---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-047805"
form_type: "8-K"
ticker: "GLIBA"
cik: "0002057463"
company_name: "GCI Liberty, Inc."
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:40:50.644986+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.82
calibrated_materiality_score: 0.82
confidence: "high"
source: SEC EDGAR
---

# GCI Liberty to acquire Quintillion for $310M enterprise value, plus earnouts

## Summary
- Enterprise value $310M, subject to working capital adjustments; plus up to $50M capex reimbursement for Nome-to-Homer Express project.
- Potential earn-out payments based on 2027, 2028, and 2030 gross revenue thresholds payable in 2028, 2029, and 2031, respectively.
- GCI, LLC provides $160M term loan to Seller at SOFR + 8.50%; loan automatically deemed paid in full at closing or matures in 2031.
- Closing conditions include HSR waiting period, FCC approvals, fiber operability, completion of Utqiagvik terrestrial fiber, and no prohibiting law.
- Agreement may be terminated by either party if closing does not occur within 18 months; GCI pays $10M fee in certain termination scenarios.

## SEC filing metadata
- accession: 0001104659-26-047805
- form_type: 8-K
- ticker: GLIBA
- cik: 0002057463
- company_name: GCI Liberty, Inc.
- filed_at: 2026-04-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.82
- calibrated_materiality_score: 0.82
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2057463/000110465926047805/0001104659-26-047805-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2057463/000110465926047805/tm2612513d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-047805
- JSON: https://secwatch.observer/filing/0001104659-26-047805.json
- Plain text: https://secwatch.observer/filing/0001104659-26-047805.txt

## Source-grounded claims
- claim_id: 38fbe32907bbb8eb8bc68b4cc72345578452678d
  claim: GCI Liberty, Inc. entered into Securities Purchase Agreement with Q Gateway Ultimate Holdings, LLC valued at $310 million in cash (effective 2026-04-21).
  evidence_excerpt: the “ Transaction ”) is being effected by GCI and GCI Liberty entering into a Securities Purchase Agreement (the “ Purchase Agreement ”) with Q Gateway Ultimate Holdings, LLC, a Delaware limited liability company (“ Seller ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2057463/000110465926047805/0001104659-26-047805-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.