secwatch.observer — SEC 8-K summary
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Issuer:     Whole Earth Brands, Inc. (—)
CIK:        0001753706
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001104659-24-059129
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Whole Earth Brands Q1 revenue -2.2% to $129.5M, net loss narrows; $4.875/share acquisition on track
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- Revenue $129.5M (-2.2% reported); Branded CPG -3.5%, Flavors & Ingredients +2.1%.
- Net loss $9.4M vs. -$19.8M YoY; Adjusted EBITDA $19.1M, up 15.2% YoY.
- Gross margin 28.8% (up from 24.4%); adjusted gross margin 32.5% (from 29.9%).
- Acquisition by Ozark Holdings at $4.875/share (56% premium) expected to close later in Q2 2024.
- Corporate expenses $10.4M due to merger costs; cash $23.8M, long-term debt $422.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1753706/000110465924059129/0001104659-24-059129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1753706/000110465924059129/tm2413522d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-059129

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