---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-209977"
form_type: "8-K"
ticker: "COMP"
cik: "0001563190"
company_name: "Compass, Inc."
filed_at: "2025-09-22T23:59:59+00:00"
generated_at: "2026-05-17T05:58:24.377040+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Compass to acquire Anywhere Real Estate in all-stock merger

## Summary
- Each Anywhere share converted into 1.436 Compass shares; deal structured as tax-free reorganization.
- Compass obtained $750M bridge loan from Morgan Stanley to refinance Anywhere debt.
- Termination fees: $200M (general) or $350M (regulatory); Outside Date Sep 22, 2026 with extensions.
- Compass CEO Reffkin (29.6% voting power) and Angelo Gordon (8.7% Anywhere) enter support agreements to vote in favor.
- Conditions include stockholder approvals, HSR clearance, and NYSE listing of Compass shares.

## SEC filing metadata
- accession: 0001193125-25-209977
- form_type: 8-K
- ticker: COMP
- cik: 0001563190
- company_name: Compass, Inc.
- filed_at: 2025-09-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1563190/000119312525209977/0001193125-25-209977-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1563190/000119312525209977/d937868d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-209977
- JSON: https://secwatch.observer/filing/0001193125-25-209977.json
- Plain text: https://secwatch.observer/filing/0001193125-25-209977.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.