secwatch.observer — SEC 8-K summary
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Issuer:     Certara, Inc. (CERT)
CIK:        0001827090
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001104659-22-115148
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arsenal Capital Partners commits $449M to buy ~30M Certara shares at $15/sh; expects 22% ownership
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- Arsenal will acquire ~30M shares from EQT at $15/share, total $449M; subject to HSR regulatory approval.
- Post-closing, Arsenal will own ~22% of diluted shares; currently holds ~4%.
- Arsenal agrees to two-year lock-up on sale of purchased shares without company approval.
- Arsenal to nominate two board members: Steve McLean (current) and David Spaight; EQT's Liu and Waxman to resign.
- Board will expand to 11 members; Stockholders Agreement grants Arsenal director nomination rights based on ownership.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1827090/000110465922115148/0001104659-22-115148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1827090/000110465922115148/tm2229794d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-115148

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