secwatch.observer — SEC 8-K summary
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Issuer:     Teads Holding Co. (TEAD)
CIK:        0001454938
Form:       8-K/A
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0001454938-25-000012
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Outbrain completes Teads acquisition; pro forma revenue $1.08B for 9mo 2024, net loss $26M
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- Paid $625M cash + 43.75M shares; financed via $637.5M 10% senior secured notes due 2030.
- Pro forma 9mo 2024 rev $1.08B, net loss $26.2M; FY2023 rev $1.59B, net income $1.5M.
- Teads historical 9mo 2024 rev $428.5M, net income $19.7M; acquisition closed Feb 3, 2025.
- Pro forma goodwill $482.9M, intangible assets $393.8M from purchase price allocation.
- Combined assets $1.68B, liabilities $1.23B, equity $453.6M as of Sept 30, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1454938/000145493825000012/0001454938-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1454938/000145493825000012/outbrain-20250203.htm
  HTML page:      https://secwatch.observer/filing/0001454938-25-000012

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