secwatch.observer — SEC 8-K summary
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Issuer:     TKO Group Holdings, Inc. (TKO)
CIK:        0001973266
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001193125-23-277103
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TKO Group announces $100M share repurchase as Vince McMahon sells 8.4M shares in secondary offering
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- Selling stockholder Vincent K. McMahon sold 8,400,000 shares of Class A common stock at $79.80 per share; TKO received no proceeds.
- TKO repurchased 1,308,729 shares from underwriters for approximately $100M, funded by borrowings under its revolver.
- CEO Ariel Emanuel and President Mark Shapiro each purchased 12,531 shares in the offering; other directors bought 10,650 shares.
- Secondary offering closed on November 14, 2023; underwriting agreement filed as Exhibit 1.1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1973266/000119312523277103/0001193125-23-277103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1973266/000119312523277103/d331664d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-277103

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