{"schema_version":"secwatch.filing_event.v1","accession":"0000874501-24-000166","form_type":"8-K","ticker":"OSG","cik":"0000874501","company_name":"OCTAVE SPECIALTY GROUP INC","filed_at":"2024-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.106413+00:00","generated_at":"2026-05-31T13:33:55.540923+00:00","sec_items":["1.01","2.01","2.03","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Ambac completes $278M acquisition of 60% stake in Beat Capital Partners; P&C platform doubles","bullets":["Total consideration of ~$277.9M: $248.6M cash plus 2,216,023 shares of AMBC common stock.","Deal doubles P&C operation; expected to produce ~$1.4B annualized premiums for 2024.","Beat's London-based MGA incubation platform adds 16 MGAs to Cirrata Group; existing management continues under Chairman John Cavanagh.","Financed via $150M term loan facility (matures July 31, 2025) with SOFR+4.5% margin, stepping up to 7.5% by May 2025.","Rollover shareholders (Bain Capital and management) receive put/call options starting March 2026 for up to 25% of shares annually."],"urls":{"canonical":"https://secwatch.observer/filing/0000874501-24-000166","json":"https://secwatch.observer/filing/0000874501-24-000166.json","markdown":"https://secwatch.observer/filing/0000874501-24-000166.md","text":"https://secwatch.observer/filing/0000874501-24-000166.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874501/000087450124000166/0000874501-24-000166-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874501/000087450124000166/ambc-20240801.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T13:33:55.540923+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"}