---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-214308"
form_type: "8-K"
ticker: "APP"
cik: "0001751008"
company_name: "AppLovin Corp"
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T08:40:12.946235+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# KKR sells 10M AppLovin shares to GQG Partners in direct placement

## Summary
- KKR Denali Holdings sells 10 million shares of AppLovin Class A common stock to GQG Partners.
- AppLovin receives no proceeds; KKR gets all proceeds from the transaction.
- Transaction expected to close on August 21, 2023.
- GQG increases its investment in AppLovin, citing strong execution.
- AppLovin is not issuing new shares; no dilution for existing shareholders.

## SEC filing metadata
- accession: 0001193125-23-214308
- form_type: 8-K
- ticker: APP
- cik: 0001751008
- company_name: AppLovin Corp
- filed_at: 2023-08-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1751008/000119312523214308/0001193125-23-214308-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1751008/000119312523214308/d543731d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-214308
- JSON: https://secwatch.observer/filing/0001193125-23-214308.json
- Plain text: https://secwatch.observer/filing/0001193125-23-214308.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.