AI filing briefs · archive

8-K filings in December 2015, explained

1 material Form 8-K filing that 1 company we cover made with the SEC in December 2015, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them was written later, when past filings were added: a selection, not every 8-K of the month (see the note below).

1 brief

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RCONRecon Technology, Ltd Dec 7, 5:27 PM ET

Recon Technology agrees to buy oilfield service firm QHHY for $6.0 million

Neutral m&a Written later 1.01 8.01

Recon Technology, Ltd. signed a share purchase agreement dated December 1, 2015 to acquire Qinghai Hua You Downhole Technology Co., Ltd. (QHHY), an oilfield service provider in Qinghai province, China. The deal is subject to Recon shareholder approval, which the company expects to obtain around February 2016, and the cash payment depends on QHHY meeting net profit targets for fiscal 2016 and 2017.

Consideration is $3.6 million in Recon ordinary shares plus cash; the press release gives $2.4 million in cash and a $6.0 million total, while the 8-K states up to $4.8 million in cash
Shares will be issued at 120% of the weighted average closing price over the 20 trading days before December 1, 2015, with a 12-month lock-up
Cash payments depend on QHHY's net profit growth of 15% for fiscal 2016 and 2017, based on audits reviewed in September 2016 and September 2017
QHHY was partly owned by director Chen Guangqiang, who sold his interest on January 17, 2015 but remains a management employee of QHHY

Read the filing on SEC.gov ↗

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.

Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.