ACCESS Newswire·Sep 15, 2026, 9:15 AM ET

Harte Hanks Announces Expiration of "Go-Shop Period" and Designation of "Exempted Parties"

Harte Hanks, Inc. announced the expiration of the "Go-Shop Period" under its August 14, 2026 merger agreement with Star Equity Holdings, Inc.
The company received Acquisition Proposals from third parties during the Go-Shop Period, during which advisors solicited interest from 93 entities.
Harte Hanks delivered an Exempted Party designation notice to Star on September 11, 2026, regarding the received proposals.
The Board of Directors has not determined that any proposal constitutes a Superior Proposal & has not changed its recommendation to support the Star merger.
Harte Hanks stockholders may elect to receive $5.00 in cash or 0.50 shares of Star's 10% Series A Cumulative Perpetual Preferred Stock per share, with aggregate cash capped at $19.2 million.
If Harte Hanks terminates the Star Merger Agreement to pursue a Superior Proposal after the Go-Shop Period, a termination fee of $1,152,000 must be paid to Star.
The company remains subject to the Star Merger Agreement & intends to work toward consummating the transaction unless an alternative agreement is reached.
Harte Hanks has appointed Citizens Capital Markets & Advisory as lead financial advisor, Oaklins DeSilva + Phillips as financial advisor, & Baker Botts L.L.P. as legal advisor.
Star intends to file a Form S-4 registration statement to register shares of its preferred stock for issuance to Harte Hanks stockholders.