HF Foods Group Inc. completed the acquisition of Searay Foods Inc. and Morgan Foods Inc. on August 31, 2026, for an aggregate base purchase price of CAD$47,921,740 (approximately USD$35 million). The consideration consisted of CAD$38,365,392 in cash and the issuance of 1,701,871 shares of HF Foods common stock priced at USD$4.00 per share. The transaction includes contingent earnout payments based on EBITDA targets over a two- to three-year period. This acquisition marks HF Foods' first international expansion into Canada, adding specialty frozen seafood distribution capabilities. HF Foods Group Inc. is a leading distributor of international foodservice solutions to Asian restaurants and other businesses across the United States and Canada.

HF Foods Group Inc. reported financial results for the second quarter ended June 30, 2026. Net revenue increased 2.8% year-over-year to $323.8 million, driven by volume growth and pricing improvements in Seafood and Commodity segments. GAAP net income rose 413.9% to $2.6 million, while adjusted net income grew 0.8% to $6.4 million. Adjusted EBITDA decreased 2.0% to $13.6 million due to incremental tariffs partially offset by IEEPA tariff refunds and employee retention credits. The company also announced an agreement to acquire Searay Foods, a Canadian importer of ethnic seafood, marking its first expansion outside the United States. HF Foods Group Inc. is a leading distributor of international foodservice solutions to Asian restaurants and other businesses across the United States.

On July 29, 2026, HF Foods Group Inc. entered into the Seventh Amendment to its credit agreement with JPMorgan Chase Bank and other lenders. The amendment increases the asset-based revolving facility commitments from $125 million to $140 million and refinances existing term loans while funding an additional advance of approximately $40.1 million, resulting in total term loan principal of $125 million. Wells Fargo Bank ceased as a lender. The revolving facility matures on July 29, 2031, and term loans mature on July 29, 2036. The transaction facilitates the company's planned acquisition of Searay Foods Inc., which must close within 120 days or trigger a $6.8 million prepayment requirement. HF Foods Group Inc. operates in the food manufacturing industry, specializing in the production and distribution of frozen foods.

HF Foods Group Inc. entered into a definitive agreement to acquire Searay Foods Inc. and its related entities for an aggregate base purchase price of CAD$47,921,740, representing approximately 5.0x Searay's 2025 Adjusted EBITDA. The consideration will be paid through a combination of CAD$38,365,392 in cash and 1,701,871 shares of common stock to be held in escrow, with additional contingent earnout payments based on EBITDA targets. The transaction is expected to close by August 31, 2026. HF Foods Group Inc. is a distributor of international foodservice solutions to Asian restaurants and businesses across the United States.

HF Foods Group Inc. expanded its Board of Directors from four to five members by appointing Taylor Brown as a new independent director, effective June 19, 2026. Mr. Brown is an attorney and strategic communications executive with over 12 years of experience in acquisitions, commercial disputes, and stakeholder strategy. HF Foods Group Inc. is a food distribution company.

HF Foods Group Inc. adopted a Preferred Stock Rights Agreement on June 11, 2026, to protect against unsolicited takeover efforts and unreported stockholder group formation. The agreement distributes one Right per share of common stock to holders of record as of June 22, 2026, which allows holders to purchase Series AA Participating Preferred Stock at $9.55 per share. The plan includes a 'flip-in' trigger if an acquiring person reaches 15% ownership and a 'flip-over' trigger for certain mergers. The company operates in the food industry and provides food products.