secwatch.observer — SEC 8-K summary
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Issuer:     Collective Audience, Inc. (—)
CIK:        0001854583
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001213900-24-065931
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Collective Audience acquires BeOp for ~3M shares; pro forma revenue >$7.5M
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- Issued 3,006,667 restricted shares for 100% of BeOp; 666,667 shares held back for 12 months pending indemnification.
- Earnout of €50,000 in CAUD stock if BeOp meets 2024/2025 revenue and EBITDA targets.
- BeOp 2023 revenue $3.7M (+35% YoY); combined pro forma revenue expected >$7.5M in 2024 with positive EBITDA.
- Lock-up: 6 months for external investors; 6 months (50%) and 12 months (50%) for management/employees.
- BeOp serves 200+ premium publishers and brands like Samsung, Coca Cola, Paramount, Tommy Hilfiger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854583/000121390024065931/0001213900-24-065931-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854583/000121390024065931/ea0210681-8k_collect.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-065931

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