secwatch.observer — SEC 8-K summary
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Issuer:     Gogo Inc. (GOGO)
CIK:        0001537054
Form:       8-K
Filed at:   2022-09-16T23:59:59+00:00
Accession:  0001193125-22-245862
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gogo repurchases 1.5M shares from BlackRock at $12.23/share to resolve rights plan breach
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- Repurchased 1,500,000 shares from BlackRock affiliates for $18.345M; closing by Sept 21, 2022.
- BlackRock inadvertently exceeded 4.9% ownership threshold under Gogo's Section 382 Rights Agreement.
- Gogo requested BlackRock divest additional ~100,000 shares post-repurchase to fall below 4.9%.
- Repurchase funded with cash on hand; no change to existing share buyback program disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1537054/000119312522245862/0001193125-22-245862-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1537054/000119312522245862/d386193d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-245862

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