Short answer
Byrna Technologies Inc. (BYRN) filed an 8-K current report with the SEC on August 10, 2026 reporting Item 2.01 (Completion of Acquisition or Disposition of Assets), Item 3.02 (Unregistered Sales of Equity Securities). Byrna completed Hero Defense Systems asset acquisition on August 6, 2026, expanding its less-lethal defense product portfolio.
Byrna Technologies Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.01 · Completion of Acquisition or Disposition of Assets
- Byrna completed Hero Defense Systems asset acquisition on August 6, 2026, expanding its less-lethal defense product portfolio
- Consideration included $625,000 cash, with $125,000 escrowed for up to 18 months against indemnification claims
- Hero sellers received 104,000 restricted Byrna shares, subject to a six-month lock-up and trading restrictions
- Ongoing seller economics include 3.5% royalties on specified product sales, with $250,000 minimum and $5,000,000 maximum
- Royalty obligation ends upon the earlier of $5,000,000 paid or the fifth anniversary of closing
Item 3.02 · Unregistered Sales of Equity Securities
- Disclosure concerns Byrna’s acquisition of Hero and related purchase-agreement transactions
- Consulting arrangements with Hero’s two principals and restrictive covenants became effective at closing
- No material preexisting relationship between Byrna affiliates and Hero or its members
- Full transaction terms referenced in Exhibit 2.1 filed July 8, 2026
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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