secwatch.observer — SEC 8-K summary
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Issuer:     Collective Audience, Inc. (—)
CIK:        0001854583
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001213900-24-018791
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Collective Audience to acquire BeOp for €2M in stock; Q2 2024 close expected
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- Acquisition of BeOp for €2 million in restricted common stock, subject to debt restructuring by Commercial Court of Paris (approx. 90 days).
- Earn-out of up to €200,000 in additional stock if BeOp achieves 2024-2025 revenue and EBITDA targets.
- BeOp reported 2023 revenue of US$3.7M, up 35% YoY; acquisition expected to be operationally EBITDA positive upon close.
- Interim license: exclusive North America rights for 90 days, with €150,000 payable in three monthly installments.
- BeOp founders appointed to Collective Audience's Advisor Collective; deal expected to close in Q2 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854583/000121390024018791/0001213900-24-018791-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854583/000121390024018791/ea0201020-8k_collective.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-018791

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