{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-26-010155","form_type":"8-K","ticker":"AA","cik":"0001675149","company_name":"Alcoa Corp","filed_at":"2026-07-02T20:17:43+00:00","discovered_at":"2026-07-02T20:19:00.259131+00:00","generated_at":"2026-07-02T20:19:11.747735+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Alcoa to acquire South32's bauxite, alumina, and aluminum assets for $3.1B cash plus stock","bullets":["Total upfront consideration: $3.1B cash + ~17M Alcoa shares (valued ~$1B, ~6% ownership post-issuance).","Up to $750M contingent consideration based on average alumina and aluminum prices over four annual periods.","Transaction expected to close in H1 2027, subject to South32 shareholder approval and regulatory approvals.","Alcoa secured a $3.1B bridge loan commitment from Goldman Sachs to fund cash portion if permanent financing not obtained.","Break fees: South32 pays $41M or $82M to Alcoa in certain termination scenarios; Alcoa pays $82M to South32 in others."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-26-010155","json":"https://secwatch.observer/filing/0000950103-26-010155.json","markdown":"https://secwatch.observer/filing/0000950103-26-010155.md","text":"https://secwatch.observer/filing/0000950103-26-010155.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1675149/000095010326010155/0000950103-26-010155-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1675149/000095010326010155/dp249367_8k-mc.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-02T20:19:11.747735+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"}