---
schema_version: "secwatch.filing_event.v1"
accession: "0000874501-24-000164"
form_type: "8-K"
ticker: "OSG"
cik: "0000874501"
company_name: "OCTAVE SPECIALTY GROUP INC"
filed_at: "2024-08-02T23:59:59+00:00"
generated_at: "2026-05-31T13:33:59.384198+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ambac closes acquisition of 60% of Beat Capital for $277.9M

## Summary
- Total consideration ~$277.9M: $248.6M cash plus 2,216,023 shares of AMBC common stock.
- Beat's FY2023 continuing ops turnover £46.2M, profit before tax £14.5M (UK GAAP).
- Beat net assets at Dec 31, 2023: £21.1M; paid £8M dividends in FY2023.
- Beat launched two new businesses in 2024: credit insurance and accident & health insurance.

## SEC filing metadata
- accession: 0000874501-24-000164
- form_type: 8-K
- ticker: OSG
- cik: 0000874501
- company_name: OCTAVE SPECIALTY GROUP INC
- filed_at: 2024-08-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874501/000087450124000164/0000874501-24-000164-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874501/000087450124000164/ambc-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000874501-24-000164
- JSON: https://secwatch.observer/filing/0000874501-24-000164.json
- Plain text: https://secwatch.observer/filing/0000874501-24-000164.txt

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