secwatch.observer — SEC 8-K summary
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Issuer:     Light & Wonder, Inc. (LNWO)
CIK:        0000750004
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001104659-23-110658
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 1.02, 2.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Light & Wonder completes acquisition of remaining ~17% of SciPlay for $22.95/share in cash
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750004/000110465923110658/0001104659-23-110658-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750004/000110465923110658/tm2328757d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-110658

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