Business Context and Reporting Period
Company: Hennessy Advisors, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: April 26, 2023
Reporting Period: Single event date (April 26, 2023)
This filing reports a specific corporate event rather than a standard financial reporting period. The registrant is incorporated in California and trades on the NASDAQ Stock Market under the symbols HNNA (Common Stock) and HNNAZ (4.875% Notes due 2026).
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a Current Report (Form 8-K) designed to disclose specific material events and does not contain periodic financial statements or performance metrics.
Material Changes
Acquisition of Assets: On April 26, 2023, Hennessy Advisors, Inc. entered into an agreement with Community Capital Management, LLC. The agreement pertains to the acquisition of assets related to the management of two specific funds:
- CCM Core Impact Equity Fund
- CCM Small/Mid-Cap Impact Value Fund
A press release detailing this transaction is filed as Exhibit 99.1 and incorporated by reference.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items beyond the disclosed acquisition event. No forward-looking financial projections are included in this specific report.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific terms of the asset acquisition agreement with Community Capital Management, LLC.
- Verify the impact of the acquired assets (CCM Core Impact Equity Fund and CCM Small/Mid-Cap Impact Value Fund) on future Assets Under Management (AUM) and revenue streams.
- Confirm the closing date and any regulatory approvals required for the transaction.
- Check subsequent filings for integration updates or financial impact disclosures in the next quarterly report (10-Q).