M&A - REGIS CORP

Form Type: 10-Q

Filing Date: 2025-05-13

Corporate Action: Acquisition

Type: Update

Accession Number: 000071664325000021

Filing Summary: This document is an interim financial report for Regis Corporation for the quarter ending March 31, 2025, including detailed financial statements and an analysis of operations. The report highlights the completion of the acquisition of Alline Salon Group on December 19, 2024, which involved cash and stock considerations totaling approximately $22 million. The financial results reflect the integration of Alline, impacting revenues and expenses positively, with net income reported as $250,000 for Q1 2025 compared to a loss of $2.3 million for the same quarter in 2024. The company's total assets are $511.2 million, with liabilities of $442.6 million and shareholders' equity of $68.6 million. The report includes insights into operating segments, legal proceedings, and risk factors.

Form Type: 8-K/A

Filing Date: 2025-03-07

Corporate Action: Acquisition

Type: Update

Accession Number: 000071664325000014

Filing Summary: Regis Corporation acquired 100% of the equity interests of Super C Group, LLC, operating as Alline Salon Group, which is its largest franchisee with 314 salons. This amendment to Form 8-K provides additional financial information following the original report filed on December 19, 2024. It includes audited consolidated financial statements of Alline for the fiscal year ended December 31, 2023, unaudited interim consolidated financial statements for the nine months ended September 30, 2024, and unaudited pro forma financial information of Regis taking into account the Alline acquisition.

Form Type: 10-Q

Filing Date: 2025-02-12

Corporate Action: Acquisition

Type: Update

Accession Number: 000071664325000010

Filing Summary: Regis Corporation completed the acquisition of 100 percent ownership of Super C Group, LLC, doing business as Alline Salon Group, on December 19, 2024. The total cash consideration was approximately $19 million, with stock valued at $3 million and additional working capital adjustments and transaction-related fees. This acquisition is reflected in the financial results for the quarter ended December 31, 2024. The company also reports substantial changes in its financial performance, highlighting revenues from franchises and company-owned salons, operating income, and comprehensive income for the periods ended December 31, 2024, compared to the previous year. Regis Corporation effected a one-for-20 reverse stock split on November 29, 2023, retroactively adjusted share and per-share amounts. The net income for the quarter was reported at $7,645,000, contrasting with $997,000 from the previous year. Additionally, acquisition-related costs of $1.2 million were noted for general and administrative expenses tied to the Alline acquisition. The total assets of the company were reported at $530,111,000 as of December 31, 2024, with liabilities at $463,393,000. The company remains a smaller reporting entity and continues to take actions to enhance its financial position and shareholder value.