secwatch.observer — SEC 8-K summary
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Issuer:     OmniAb, Inc. (OABI)
CIK:        0001846253
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001193125-22-279194
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 5.06, 3.02, 3.03, 5.03, 5.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OmniAb completes business combination with Avista Public Acquisition Corp. II, begins trading on Nasdaq
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- Business combination closed on Nov 1, 2022; APAC domesticated as OmniAb, Inc. (DE) and merged with Legacy OmniAb.
- Redemption of 21.7M APAC shares at ~$10.32/share consumed $224M from trust; remaining ~$13.3M transferred to OmniAb.
- Sponsor purchased 10.2M shares and 3.1M warrants for $101.7M via Forward Purchase and Redemption Backstop.
- Legacy OmniAb shareholders received 82.6M OmniAb shares + 15M earnout shares; earnout vests at $12.50 and $15.00 VWAP.
- OmniAb common stock (OABI) and warrants (OABIW) started trading on Nasdaq on Nov 2, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846253/000119312522279194/0001193125-22-279194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846253/000119312522279194/d305922d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-279194

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