secwatch.observer — SEC 8-K summary
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Issuer:     GCI Liberty, Inc. (GLIBA)
CIK:        0002057463
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001104659-26-047805
Event type: m_and_a
Sentiment:  positive
Materiality: 0.82
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2057463/000110465926047805/0001104659-26-047805-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2057463/000110465926047805/tm2612513d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-047805

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