secwatch.observer — SEC 8-K summary
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Issuer:     NEW ROYAL HOLDCO I INC. (GDEN)
CIK:        0001071255
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0001071255-25-000124
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Golden Entertainment to sell OpCo for $2.75/share cash, merge PropCo into VICI for 0.902 VICI shares per GDEN share
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- Golden Entertainment shareholders to receive $2.75 per share cash plus 0.902 VICI Properties shares per share held.
- Transaction structured as sale of operating assets to Argento, LLC and merger of PropCo into VICI subsidiary; expected close mid-2026.
- Shareholder vote required; board's independent committee unanimously recommended approval; certain shareholders entered voting agreement.
- Company can solicit alternative proposals during go-shop period ending December 5, 2025; termination fee $37M ($16.4M during go-shop).
- Blake L. Sartini provides limited guarantee of OpCo Buyer's reverse termination fee of $10M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071255/000107125525000124/0001071255-25-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071255/000107125525000124/gden-20251106.htm
  HTML page:      https://secwatch.observer/filing/0001071255-25-000124

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