---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-002802"
form_type: "8-K"
ticker: "TEAD"
cik: "0001454938"
company_name: "Teads Holding Co."
filed_at: "2025-02-03T23:59:59+00:00"
generated_at: "2026-05-27T03:56:59.660948+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Outbrain closes Teads acquisition for $625M cash + 43.75M shares; raises synergy target to $65-75M

## Summary
- Closed Teads acquisition on Feb 3, 2025; amended consideration: $625M cash (down from $725M) and 43.75M common shares.
- New $625M bridge loan (maturing Feb 2026) and $100M revolving credit facility; prior SVB credit agreement repaid and terminated.
- Preliminary combined 2024 revenue ~$1.507B, Ex-TAC gross profit ~$622.7M, Adjusted EBITDA ~$160M.
- Annual synergy expectation raised to $65-75M in FY2026 (from $50-60M); ~$60M cost synergies including ~$45M compensation.
- Restructuring plan with $20-25M charges (primarily severance); board expanded from 9 to 11 directors for Altice designees.

## SEC filing metadata
- accession: 0001140361-25-002802
- form_type: 8-K
- ticker: TEAD
- cik: 0001454938
- company_name: Teads Holding Co.
- filed_at: 2025-02-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 2.02, 7.01, 2.03, 2.05, 3.02, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1454938/000114036125002802/0001140361-25-002802-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1454938/000114036125002802/ny20037354x5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-002802
- JSON: https://secwatch.observer/filing/0001140361-25-002802.json
- Plain text: https://secwatch.observer/filing/0001140361-25-002802.txt

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