secwatch.observer — SEC 8-K summary
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Issuer:     Teads Holding Co. (TEAD)
CIK:        0001454938
Form:       8-K
Filed at:   2025-02-03T23:59:59+00:00
Accession:  0001140361-25-002802
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 1.02, 2.01, 2.02, 7.01, 2.03, 2.05, 3.02, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1454938/000114036125002802/0001140361-25-002802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1454938/000114036125002802/ny20037354x5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-002802

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