Heritage Global shares rise 30.15% premarket after acquiring DebtX for $8.5M in cash to expand financial assets division.

Heritage Global Inc. surged 30.15% in premarket trading following the announcement of its $8.5 million cash acquisition of DebtX, a 20-year loan-sale advisory firm, through its subsidiary Heritage DebtX LLC. The deal, effective January 1, 2026, expands the company’s Financial Assets division by adding loan-portfolio advisory, valuation, and execution capabilities in the secondary loan market. CEO Ross Dove highlighted the acquisition’s potential to be accretive in 2026, with DebtX’s leadership retaining operational control, signaling strategic alignment and continuity. The transaction, representing nearly 18% of Heritage Global’s $47.6 million market capitalization, underscores a significant investment in high-margin services, positioning the firm to capitalize on growing demand for loan-portfolio management. The move aligns with the stock’s sharp premarket rally, reflecting investor optimism about enhanced market presence and future profitability.