secwatch.observer — SEC 8-K summary
======================================

Issuer:     Abacus Global Management, Inc. (ABX)
CIK:        0001814287
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001193125-23-182812
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 5.06, 2.03, 3.03, 5.03, 5.01, 5.02, 5.05, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Abacus Life completes SPAC merger with East Resources; starts trading on Nasdaq
-------------------------------------------------------------------------------

- Business combination closed June 30, 2023; ~1.3M shares redeemed at ~$10.40/share totaling ~$13.6M.
- Post-merger common shares outstanding ~63.35M; ABL and ABLLW warrants began trading July 5 on Nasdaq.
- Entered $50M Owl Rock credit facility: $25M term loan + $25M delayed draw, maturing July 2028, at SOFR+7.25%.
- Entered $25M SPV Investment Facility (unsecured, subordinated, 12% PIK interest) from affiliate.
- Sponsor forfeited 1.78M private warrants; Sponsor PIK Note of ~$10.47M issued at 12% interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814287/000119312523182812/0001193125-23-182812-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814287/000119312523182812/d525613d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-182812

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