{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-005848","form_type":"8-K","ticker":"RBA","cik":"0001046102","company_name":"RB GLOBAL INC.","filed_at":"2023-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.652739+00:00","generated_at":"2026-06-20T11:28:50.625930+00:00","sec_items":["1.01","3.02","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Ritchie Bros. enters $500M PIPE with Starboard; board seat if merger approved","bullets":["Starboard Value invests $485M in 5.50% Series A convertible preferred shares and $15M in common shares at $59.722/share.","Preferred shares convertible at 0.0136986 common per $1.00; dividend rate steps up to 7.50% after 4 years.","Upon RBA-IAA merger approval, board expands to 10 and Starboard's Jeffrey C. Smith appointed as director.","Starboard agrees to standstill, voting support, and transfer restrictions through one year post-issuance.","Closing conditioned on NYSE and TSX approvals; expected January 25, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-005848","json":"https://secwatch.observer/filing/0001104659-23-005848.json","markdown":"https://secwatch.observer/filing/0001104659-23-005848.md","text":"https://secwatch.observer/filing/0001104659-23-005848.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1046102/000110465923005848/0001104659-23-005848-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1046102/000110465923005848/tm234150d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T11:28:50.625930+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"819c3aaa6282025b1035879d19ee7fd16dd6fe60","claim":"RB GLOBAL INC. entered into Purchase Agreement with Starboard Value LP and certain of its affiliated funds, and Jeffrey C. Smith valued at $485.0 million and approximately $15.0 million (effective 2023-01-22).","evidence_excerpt":"On January 22, 2023, Ritchie Bros. Auctioneers Incorporated (the “ Company ” or “ RBA ”) entered into a securities purchase agreement (the “ Purchase Agreement ”) with Starboard Value LP (“ Starboard Value ”), certain of its affiliated funds (the “ Purchasers ”), and Jeffrey C. Smith","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1046102/000110465923005848/0001104659-23-005848-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Starboard Value LP and certain of its affiliated funds, and Jeffrey C. Smith"},{"label":"Value","value":"$485.0 million and approximately $15.0 million"},{"label":"Effective","value":"2023-01-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}