secwatch.observer — SEC 8-K summary
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Issuer:     ADOBE INC. (ADBE)
CIK:        0000796343
Form:       8-K
Filed at:   2022-09-15T23:59:59+00:00
Accession:  0001140361-22-033412
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adobe to acquire Figma for ~$20B in cash and stock
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- Total consideration ~$20B, half cash/half stock; ~6M RSUs to Figma CEO & employees vesting over 4 years.
- Figma ARR expected to exceed $400M exiting 2022; net new ARR ~$200M; NDR >150%; gross margins ~90%; positive OCF.
- Expected close in 2023; subject to regulatory clearances & Figma stockholder approval; $1B reverse termination fee if antitrust blocks deal.
- Dylan Field to continue as Figma CEO, reporting to Adobe's David Wadhwani.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796343/000114036122033412/0001140361-22-033412-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796343/000114036122033412/ny20005310x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-033412

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