Harte Hanks to Be Acquired by Star Equity for $5.00/Share in Cash or Preferred Stock

summarizeSummary

Harte Hanks agreed to be acquired by Star Equity Holdings for $5.00 per share in cash or preferred stock, a deal valued at approximately $38.4 million, expected to close in Q4 2026.

check_boxKey Events · M&A and Partnerships · HHS

• Definitive Merger Agreement Signed

  A merger agreement with Star Equity Holdings was signed on August 14, 2026. Each share of Harte Hanks common stock will be converted into the right to receive either $5.00 in cash or 0.50 shares of Star Equity preferred stock, subject to a 50% cap on aggregate cash consideration.

• Total Consideration Valued at ~$38.4M

  The parties estimate total consideration of approximately 1.92 million shares of Star Equity preferred stock and $19.2 million in cash. At the implied $10.00 per preferred share value, the total deal value is approximately $38.4 million.

• Financing Structure

  Star Equity intends to finance the cash component partly by drawing up to $15 million on its existing revolving credit facility, with the balance from cash on hand.

• Closing Expected in Q4 2026

  The transaction is subject to Harte Hanks stockholder approval and other customary conditions. Closing is expected in the fourth quarter of 2026.

auto_awesomeAnalysis · HHS · Trade & Services

A definitive merger agreement with Star Equity Holdings was signed on August 14, 2026, setting the stage for a transformative liquidity event. Shareholders will receive either $5.00 per share in cash or 0.50 shares of Star Equity preferred stock, subject to a 50% cap on aggregate cash consideration. The total deal value is approximately $38.4 million (1.92 million preferred shares at $10.00 implied value plus $19.2 million cash). The transaction is expected to close in Q4 2026, pending stockholder approval and other conditions. This provides liquidity to shareholders at a premium to the current stock price of $4.22.