---
schema_version: "secwatch.filing_event.v1"
accession: "0001454938-23-000042"
form_type: "8-K"
ticker: "TEAD"
cik: "0001454938"
company_name: "Teads Holding Co."
filed_at: "2023-04-17T23:59:59+00:00"
generated_at: "2026-06-17T01:19:15.064183+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Outbrain repurchases $118M of convertible notes at 19% discount, records $22M gain

## Summary
- Repurchased $118M principal of 2.95% Convertible Senior Notes due 2026 from Baupost for ~$96M cash.
- Effective discount of 19% to par; pre-tax gain of ~$22M to be recorded in Q2 2023.
- After cancellation, $118M of notes remain outstanding (half of original $236M issuance).
- CFO Jason Kiviat says repurchase reflects financial discipline and positive capital allocation.

## SEC filing metadata
- accession: 0001454938-23-000042
- form_type: 8-K
- ticker: TEAD
- cik: 0001454938
- company_name: Teads Holding Co.
- filed_at: 2023-04-17T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1454938/000145493823000042/0001454938-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1454938/000145493823000042/outbrain-20230413.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001454938-23-000042
- JSON: https://secwatch.observer/filing/0001454938-23-000042.json
- Plain text: https://secwatch.observer/filing/0001454938-23-000042.txt

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