Proficient Auto Logistics, Inc (PAL) Form 8-K — Aug 10, 2026
Proficient Auto Logistics has signed a definitive agreement to acquire Hansen & Adkins Auto Transport for an upfront purchase price of approximately $130 million, including roughly $75 million of assumed debt, with about $3 million paid in stock and $52 million in cash, plus potential earnout payments of up to $22.1 million tied to near-term EBITDA targets.
Key figures
- Revenue
- 109400000
- Total Debt
- 70400000
- Debt Amount
- 75000000
- Total Assets
- 460503397
- Cash Position
- 8130738
- Deal Value Usd
- 130000000
- Maturity Date
- August 15, 2033
- Shares Outstanding
- 28052923
- Net Debt
- 62300000
- Adjusted Ebitda Q2
- 7654000
- Net Leverage Ratio
- 2.1x
- Units Delivered Q2
- 580962
- Cash Consideration
- 52000000
- Shares Repurchased
- 82877
- Ttm Adjusted Ebitda
- 30297000
- Units Delivered Yoy
- -8.0%
- Max Earnout Payments
- 22100000
- Stock Consideration
- 3000000
- Notes Settlement Date
- 2026-08-13
- Earnout Payable In Stock
- 2000000
- Average Repurchase Price
- 6.25
- Adjusted Operating Ratio Q2
- 99.5%
- Assumed Debt In Acquisition
- 75000000
- Adjusted Ebitda Prior Year Q2
- 11279000
- Adjusted Operating Income Q2
- 526000
- Q4 2025 Goodwill Impairment
- 27800000
- Q3 2025 Restructuring Charge
- 1200000
- Share Repurchase Authorization
- 15000000
- Redemption Conversion Threshold
- 130% of conversion price
- Adjusted Operating Ratio Prior Year Q2
- 96.7%
- Adjusted Operating Income Prior Year Q2
- 3801000
Price after filing
1 day: 0.0%7 days: -19.8%30 days: -28.3%
Close on the filing date to close N calendar days later (from $7.34). Historical, not a forecast.
AI analysis
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