M&A - LINDBLAD EXPEDITIONS HOLDINGS, INC.

Form Type: 10-K

Filing Date: 2025-02-28

Corporate Action: Acquisition

Type: New

Accession Number: 000143774925005544

Filing Summary: Lindblad Expeditions Holdings, Inc., in its annual report filed on February 28, 2025, highlights an increase in goodwill due to the acquisition of Thomson Group in 2024. The report also discusses changes in the brand license agreement with National Geographic, effective January 1, 2024, which shifted sales bookings from a commission-based model to direct sales through the company's booking system, impacting ticket revenue figures positively for 2023. The document outlines the company's risks, including cybersecurity management and the reliance on third-party service providers, emphasizing risk assessment protocols and incident response strategies. It presents an annual financial overview, operational metrics, and the company's governance structure while incorporating forward-looking statements regarding future performance and potential risks associated with its operations. Overall, the filing offers a comprehensive update on the company's performance, strategic initiatives, and changing revenue channels related to its collaborative efforts with National Geographic.

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Form Type: 8-K

Filing Date: 2025-01-10

Corporate Action: Acquisition

Type: New

Accession Number: 000143774925000798

Filing Summary: On January 9, 2025, Lindblad Expeditions Holdings, Inc. completed the acquisition of 100% of the outstanding ownership interests of Torcatt Enterprises Limitada for a total consideration of $17 million. Torcatt Enterprises Limitada is a holding company that controls interests in two vessels, one with a capacity of 48 passengers and another with a capacity of 16 passengers, both operational in the Galapagos Islands. This acquisition enhances Lindblad's operations within its primary market.

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