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AI brief of an SEC Form 8-K · HF Foods Group Inc. (HFFG)

HF Foods completes Searay Foods acquisition for about US$35 million

Neutral Impact 3 of 5 m&a Written later

HF Foods Group closed its acquisition of Canadian frozen seafood distributor Searay Foods and Morgan Foods on August 31, 2026, paying a base price of CAD$47.9 million (about US$35.0 million). The company issued 1,701,871 shares and borrowed under its credit facilities, and the sellers can earn additional payments tied to future EBITDA targets. The filing says the deal marks HF Foods' first international expansion, but it does not give Searay's revenue or profit in US dollars.

Key points

  • Base purchase price of CAD$47.9 million (about US$35.0 million), equal to five times baseline Adjusted EBITDA of CAD$9.6 million, paid as CAD$38.4 million in cash and 1,701,871 shares at US$4.00 per share
  • Closing completed August 31, 2026; the amendment subordinates earnout payments to the buyers' credit facilities and adds simple interest at SOFR plus 2% on deferred earnouts
  • Lenders under the JPMorgan-led Credit Agreement consented to Searay Canada and Morgan Foods joining as borrowers within five business days after closing
  • Company says the deal is expected to be immediately accretive to margins and EPS, a forward-looking statement; financial statements and pro forma information will be filed by amendment

The filing

CompanyHF Foods Group Inc. (HFFG)
Form8-K, current report
Filed with the SECSep 3, 2026, 8:46 AM ET
Accession number0001213900-26-096950

Items reported: 2.01 Acquisition or Disposition Completed2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 03, 2026.

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.