secwatch.observer — SEC 8-K summary
======================================

Issuer:     NASDAQ, INC. (NDAQ)
CIK:        0001120193
Form:       8-K
Filed at:   2024-03-20T23:59:59+00:00
Accession:  0001193125-24-072138
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Borse Dubai launches secondary offering of 26.96M Nasdaq shares at $59; to hold ~10.8%
--------------------------------------------------------------------------------

- Borse Dubai to sell 26,956,522 shares of Nasdaq common stock at $59.00 per share in a secondary offering.
- Borse Dubai granted underwriters a 30-day option to purchase up to an additional 4,043,478 shares.
- Post-offering, Borse Dubai expected to hold ~62.4M shares, or 10.8% of Nasdaq's outstanding (10.1% if option exercised).
- Borse Dubai agrees to an 18-month lock-up on its remaining shares and retains board nomination right if it holds ≥10%.
- Nasdaq will not receive any proceeds; all proceeds go to Borse Dubai; offering expected to close March 22.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120193/000119312524072138/0001193125-24-072138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120193/000119312524072138/d812900d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-072138

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