QUINSTREET, INC 8-K

What Happened QuinStreet, Inc. announced it completed the acquisition of all issued and outstanding equity of SIREN GROUP AG d/b/a HomeBuddy on January 2, 2026. At closing QuinStreet paid $115.0 million in cash (subject to agreed adjustments) and agreed to pay an additional $75.0 million in post-closing payments in equal annual installments over four years. To help fund the acquisition, QuinStreet entered into a senior secured credit agreement providing a $150 million revolving credit facility that matures on January 2, 2031.

Key Details

• Acquisition closing date: January 2, 2026; Purchase Agreement dated November 30, 2025.
• Cash paid at closing: $115.0 million (subject to adjustments).
• Additional consideration: $75.0 million payable in equal annual installments over four years.
• Revolving Credit Facility: $150.0 million principal, stated maturity January 2, 2031.
• Interest: borrower choice of (a) SOFR-based rate (floor 0.00%) + margin up to 2.75% p.a. depending on leverage, or (b) base rate (floor 0.00%) + margin up to 1.75% p.a. depending on leverage.
• Fees: unused commitment fee up to 0.40% p.a., depending on leverage.
• Security and covenants: borrower's obligations secured by first-priority liens on substantially all assets of QuinStreet and certain subsidiaries (subject to exceptions); facility includes customary covenants and financial tests (limits on Consolidated Total Net Leverage Ratio and minimum Consolidated Interest Coverage Ratio) and restrictions on indebtedness, liens, dividends/distributions, asset sales, investments, certain affiliate transactions and other actions.

Why It Matters This filing confirms QuinStreet has completed a material acquisition and put in place a committed credit facility to finance the transaction and support working capital. The deal and new $150M revolver will affect QuinStreet’s liquidity and capital structure: the company now has additional debt capacity but also new secured obligations and financial covenants that may limit distributions, additional borrowings and certain corporate actions. Retail investors should note the cash and deferred payment structure ($115M upfront + $75M over four years) and the interest/covenant terms of the credit agreement when assessing near-term cash flow needs and balance sheet leverage.