secwatch.observer — SEC 8-K summary
======================================

Issuer:     Digimarc CORP (DMRC)
CIK:        0001438231
Form:       8-K
Filed at:   2021-11-15T23:59:59+00:00
Accession:  0001193125-21-328913
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digimarc to acquire Evrythng for $50M stock, earnout up to $100M based on ARR, close Jan 2022
--------------------------------------------------------------------------------

- Digimarc to acquire Evrythng for $50M initial consideration in stock and warrants; earnout potential up to $100M if $10M ARR achieved by Feb 2022.
- Digimarc repays ~$7.9M of Evrythng debt and transaction costs at closing; bridge loan of up to $2M at 1% interest.
- Earnout formula: if stock price >2x initial, no additional consideration; else up to $100M in stock.
- Closing expected January 2022 subject to conditions including key employee retention and closing costs under $8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438231/000119312521328913/0001193125-21-328913-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438231/000119312521328913/d236631d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-328913

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