secwatch.observer — SEC 8-K summary
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Issuer:     AppLovin Corp (APP)
CIK:        0001751008
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001193125-24-058014
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KKR selling 19.9M APP shares at $56; AppLovin to repurchase 10.5M at $54.46
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- Secondary offering of 19,866,397 Class A shares by KKR Denali at $56.00 per share.
- AppLovin agrees to repurchase 10,466,397 shares from underwriters at $54.46 per share.
- KKR expected to convert ~16M Class B shares to Class A in connection with offering.
- Company will receive no proceeds; closing expected around March 6, 2024.
- Underwriting agreement includes customary reps, warranties, and indemnification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751008/000119312524058014/0001193125-24-058014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751008/000119312524058014/d801640d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-058014

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