secwatch.observer — SEC 8-K summary
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Issuer:     Quotient Technology Inc. (—)
CIK:        0001115128
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001193125-23-228644
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quotient Technology acquired by Charlesbank-backed entity at $4.00 per share in all-cash deal valued at ~$430M
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- Stockholders approved merger on Sept 1, 2023 with 62.5M for, 9.8M against, 122K abstentions.
- Each share converted into $4.00 cash; total equity consideration ~$430M.
- New $450M term loan and $50M revolving credit facility from Cerberus Business Finance Agency.
- Common stock delisted from NYSE effective Sept 5, 2023; company intends to deregister under Exchange Act.
- All pre-merger directors resigned; directors of Merger Sub became new board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1115128/000119312523228644/0001193125-23-228644-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1115128/000119312523228644/d846485d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-228644

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