{"schema_version":"secwatch.filing_event.v1","accession":"0000874501-24-000131","form_type":"8-K","ticker":"OSG","cik":"0000874501","company_name":"OCTAVE SPECIALTY GROUP INC","filed_at":"2024-06-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.237787+00:00","generated_at":"2026-06-01T06:24:45.316148+00:00","sec_items":["1.01","2.03","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Ambac to sell AAC to Oaktree for $420M cash; acquire 60% of Beat Capital for ~£222M","bullets":["Sells Ambac Assurance (AAC) to Oaktree for $420M cash; Oaktree gets warrant for 9.9% of AMBC shares at $18.50.","Acquires ~60% of Beat Capital Partners for £221.6M plus £22.5K/day from Dec 31, 2023 to close; up to $40M paid in stock.","Beat management and Bain Capital each retain ~20% post-closing; Ambac enters shareholder agreement with put/call options from 2026.","Beat purchase funded via available cash, AAC proceeds (repaid at AAC close), and a $150M senior secured bridge loan from UBS.","AAC sale requires shareholder vote; both deals subject to regulatory approvals with end date of April 4, 2025 for AAC sale."],"urls":{"canonical":"https://secwatch.observer/filing/0000874501-24-000131","json":"https://secwatch.observer/filing/0000874501-24-000131.json","markdown":"https://secwatch.observer/filing/0000874501-24-000131.md","text":"https://secwatch.observer/filing/0000874501-24-000131.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874501/000087450124000131/0000874501-24-000131-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874501/000087450124000131/ambc-20240604.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T06:24:45.316148+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}