secwatch.observer — SEC 8-K summary
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Issuer:     Stagwell Inc (STGW)
CIK:        0000876883
Form:       8-K
Filed at:   2022-01-06T23:59:59+00:00
Accession:  0001104659-22-001759
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876883/000110465922001759/0001104659-22-001759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876883/000110465922001759/tm221934d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-001759

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer