Assertion Supported AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Hawk: iGo's valuation crashed below $100 million before its acquisition

Kenny Hawk · EP 323: He took his company public for $1b · Jun 12, 2016 · at 5:54

Kenny Hawk reflects on iGo's drop in market value from its dot-com peak to its eventual acquisition.

0:00 / 0:02exact quote · 2.1s

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“We were below a hundred million by the time we got acquired.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

iGo's valuation was below $100 million when it was acquired.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

SEC filings and transaction records confirm that when Kenneth W. Hawk's company, iGo Corporation (originally founded as 1-800-Batteries), was acquired by Mobility Electronics, Inc. in September 2002, the total transaction value was well below $100 million. Mobility Electronics paid $5.1 million in cash plus 2.6 million shares of common stock (with contingent consideration of up to $1.0 million in cash and 500,000 shares), putting the acquisition valuation well under $20 million. Furthermore, when the combined entity (which rebranded as iGo, Inc. in 2008) was later acquired by Steel Excel in 2022, its equity valuation remained under $30 million.

SEC Schedule 13D and related merger filings from 2002 show Mobility Electronics acquired iGo Corporation for $5.1 million in cash and 2.6 million common shares, valuing the deal well below $20 million.
Merger closing records (SEC Release No. LR-19156) confirm the acquisition concluded on September 4, 2002.
Subsequent buyout records from Steel Excel in 2013 and 2022 consistently valued the rebranded iGo, Inc. equity under $30 million.

Checked against

[1] sec.gov [2] sec.gov [3] crn.com [4] lawinsider.com [5] boardroomalpha.com [6] sec.gov [7] canada.ca [8] globenewswire.com

"Mobility Electronics" "September 4, 2002" "iGo" "Mobility Electronics" 10-K "iGo" acquisition "2002" "purchase price" iGo Inc acquired Mobility Electronics acquisition price SEC "Mobility Electronics" acquired "iGo" 2002 iGo Inc acquisition Steel Excel OR buyout price

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

iGo

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Hawk: iGo's valuation crashed below $100 million before its acquisition

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