secwatch.observer — SEC 8-K summary
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Issuer:     Mediaco Holding Inc. (MDIA)
CIK:        0001784254
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001140361-24-020431
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.03, 9.01, 2.01, 2.03, 3.02, 5.03, 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

MediaCo completes Estrella asset acquisition; issues warrants, preferred stock, and $65M in debt
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- Consideration: warrant for 28.2M shares at $0.00001, 60k Series B preferred ($60M liquidation), $30M second lien term loan, ~$30M cash.
- Financing: $35M first lien term loan (plus $10M delayed draw) from White Hawk Capital; $30M second lien from HPS.
- Jacqueline Hernández appointed Interim CEO ($960k salary, 6-month term); Brian Kei appointed COO; board expands to 11 with three new directors.
- SG Broadcasting converts Series A Preferred into 20.7M Class A shares; Nasdaq bid-price compliance regained.
- Warrant and option shares represent ~43% of outstanding Class A on fully diluted basis; stockholder vote required for issuance above 19.9%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784254/000114036124020431/0001140361-24-020431-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784254/000114036124020431/ef20027147_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-020431

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