secwatch.observer — SEC 8-K summary
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Issuer:     APi Group Corp (APG)
CIK:        0001796209
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001193125-24-059240
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APi Group: Blackstone and Viking sell 12.15M shares in upsized secondary at $34.25; Series B preferred eliminated
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- Secondary offering upsized to 10,569,106 shares (plus 1,585,365 option exercised=12,154,471 total) at $34.25/share.
- Selling stockholders (Blackstone and Viking) converted all 5.5% Series B Perpetual Convertible Preferred into common before sale.
- APi received no proceeds from the offering; all shares sold by existing holders.
- Company filed Certificate of Elimination to remove Series B Preferred Stock from charter, effective March 5, 2024.
- Lock-up agreements: company, execs, directors, and selling stockholders subject to 90-day trading restriction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1796209/000119312524059240/0001193125-24-059240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1796209/000119312524059240/d766221d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-059240

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