---
schema_version: "secwatch.filing_event.v1"
accession: "0000020212-23-000118"
form_type: "8-K"
ticker: "CHDN"
cik: "0000020212"
company_name: "Churchill Downs Inc"
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:49:28.386818+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Churchill Downs completes $250M cash acquisition of Exacta Systems

## Summary
- Total consideration $250M in cash, subject to working capital adjustments.
- Exacta is a leading HHR technology provider; CDI expects immediate operational synergies in Virginia.
- Exacta to operate within TwinSpires segment, serving third-party HHR operators in KY, WY, NH.
- Acquisition funded with cash on hand and existing credit facility.

## SEC filing metadata
- accession: 0000020212-23-000118
- form_type: 8-K
- ticker: CHDN
- cik: 0000020212
- company_name: Churchill Downs Inc
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20212/000002021223000118/0000020212-23-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20212/000002021223000118/chdn-20230822.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000020212-23-000118
- JSON: https://secwatch.observer/filing/0000020212-23-000118.json
- Plain text: https://secwatch.observer/filing/0000020212-23-000118.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.