secwatch.observer — SEC 8-K summary
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Issuer:     OmniAb, Inc. (OABI)
CIK:        0001846253
Form:       8-K
Filed at:   2022-10-24T23:59:59+00:00
Accession:  0001104659-22-110957
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avista Public Acquisition Corp. II shareholders approve OmniAb business combination; ~97% of public shares redeemed
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- All proposals approved at Oct 24 meeting including business combination, domestication, governance, director elections.
- 21.7M Class A shares redeemed at ~$10.32/share ($224M total), leaving limited trust cash; Sponsor backstops redemptions.
- Sponsor to receive ~8.7M shares & ~1.4M warrants for $86.7M backstop, plus $15M private placement for 1.5M shares & 1.67M warrants.
- Post-close board elected: Matthew Foehr, Jennifer Cochran, Sarah Boyce, Sunil Patel, John Higgins, Carolyn Bertozzi, Joshua Tamaroff.
- 2022 Incentive Award Plan (14% of diluted shares) and ESPP (1.5% of diluted shares) approved, effective upon deal close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846253/000110465922110957/0001104659-22-110957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846253/000110465922110957/tm2228794d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-110957

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