secwatch.observer — SEC 8-K summary
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Issuer:     Vivid Seats Inc. (SEAT)
CIK:        0001856031
Form:       8-K/A
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001193125-23-288781
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivid Seats files VDC Holdco (Vegas.com) financials; 9M2023 rev $77.8M, net income $17.3M
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- VDC Holdco (Vegas.com) revenue $77.8M for 9M2023, up 20% from $64.7M in 9M2022.
- Net income rose 22% to $17.3M from $14.2M; operating income $23.5M vs $16.2M.
- Long-term debt $19.975M (SOFR+5.31%), with $2.7M current maturities; subject to leverage covenants.
- Goodwill $45.7M, intangible assets $6.1M net; no impairment indicated.
- Transaction consolidates Vegas.com and LasVegas.com into Vivid Seats' platform.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856031/000119312523288781/0001193125-23-288781-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856031/000119312523288781/d28024d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-288781

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