RICK - Mergers and acquisitions

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) today announced the acquisition of all the shares of RCI stock owned by ADW Capital Partners, L.P. The 821,000 shares were acquired for $30.0 million or $36.54 each for $8.0 million in cash and $22.0 million in two-year seller financing at 12%. The transaction closed today. The Company said the transaction: Reduces its share count by about 9.5% to approximately 7,850,000 shares outstanding, Expedites its Back to Basics 5-Year Capital Allocation Plan to reduce shares to 7.5 million by fiscal year 2030, and Is accretive from day one to free cash flow per share based on static free cash flow for the trailing 12 months. Eric Langan, P

HOUSTON, Dec. 21, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (NASDAQ:RICK) announced the acquisition of a food hall with a full service bar, brewery, and videogame arcade, as well as the associated real estate, in Greenwood Village, CO as part of RCI's expansion in the greater Denver area. RICK) announced acquisition of a food hall with a full service bar, brewery, and videogame arcade as part of its expansion in the greater Denver area." alt="RCI Hospitality Holdings, Inc. (NASDAQ:RICK) announced acquisition of a food hall with a full service bar, brewery, and videogame arcade as part of its expansion in the greate

HOUSTON, Dec. 19, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (NASDAQ:RICK) today announced the acquisition of an adult nightclub's assets in Fort Worth, TX, for $2.4 million in cash. The acquisition of the 2.6 acre property at 4920-5000 Mark IV Parkway includes all necessary licenses, an 8,800 square foot club, and a 7,400 square foot building leased to an existing tenant. Eric Langan, RCI President & CEO, said: "Similar to what we did in Odessa, Texas, the location will be remodeled and reopened as a PT's Showclub this summer." Dean Reardon, Vice President of Operati