secwatch.observer — SEC 8-K summary
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Issuer:     AlTi Global, Inc. (ALTI)
CIK:        0001838615
Form:       8-K
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0001193125-23-004775
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 5.06, 3.02, 9.01, 4.01, 2.03, 3.03, 5.03, 5.01, 5.02, 5.05, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Alvarium Tiedemann completes SPAC merger, begins trading on Nasdaq as ALTI
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- Business combination closed Jan 3, 2023; Alvarium Tiedemann Holdings now public on Nasdaq (ALTI/ALTIW).
- PIPE investment raised $165M at $9.80/share from subscribers for 16.9M shares.
- Entered $250M credit facility ($100M term loan + $150M revolver) to repay ~$43.6M, ~$19.9M, and £50.6M in existing debt.
- Carved out Alvarium Home REIT Advisors for ~£24M promissory note; contributed $3.9M EBITDA in 9 months through Sep 2022.
- Lock-up agreements: sponsor/insider shares locked 1-3 years; registration rights granted for resale of securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838615/000119312523004775/0001193125-23-004775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838615/000119312523004775/d431644d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-004775

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