---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-001759"
form_type: "8-K"
ticker: "STGW"
cik: "0000876883"
company_name: "Stagwell Inc"
filed_at: "2022-01-06T23:59:59+00:00"
generated_at: "2026-06-27T20:25:02.002282+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Stagwell completes $160M acquisition of remaining 49% of Instrument LLC, ends uncapped earn-out

## Summary
- Purchase price of $160M: $86.1M cash + $73.9M in Class A common stock, payable in 3 installments.
- First installment of $75M ($37.5M cash + $37.5M stock) paid Dec 31, 2021; second/third $42.5M each due Apr 2023/Apr 2024.
- Instrument has 400+ employees, clients include Nike, Google, Salesforce, Epic Games; >30% annual growth last two years.
- Deal replaces uncapped earn-out; all prior uncapped earn-out structures have now been restructured.
- Expected to improve leverage, investment returns, and provide greater investor certainty.

## SEC filing metadata
- accession: 0001104659-22-001759
- form_type: 8-K
- ticker: STGW
- cik: 0000876883
- company_name: Stagwell Inc
- filed_at: 2022-01-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876883/000110465922001759/0001104659-22-001759-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876883/000110465922001759/tm221934d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-001759
- JSON: https://secwatch.observer/filing/0001104659-22-001759.json
- Plain text: https://secwatch.observer/filing/0001104659-22-001759.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.