secwatch.observer — SEC 8-K summary
======================================

Issuer:     National CineMedia, Inc. (NCMI)
CIK:        0001377630
Form:       8-K
Filed at:   2026-08-11T20:11:55+00:00
Accession:  0001193125-26-344665
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NCM Q2 revenue up 12.7% to $58.4M; to acquire Captivate for $275M
-----------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377630/000119312526344665/0001193125-26-344665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377630/000119312526344665/ncmi-20260811.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-344665

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