escrow. A separate real estate closing for the facility, fixed at $500,000 ($150,000 cash plus 35,000 preferred shares), may occur by February 28, 2027 or be foregone by the Company.
Key figures
- Deal Value Usd
- 500000
- Escrow cash
- $50,000
- Escrow shares
- 5,000 Series A Preferred shares
- Real estate cash
- $150,000
- Real estate stock
- 35,000 Series A Preferred shares
- Common shares issued
- 5455577
- Common shares outstanding
- 3727355
- Initial cash consideration
- $350,000
- Initial stock consideration
- 75,000 shares of 10% Series A Cumulative Perpetual Preferred Stock
- Shares outstanding series a
- 2457226
- Series a liquidation preference per share
- 10
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