secwatch.observer — SEC 8-K summary
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Issuer:     Savers Value Village, Inc. (SVV)
CIK:        0001883313
Form:       8-K
Filed at:   2023-07-03T23:59:59+00:00
Accession:  0001193125-23-181401
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Savers Value Village completes IPO of 25.6M shares at $18; grants Ares registration rights and board nomination rights
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- IPO of 25.6M shares closed on July 3, 2023 at $18 per share; company sold 18.75M shares, selling stockholders 6.885M shares (including option).
- Ares Funds granted unlimited demand and piggyback registration rights covering all their shares.
- Stockholders Agreement gives Ares board seats proportional to ownership (up to majority if ≥40%) and veto rights over major transactions while ≥30%.
- Charter and bylaws amended and restated effective June 28/29, 2023 in connection with IPO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883313/000119312523181401/0001193125-23-181401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883313/000119312523181401/d495726d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-181401

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