secwatch.observer — SEC 8-K summary
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Issuer:     Lineage, Inc. (LINE)
CIK:        0001868159
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0001193125-24-186275
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lineage closes IPO of 56.9M shares; enters stockholder and transition agreements
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- IPO of 56,882,051 shares closed July 26, 2024; underwriters have 30-day option for 8,532,307 additional shares.
- Company redeemed Series A preferred stock for $0.6M cash plus accrued but unpaid dividends.
- Entered stockholders agreement granting BGLH, Stonepeak, others director nomination rights based on ownership thresholds.
- Lineage Holdings entered transition services agreement with BGMC; $8M annual fee for 3 years ($24M total) for capital deployment and M&A support.
- Board of directors elected with 8 members, including designees from BGLH, Stonepeak, and BGO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868159/000119312524186275/0001193125-24-186275-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868159/000119312524186275/d813793d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-186275

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