secwatch.observer — SEC 8-K summary
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Issuer:     AppLovin Corp (APP)
CIK:        0001751008
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001193125-23-214308
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751008/000119312523214308/0001193125-23-214308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751008/000119312523214308/d543731d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-214308

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