{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-251555","form_type":"8-K","ticker":"VISN","cik":"0001517228","company_name":"Vistance Networks, Inc.","filed_at":"2023-10-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.337467+00:00","generated_at":"2026-06-10T03:56:34.243496+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CommScope grants Vantiva call option to acquire Home Networks business for 25% stake plus up to $100M earn-out","bullets":["Vantiva gets binding call option to buy CommScope's Home Networks business; exercise subject to works council consultation in France.","Consideration: 25% equity stake in Vantiva (fully diluted) plus earn-out up to $100M based on Vantiva achieving €400M adjusted EBITDA.","If Vantiva doesn't exercise (excluding MAE termination), it pays CommScope a €5M break-up fee.","Closing conditions include regulatory approvals, Vantiva shareholder approval, and completion of Home Business restructuring.","Vantiva will continue employment for Home Business employees with at least equal pay and substantially comparable benefits."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-251555","json":"https://secwatch.observer/filing/0001193125-23-251555.json","markdown":"https://secwatch.observer/filing/0001193125-23-251555.md","text":"https://secwatch.observer/filing/0001193125-23-251555.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1517228/000119312523251555/0001193125-23-251555-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1517228/000119312523251555/d555685d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T03:56:34.243496+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9d32bb7c457b20e853658eee6b8f7800387440df","claim":"Vistance Networks, Inc. entered into Call Option Agreement with Vantiva SA valued at €5,000,000 lump sum if not exercised; 25% equity stake plus earn-out up to $100,000,000 if exercised (effective 2023-10-02).","evidence_excerpt":"On October 2, 2023, CommScope Holding Company, Inc. (the “Company”) and Vantiva SA, a société anonyme organized under the Laws of France (“Vantiva”), entered into a Call Option Agreement (the “Option Agreement”) pursuant to which the Company has granted Vantiva a binding call option to acquire the Company’s Home Networks business (the “Home Business”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1517228/000119312523251555/0001193125-23-251555-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Vantiva SA"},{"label":"Value","value":"€5,000,000 lump sum if not exercised; 25% equity stake plus earn-out up to $100,000,000 if exercised"},{"label":"Effective","value":"2023-10-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}