{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-010927","form_type":"8-K","ticker":"STGW","cik":"0000876883","company_name":"Stagwell Inc","filed_at":"2026-02-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.884859+00:00","generated_at":"2026-05-16T04:43:16.664306+00:00","sec_items":["3.02"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Stagwell acquires digital advertising company; issues 863,624 shares for $5.625M with earn-outs up to $12.375M","bullets":["Acquired substantially all assets of a digital advertising company; issued 863,624 shares of Class A common stock for $5.625M at closing.","Contingent earn-out payments up to $5.375M and $7.0M in stock based on performance over two-year periods starting Jan 2026 and Jan 2028.","Stock issuance exempt from registration under Section 4(a)(2); no cash proceeds or commissions paid.","Company may elect to pay earn-outs in stock up to specified caps."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-010927","json":"https://secwatch.observer/filing/0001104659-26-010927.json","markdown":"https://secwatch.observer/filing/0001104659-26-010927.md","text":"https://secwatch.observer/filing/0001104659-26-010927.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/876883/000110465926010927/0001104659-26-010927-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/876883/000110465926010927/tm265372d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T04:43:16.664306+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"}