DAKTRONICS INC /SD/ 8-K

What Happened Daktronics, Inc. announced in an 8-K that on December 22, 2025 (Central Time) it entered into a Business Transfer Agreement to acquire the display business of X Display Company Technology Limited (XDC). The closing transferred substantially all XDC assets related to the Display Business (intellectual property, equipment, contract rights, technical expertise and related personal property) to Daktronics; certain XDC employees were also hired. The transaction closed concurrently with XDC’s machine business being sold to X-Celeprint Limited.

Key Details

• Transaction date: Agreement entered and acquisition closed on December 22, 2025; press release issued December 23, 2025.
• Assets acquired: Substantially all display-related assets of XDC (IP, equipment, contract rights, technical know-how and related personal property).
• Consideration: Daktronics assumed certain XDC liabilities and cancelled a portion of principal and accrued interest owed to Daktronics under promissory notes (no purchase price disclosed).
• Prior relationship: XDC was a variable interest entity of Daktronics; as of November 1, 2025 Daktronics owned a 16.4% interest in XDC.

Why It Matters This acquisition brings additional display-related intellectual property, equipment and personnel into Daktronics, potentially strengthening its product and technical capabilities in displays. The company assumed some liabilities and reduced amounts owed under promissory notes rather than disclosing a cash purchase price, so investors should note the deal may affect Daktronics’ assets and liabilities on its balance sheet. Daktronics provided a press release about the transaction (attached as Exhibit 99.1 to the 8-K) but did not disclose financial terms.