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| RADS > SEC Filings for RADS > Form 8-K on 23-Jan-2004 | All Recent SEC Filings |
23-Jan-2004
Acquisition or Disposition of Assets and Financial Statements & Exhibits
On January 14, 2004, Radiant Systems, Inc. ("Radiant" or the "Company") announced that on January 13, 2004 it completed the acquisition of substantially all of the assets of Aloha Technologies, a leading provider of point-of-sale systems for the hospitality industry, and certain affiliated entities of Aloha (collectively, "Aloha"). Under the terms of the purchase agreement, as amended, the purchase price consisted of $11 million in cash, a five-year note in the principal amount of $19 million (subject to a post-closing adjustment) bearing interest at the prime rate as published in The Wall Street Journal plus one percentage point, a one-year note in the principal amount of $1.7 million bearing interest at the same rate, 2,353,846 shares of restricted Radiant common stock and the assumption of Aloha's accounts payable, contractual obligations and certain other liabilities.
The Asset Purchase Agreement, as amended and a copy of the press release issued by the Company are filed herewith and are incorporated herein by reference.
(a) Financial Statements of Business Acquired: At the present time, it is impractical to provide the required financial statements for Aloha as required by this Item 7 of Form 8-K. The Company will file the required financial statements under cover of Form 8-K/A as soon as practicable, but no later than March 28, 2004 (60 days after this Report is required to be filed).
(b) Pro Forma Financial Information: At the present time, it is impractical to provide the pro forma information relative to the acquisition of Aloha as required by Article 11 of Regulation S–X and this Item 7 of Form 8-K. The Company will file such required financial statements under cover of Form 8-K/A as soon as practicable, but not later than March 28, 2004 (60 days after this Report is required to be filed).
(c) Exhibits. The following exhibits are filed with this Report:
Exhibit
Number Exhibit Name
------- ------------------------------------------------------------------------
2.1 Asset Purchase Agreement, dated December 15, 2003, by and among Radiant
Systems, Inc., Aloha Technologies, Ltd. et al. (incorporated by
reference to the Company's Current Report on Form 8-K dated December 15,
2003)
2.1.1 Amendment No. 1 to Asset Purchase Agreement, dated January 13, 2004
10.1 Registration Rights Agreement, dated January 13, 2004
99.1 Press Release of Radiant Systems, Inc. (January 14, 2004)
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