Quarterly report pursuant to Section 13 or 15(d)

Note 14 - Subsequent Events

Note 14 - Subsequent Events
9 Months Ended
Jun. 30, 2022
Notes to Financial Statements  
Subsequent Events [Text Block]

Note 14. Subsequent Events


On July 26, 2022, the Company completed the acquisition of Nestor Cables Oy (“Nestor”), a leading developer and manufacturer of fiber optic cable solutions located in Finland, upon the terms and conditions contained in a Share Sale and Purchase Agreement entered into on May 17, 2022. The total purchase price and the acquisition date fair value of the consideration transferred for the shares totaled €7.9 million in addition to €7.6 million related to the repayment of certain of Nestor’s debt. The purchase price was funded from a draw of $16.7 million under the Company’s revolving line of credit. The Company is in the process of finalizing the purchase accounting under ASC 805- Business Combinations.