Company: ASTE
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000792987-25-000029
Chunk: 35

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 3
Chunk 35
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 prevent it from occurring at all. Furthermore, we expect to incur significant indebtedness in connection with the acquisition of TerraSource, which could have a material adverse effect on our financial position.

The success of the acquisition will depend, in part, on our ability to successfully combine and integrate the acquired business and realize the anticipated benefits, including synergies, cost savings, innovation opportunities and operational efficiencies from the acquisition. If we are unable to achieve these objectives within the anticipated time frame, or at all, the anticipated benefits may not be realized fully or at all, or may take longer to realize than expected, and the value of our common stock may decline.

The integration of the acquired business may result in material challenges, including, without limitation:

•We and TerraSource must obtain certain regulatory approvals and clearances to complete the acquisition, which, if delayed, not granted or granted with unacceptable conditions, could prevent, substantially delay or impair completion of the acquisition, result in additional expenditures of money and resources or reduce the anticipated benefits of the acquisition;

•the acquisition, including uncertainty regarding the acquisition, may cause customers, suppliers or strategic partners to delay or defer decisions concerning us and TerraSource, and may adversely affect each company’s ability to effectively manage its respective businesses;

•failure to motivate and retain key personnel could diminish the anticipated benefits of the acquisition;

•the possibility of significant costs involved in connection with completing the acquisition, including costs to achieve expected synergies;

•coordinating geographically overlapping organizations;

•unanticipated issues in integrating information technology, communications and other systems; and

•unforeseen expenses or delays associated with the acquisition.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.