secwatch.observer — SEC 8-K summary
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Issuer:     RingCentral, Inc. (RNG)
CIK:        0001384905
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0001193125-21-324526
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RingCentral acquires Mitel CloudLink IP for $650M, becomes exclusive UCaaS partner; Searchlight invests $200M
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- RingCentral pays $650M ($300M cash, ~$300M stock, up to $50M holdback) for CloudLink and MiCloud Connect IP from Mitel.
- RingCentral becomes Mitel's exclusive UCaaS provider; Mitel sells RingCentral MVP to its 35M+ user base.
- Affiliate of Searchlight invests $200M in RingCentral Series A Convertible Preferred Stock (conversion price $269.22).
- CloudLink technology enables Mitel on-prem PBX users to integrate with RingCentral MVP, providing a seamless migration path.
- Multi-year Framework Agreement; RingCentral to pay Mitel compensation in cash and/or Class A common stock for sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1384905/000119312521324526/0001193125-21-324526-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1384905/000119312521324526/d440055d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-324526

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