secwatch.observer — SEC 8-K summary
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Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2023-06-21T23:59:59+00:00
Accession:  0000950142-23-001759
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Garrett Motion completes Series A Preferred conversion; pays $25.3M cash and 18.3M shares
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- Final conversion of all Series A Preferred Stock to Common Stock completed on June 20, 2023.
- Aggregate additional payment: $25,315,149 in cash and 18,301,481 shares of Common Stock.
- On June 5, 2023, repurchased ~$570M of Series A Preferred from Centerbridge and Oaktree; paid $10.1M cash and 7.3M shares.
- Common shares outstanding post-transactions: approximately 265,574,498.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000095014223001759/0000950142-23-001759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000095014223001759/eh230370907_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-001759

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