secwatch.observer — SEC 8-K summary
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Issuer:     Lemonade, Inc. (LMND)
CIK:        0001691421
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001104659-22-083465
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lemonade completes Metromile acquisition for ~$145M in stock; receives $155M cash and $110M premiums
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- Deal closed July 28, 2022; Metromile shareholders received 7.3 million LMND shares.
- Lemonade gains over $155M cash, over $110M in auto premiums, and insurance licenses in 49 states.
- Metromile CEO Dan Preston becomes SVP of Strategic Initiatives; most Metromile employees transition.
- Metromile brand to sunset after customer migration; MILE stock ceases trading on Nasdaq.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691421/000110465922083465/0001104659-22-083465-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691421/000110465922083465/tm2221915d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-083465

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