---
schema_version: "secwatch.filing_event.v1"
accession: "0001454938-24-000211"
form_type: "8-K"
ticker: "TEAD"
cik: "0001454938"
company_name: "Teads Holding Co."
filed_at: "2024-11-26T23:59:59+00:00"
generated_at: "2026-05-29T17:46:22.724694+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Outbrain supplements proxy disclosures for Teads acquisition amid stockholder lawsuits

## Summary
- Received demand letters and two NY Supreme Court complaints alleging incomplete proxy disclosures for Teads deal.
- Outbrain denies allegations but voluntarily adds details about M&A committee, Goldman Sachs fees, and forecasts.
- Goldman Sachs gets $10M transaction fee (up to $5M credit from financing fees); total financing-related fees ~$14.5M.
- Goldman Sachs DCF analysis for Teads: terminal unlevered FCF of $126M (no synergies) or $210M (with synergies).
- Combined company present value range: $2.87-$10.56 per share; Outbrain standalone range: $3.16-$4.88 per share.

## SEC filing metadata
- accession: 0001454938-24-000211
- form_type: 8-K
- ticker: TEAD
- cik: 0001454938
- company_name: Teads Holding Co.
- filed_at: 2024-11-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1454938/000145493824000211/0001454938-24-000211-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1454938/000145493824000211/outbrain-20241126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001454938-24-000211
- JSON: https://secwatch.observer/filing/0001454938-24-000211.json
- Plain text: https://secwatch.observer/filing/0001454938-24-000211.txt

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