secwatch.observer — SEC 8-K summary
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Issuer:     Gogo Inc. (GOGO)
CIK:        0001537054
Form:       8-K
Filed at:   2024-09-24T23:59:59+00:00
Accession:  0000950170-24-109063
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gogo Inc. commits $52.5 million minimum to Eutelsat OneWeb in amended distribution agreement
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- Gogo guaranteed $52.5 million total minimum commitment over four years under amended OneWeb agreement.
- Amendment replaces prior addendum and includes take-or-pay obligations with quarterly payments.
- Gogo retains discretion to create customer service plans while paying OneWeb under Bespoke Service Plan terms.
- Gogo must provide monthly sales reports; OneWeb may reject orders for regulatory or other reasons.
- Contract automatically renews yearly unless notice of non-renewal; termination for breach or insolvency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1537054/000095017024109063/0000950170-24-109063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1537054/000095017024109063/gogo-20240924.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-109063

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