{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-014535","form_type":"8-K","ticker":"LNWO","cik":"0000750004","company_name":"Light & Wonder, Inc.","filed_at":"2025-02-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.266201+00:00","generated_at":"2026-05-26T17:58:04.537165+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Light & Wonder to acquire Grover Gaming charitable assets for $850M cash, plus up to $200M earn-out","bullets":["$850M upfront cash consideration; earn-out up to $200M over 4 years based on revenue/business expansion.","Acquires over 10,000 leased electronic pull-tab units across five U.S. states (ND, OH, VA, KY, NH).","Implies ~7.7x multiple on 2024 Grover Adj. EBITDA; ~7.1x on run-rate Adj. EBITDA.","Highly accretive: high-single-digit Adjusted NPATA per share accretion; cash generative earnings profile.","Founder Garrett Blackwelder to collaborate with Light & Wonder for 3 years post-close."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-014535","json":"https://secwatch.observer/filing/0001104659-25-014535.json","markdown":"https://secwatch.observer/filing/0001104659-25-014535.md","text":"https://secwatch.observer/filing/0001104659-25-014535.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/750004/000110465925014535/0001104659-25-014535-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/750004/000110465925014535/tm256405d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T17:58:04.537165+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}