secwatch.observer — SEC 8-K summary
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Issuer:     REALNETWORKS INC (—)
CIK:        0001046327
Form:       8-K
Filed at:   2022-12-22T23:59:59+00:00
Accession:  0001046327-22-000089
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 2.01, 3.01, 5.01, 3.03, 5.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RealNetworks completes going-private merger with CEO Rob Glaser at $0.73/share
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- Merger closed Dec 21, 2022; shareholders receive $0.73 per share in cash.
- Common stock and preferred share purchase rights to be delisted from Nasdaq.
- Robert Glaser becomes sole manager; all prior directors resign.
- Vested stock options and RSUs cashed out; unvested options with exercise price >= $0.73 canceled for no value.
- Transaction approved by special committee and shareholders; funded by Glaser's cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046327/000104632722000089/0001046327-22-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046327/000104632722000089/rnwk-20221221.htm
  HTML page:      https://secwatch.observer/filing/0001046327-22-000089

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