{"schema_version":"secwatch.filing_event.v1","accession":"0000924805-23-000031","form_type":"8-K","ticker":"FRHC","cik":"0000924805","company_name":"Freedom Holding Corp.","filed_at":"2023-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.613337+00:00","generated_at":"2026-06-18T13:58:50.780671+00:00","sec_items":["2.01","8.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Freedom Holding completes sale of Russian subsidiaries for $140M; exits Russia","bullets":["Sale of 100% of Russian subsidiaries (IC Freedom Finance LLC and Bank Freedom Finance LLC) to Maxim Povalishin for ~$140M.","Consideration: cash of $51.5M and assignment of liability of ~$88.5M, based on closing date exchange rates.","Central Bank of Russia approved on Feb 10, 2023; transaction closed Feb 27, 2023.","Acquired companies rebranded as 'Tsifra'; Freedom Holding has completely exited Russia.","Press release amended to correct amounts from signing date to closing date exchange rates."],"urls":{"canonical":"https://secwatch.observer/filing/0000924805-23-000031","json":"https://secwatch.observer/filing/0000924805-23-000031.json","markdown":"https://secwatch.observer/filing/0000924805-23-000031.md","text":"https://secwatch.observer/filing/0000924805-23-000031.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/924805/000092480523000031/0000924805-23-000031-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/924805/000092480523000031/frhc-20230227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T13:58:50.780671+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":[{"claim_id":"7721fc953f43556189e1caa2c504372c2e8d02ea","claim":"Freedom Holding Corp. completed a disposition involving Maxim Povalishin for US$140 million (closed 2023-02-27).","evidence_excerpt":"Maxim Povalishin, the purchaser, was the Deputy General Director and a member of the Board of Directors of Freedom RU. The purchase price for the Russian Subsidiaries was US$140 million, comprised of the assignment to the purchaser of a liability of the Company to Freedom RU in the amount of approximately US$88.5 million and cash in an amount of US$51.5 million.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/924805/000092480523000031/0000924805-23-000031-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Maxim Povalishin"},{"label":"Consideration","value":"US$140 million"},{"label":"Closing","value":"2023-02-27"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}