secwatch.observer — SEC 8-K summary
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Issuer:     Paragon 28, Inc. (—)
CIK:        0001531978
Form:       8-K
Filed at:   2025-04-21T23:59:59+00:00
Accession:  0000950157-25-000330
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paragon 28 acquired by Zimmer Biomet for $13.00/sh plus contingent value right
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- Shareholders received $13.00 cash per share and one CVR (up to $1.00) tied to 2026 net revenue threshold of $346M.
- Company became wholly owned by Zimmer; NYSE trading halted and delisting initiated via Form 25.
- Board of directors and executive officers (DaCosta, Chahine, etc.) ceased; new officers from Zimmer Biomet appointed.
- Loan agreements with Zions and Ares Capital terminated and fully repaid at closing.
- Tax gross-up agreements for DaCosta ($2.77M) and Chahine ($2.54M) under aggregate cap of $5.425M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1531978/000095015725000330/0000950157-25-000330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1531978/000095015725000330/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-25-000330

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