{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-110658","form_type":"8-K","ticker":"LNWO","cik":"0000750004","company_name":"Light & Wonder, Inc.","filed_at":"2023-10-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.945974+00:00","generated_at":"2026-06-09T17:38:26.516636+00:00","sec_items":["1.01","1.02","2.01","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Light & Wonder completes acquisition of remaining ~17% of SciPlay for $22.95/share in cash","bullets":["Acquired remaining ~17% equity interest in SciPlay for $22.95 per share in cash; total implied equity value not disclosed.","SciPlay becomes wholly-owned subsidiary; SciPlay common stock delisted from Nasdaq Global Select Market.","Tax Receivable Agreement waivers executed by all parties to avoid payment acceleration upon merger consummation.","SciPlay's $150M revolving credit facility terminated; Light & Wonder will designate SciPlay entities as Restricted Subsidiaries under its own debt agreements.","Effective date October 23, 2023; former SciPlay shareholders received $22.95 per share in cash without interest."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-110658","json":"https://secwatch.observer/filing/0001104659-23-110658.json","markdown":"https://secwatch.observer/filing/0001104659-23-110658.md","text":"https://secwatch.observer/filing/0001104659-23-110658.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/750004/000110465923110658/0001104659-23-110658-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/750004/000110465923110658/tm2328757d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T17:38:26.516636+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":"fbcb7a3c48917edacd7932df8f36adbda8a4d9ef","claim":"Light & Wonder, Inc. completed an acquisition involving SciPlay Corporation for $22.95 in cash (closed 2023-10-23).","evidence_excerpt":"At the Effective Time, pursuant to the terms of, and subject to the conditions set forth in, the Merger Agreement and in accordance with the laws of the State of Nevada: (i) each share of Class A common stock, par value $0.001 per share, of SciPlay (the “ SciPlay Class A Common Stock ”) issued and outstanding immediately prior to the Effective Time (other than any Excluded Shares (as defined below)) was converted automatically into the right to receive $22.95 in cash, without interest (the “ Merger Consideration ”)","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/750004/000110465923110658/0001104659-23-110658-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"SciPlay Corporation"},{"label":"Consideration","value":"$22.95 in cash"},{"label":"Closing","value":"2023-10-23"}],"fact_type":"ma_transaction"},{"claim_id":"78c89a80c5483697b25c65d20797c248148f7437","claim":"Light & Wonder, Inc. entered into Waiver under Tax Receivable Agreement with SciPlay Parent Company, LLC; LNW Social Holding Company I, LLC valued at Waived rights under Section 4.1(b) of TRA to prevent acceleration of payment obligations (effective 2023-10-23).","evidence_excerpt":"each of SciPlay, SciPlay Parent Company, LLC, a Nevada limited liability company (“ SciPlay Parent LLC ”), and LNW Social Holding Company I, LLC, a Nevada limited liability company (“ LNW Social Holding ”), delivered a Waiver (collectively, the “ Waivers ”) to the other parties to, and in respect of, that certain Tax Receivable Agreement (the “ TRA ”), dated as of May 7, 2019, by and among SciPlay, SciPlay Parent LLC and LNW Social Holding","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/750004/000110465923110658/0001104659-23-110658-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"SciPlay Parent Company, LLC; LNW Social Holding Company I, LLC"},{"label":"Value","value":"Waived rights under Section 4.1(b) of TRA to prevent acceleration of payment obligations"},{"label":"Effective","value":"2023-10-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}