Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 1.0
VIASAT INC completed an acquisition involving Connect Topco Limited (Inmarsat) for cash consideration equal to $550.7 million, subject to adjustments, and approximately 46.36 million unregistered shares of common stock, par value $0.0001 per s (closed 2023-05-30).
- Action
- acquisition
- Counterparty
- Connect Topco Limited (Inmarsat)
- Consideration
- cash consideration equal to $550.7 million, subject to adjustments, and approximately 46.36 million unregistered shares of common stock, par value $0.0001 per s
- Closing
- 2023-05-30
Exact text from the filing
On June 2, 2023, Viasat, Inc., a Delaware corporation (“ Viasat ”), filed with the Securities and Exchange Commission a Current Report on Form 8-K (the “ Initial Form 8-K ”) disclosing that on May 30, 2023, Viasat purchased all of the issued and outstanding shares of Connect Topco Limited, a private company limited by shares and incorporated in Guernsey (“ Inmarsat ”), pursuant to the previously announced Share Purchase Agreement, dated as of November 8, 2021, by and among Viasat, the shareholders of Inmarsat and the other parties thereto, in exchange for (i) cash consideration equal to $550.7 million, subject to adjustments, and (ii) approximately 46.36 million unregistered shares of common stock, par value $0.0001 per share, of Viasat, upon the terms and subject to the conditions set forth therein.
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