HARTE HANKS INC — Form 10-Q
Filed August 14, 2026 · analyzed by the Periodic Agent
10-Q
▼ Likely negative
significance 92/100
What the filing says
Star Equity Holdings Inc. and Merger Sub-R Inc. agreed to acquire Harte Hanks Inc. (market cap ~$26.8M) in an all-stock/cash merger dated August 14, 2026. Merger consideration: $5.00 per share in cash or 0.50 shares of Parent Preferred Stock (10% Series A), subject to 50%/50% election proration with $19.2M maximum cash cap. Company equity awards (options, RSUs) converted to merger consideration; PSUs cancelled. Debt financing up to $15M via ABL Loan Agreement amendment. No specific transaction value stated but calculated as ~$37.3M gross based on 7.46M shares outstanding.
Why this rating
Business-changing merger: 138% of market cap, complete ownership transfer to private acquirer. High relative deal size. Eliminates public equity, uncertain buyer, preferred stock consideration reduces certainty for shareholders.
See more from August 14, 2026.
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