secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN INTERNATIONAL GROUP, INC. (AIG)
CIK:        0000005272
Form:       8-K
Filed at:   2022-09-20T23:59:59+00:00
Accession:  0001104659-22-101574
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AIG sells 80M shares of Corebridge in IPO at $21/share, gross proceeds $1.613B
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- Underwriting agreement: AIG to sell 80M Corebridge shares at $21 each, gross proceeds ~$1.613B; underwriters have 30-day option for 12M more.
- Separation Agreement governs post-IPO relationship: AIG retains board designation rights, consent rights on major actions while >50% owner.
- Registration Rights Agreement gives AIG demand and piggyback registration rights for its Corebridge shares after lock-up expiry.
- AIG's lock-up on Corebridge shares lasts 180 days from IPO prospectus date, subject to exceptions.
- IPO proceeds to AIG before expenses ~$1.613B; Corebridge remains a majority-owned subsidiary post-IPO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/5272/000110465922101574/0001104659-22-101574-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/5272/000110465922101574/tm2226243d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-101574

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