secwatch.observer — SEC 8-K summary
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Issuer:     AppLovin Corp (APP)
CIK:        0001751008
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001193125-23-146599
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AppLovin repurchases 15.95M shares from KKR at $21.00, an 8% discount; boosts buyback authorization by $296M
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- Private repurchase of 15,952,381 shares from KKR Denali at $21.00/share, total ~$335M; 8% discount to $22.88 close.
- Closing expected by May 18, 2023; Special Committee of independent directors approved the transaction.
- Board increased share repurchase authorization by $296M to $500M; $165M remains available after this repurchase.
- Repurchases may be made via open market or private transactions subject to market conditions and legal requirements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751008/000119312523146599/0001193125-23-146599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751008/000119312523146599/d491086d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-146599

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