---
schema_version: "secwatch.filing_event.v1"
accession: "0001454938-24-000149"
form_type: "8-K"
ticker: "TEAD"
cik: "0001454938"
company_name: "Teads Holding Co."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:45:40.838025+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Outbrain to acquire Teads for $725M cash plus stock; seller to own ~42%

## Summary
- Outbrain to pay $725M cash, issue 35M common shares and 10.5M Series A Preferred to acquire Teads.
- Seller (Altice Teads) to own ~42% of Outbrain (48% on conversion) post-close; gets $25M deferred cash.
- Debt financing committed: $100M revolver and $750M bridge facility from Goldman Sachs, Jefferies, Mizuho.
- Transaction expected to close Q1 2025, subject to stockholder approval and regulatory clearances.
- Seller gets board nomination rights: 2 directors until ownership drops below 25% voting power.

## SEC filing metadata
- accession: 0001454938-24-000149
- form_type: 8-K
- ticker: TEAD
- cik: 0001454938
- company_name: Teads Holding Co.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1454938/000145493824000149/0001454938-24-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1454938/000145493824000149/outbrain-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001454938-24-000149
- JSON: https://secwatch.observer/filing/0001454938-24-000149.json
- Plain text: https://secwatch.observer/filing/0001454938-24-000149.txt

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