DYNATRONICS CORPORATION (NASDAQ:DYNT) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets.
“Company”), filed a Current Report on Form 8-K (the “Original
Form 8-K”) with the Securities and Exchange Commission to report
that on April 3, 2017, the Company and its wholly-owned
subsidiary Hausmann Enterprises, LLC, a Utah limited
liability company, completed the purchase of substantially all
the assets of Hausmann Industries, Inc., a New Jersey corporation
(“HII”), to an asset purchase agreement dated March 21, 2017,
by and between the Company and HII. The transaction is referred
to herein as the “HII Acquisition.”
include the required pro forma financial information with respect
to the HII Acquisition under Item 9.01(b) and (d) of Form 8-K.
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Item 9.01 Financial Statements and Exhibits.
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Forma Condensed Combined Financial Statements reflecting the
effects of the HII Acquisition. The Unaudited Pro Forma Condensed
Combined Statements of Operations for the six months ended
December 31, 2016, and for the year ended June 30, 2016, combine
the historical consolidated statements of operations of the
Company and HII for those periods, giving effect to the HII
Acquisition as if it had been consummated on July 1, 2015, the
beginning of the full year period presented. The Unaudited Pro
Forma Condensed Combined Balance Sheet combines the consolidated
balance sheets of the Company and HII, giving effect to the HII
Acquisition as if it had been consummated on December 31, 2016.
The Company and HII have year ends that differ by more than 93
days. Therefore, the statement of operations of HII will be
reclassified to conform to the year ended June 30, 2016.
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(d)
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Exhibits
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Number
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Description
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99.1
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Unaudited Pro Forma Condensed Combined
Financial Statements reflecting the effects of the HII Acquisition |
About DYNATRONICS CORPORATION (NASDAQ:DYNT)
Dynatronics Corporation is a manufacturer and distributor of physical medicine products. The Company’s products include a line of medical equipment for physical medicine applications, including therapy devices, medical supplies and soft goods, treatment tables and rehabilitation equipment. Its products are used by physical therapists, chiropractors, sports medicine practitioners, podiatrists, physicians and other physical medicine professionals. Its physical medicine products include therapeutic modalities, such as Dynatron Solaris, including electrotherapy and thermal therapy, and 25 Series, including electrotherapy and ultrasound; manufactured capital products, including traction systems and wood furniture; manufactured supplies, including cold packs, straps, wedges, bolsters and mats; distributed capital products, including hydrotherapy, weight training equipment and pilates, and distributed supplies, including clinical accessories, sports med and taping products, lotions and gels. DYNATRONICS CORPORATION (NASDAQ:DYNT) Recent Trading Information
DYNATRONICS CORPORATION (NASDAQ:DYNT) closed its last trading session up +0.01 at 2.86 with 2,692 shares trading hands.
