secwatch.observer — SEC 8-K summary
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Issuer:     Alcoa Corp (AA)
CIK:        0001675149
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0001193125-24-219242
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alcoa to sell 25.1% Ma'aden JV stake for ~$1.1B in shares and cash
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- Total consideration: ~86M Ma'aden shares (valued at $950M) plus $150M cash, totaling ~$1.1B.
- Carrying value of Alcoa's investment was $545M as of June 30, 2024; transaction expected to close H1 2025.
- Alcoa must hold Ma'aden shares for minimum 3 years, with one-third transferable after 3rd, 4th, and 5th anniversaries.
- Closing subject to regulatory approvals and Ma'aden shareholder approval; pro forma Alcoa would own ~2% of Ma'aden.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675149/000119312524219242/0001193125-24-219242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675149/000119312524219242/d783877d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-219242

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