secwatch.observer — SEC 8-K summary
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Issuer:     CLARIVATE PLC (CLVT)
CIK:        0001764046
Form:       8-K
Filed at:   2022-12-22T23:59:59+00:00
Accession:  0001104659-22-129321
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarivate adopts tax benefits preservation plan to protect over $1.0B in NOLs
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- Board declared dividend of one preferred share purchase right per ordinary share payable Jan 1, 2023.
- Plan triggers at 4.9% ownership; existing 4.9%+ shareholders grandfathered but cannot acquire more.
- Rights become exercisable at $42 per share, entitling holder to purchase shares/units worth twice that.
- Plan expires Oct 31, 2023, unless earlier terminated or redeemed at $0.001 per right.
- As of Sep 30, 2022, Clarivate estimated U.S. federal NOL and interest carryforwards exceed $1.0 billion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1764046/000110465922129321/0001104659-22-129321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1764046/000110465922129321/tm2233303d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-129321

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