secwatch.observer — SEC 8-K summary
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Issuer:     UPBOUND GROUP, INC. (UPBD)
CIK:        0000933036
Form:       8-K/A
Filed at:   2025-04-18T23:59:59+00:00
Accession:  0000933036-25-000072
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upbound files audited 2023 financials of acquired Brigit; revenue $106.2M, net loss $5.3M
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- Brigit had total operating revenues of $106.2M in FY2023, with a net loss of $5.3M.
- Total assets $68.1M, total liabilities $63.6M, stockholders' equity $4.5M at Dec 31, 2023.
- Customer cash advances net of allowances $34.0M; credit facility $37.8M, convertible debt $9.4M.
- Auditors noted substantial doubt about going concern; alleviated by Major Investor support agreement.
- Pro forma combined financials also filed for the combined entity as of Sep 30, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933036/000093303625000072/0000933036-25-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933036/000093303625000072/rcii-20250131.htm
  HTML page:      https://secwatch.observer/filing/0000933036-25-000072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer