secwatch.observer — SEC 8-K summary
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Issuer:     AdTheorent Holding Company, Inc. (—)
CIK:        0001838672
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001193125-24-082733
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 1.01, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AdTheorent to be acquired by Cadent for $3.21/share (~$324M equity value)
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- All-cash transaction: $3.21 per share; 17% premium to 60-day VWAP and 27% premium to 90-day VWAP as of March 28, 2024.
- Board unanimously approved; H.I.G. Growth (37% holder) and six insiders signed voting support agreements.
- Go-shop period runs through May 4, 2024; termination fee of ~$11.35M (or ~$6.49M during go-shop).
- Closing subject to stockholder approval, HSR clearance, and other customary conditions; expected in Q2/Q3 2024.
- Equity financing from Novacap and debt financing commitments secured; no financing condition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838672/000119312524082733/0001193125-24-082733-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838672/000119312524082733/d816521d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-082733

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