{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-344665","form_type":"8-K","ticker":"NCMI","cik":"0001377630","company_name":"National CineMedia, Inc.","filed_at":"2026-08-11T20:11:55+00:00","discovered_at":"2026-08-11T20:13:00.378999+00:00","generated_at":"2026-08-11T20:13:15.705041+00:00","sec_items":["2.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"NCM Q2 revenue up 12.7% to $58.4M; to acquire Captivate for $275M","bullets":["Q2 revenue $58.4M (+12.7% YoY); net loss $9.9M vs $10.7M, EPS -$0.11 flat.","Adjusted OIBDA rose to $2.1M from $0.7M YoY; operating loss widened to $12.8M from $12.0M.","Definitive agreement to acquire Captivate at $275M enterprise value; funded with new committed term debt.","Transaction expected to close H2 2026; NCM pauses quarterly dividend program; no forward outlook.","Expects >$3.5M annual run-rate cost synergies within first year after close."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-344665","json":"https://secwatch.observer/filing/0001193125-26-344665.json","markdown":"https://secwatch.observer/filing/0001193125-26-344665.md","text":"https://secwatch.observer/filing/0001193125-26-344665.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1377630/000119312526344665/0001193125-26-344665-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1377630/000119312526344665/ncmi-20260811.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-11T20:13:15.705041+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}