{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-21-139989","form_type":"8-K","ticker":"CPTKW","cik":"0001827899","company_name":"Crown PropTech Acquisitions","filed_at":"2021-11-16T23:59:59+00:00","discovered_at":"2026-05-14T18:04:14.475645+00:00","generated_at":"2026-06-28T07:54:23.689835+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Crown PropTech to combine with Brivo in SPAC merger at $800M equity value","bullets":["Implied equity value of $800M; $10 per share reference price for New Brivo common stock.","PIPE of $75M in convertible notes at $11.50/share, with interest SOFR+9.25% first two years.","Dual-class structure: shares held by >20% Brivo holder (Dean Drako entity) get 10 votes per share.","Earn-out shares: 8.5M Brivo holder shares vest at $13 and $15 price targets; 2.384M sponsor shares also vest.","Closing expected mid-2022, conditioned on Crown shareholder approval, HSR, and minimum $75M cash from trust and PIPE."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-21-139989","json":"https://secwatch.observer/filing/0001104659-21-139989.json","markdown":"https://secwatch.observer/filing/0001104659-21-139989.md","text":"https://secwatch.observer/filing/0001104659-21-139989.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1827899/000110465921139989/0001104659-21-139989-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1827899/000110465921139989/tm2132641d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T07:54:23.689835+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}