secwatch.observer — SEC 8-K summary
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Issuer:     Live Oak Bancshares, Inc. (LOB)
CIK:        0001462120
Form:       8-K
Filed at:   2025-08-19T23:59:59+00:00
Accession:  0001462120-25-000077
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Live Oak Bancshares expects $20-25M pre-tax gain from Apiture sale to CSI
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- Live Oak Banking Co., a subsidiary, holds an investment in Apiture, which is being acquired by Computer Services Inc. (CSI).
- Expected pre-tax gain of $20M to $25M from merger consideration, subject to closing price adjustments.
- After transaction closes, Live Oak will stop recognizing pass-through losses from the Apiture investment.
- Transaction is subject to customary regulatory approvals and closing conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462120/000146212025000077/0001462120-25-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462120/000146212025000077/lob-20250819.htm
  HTML page:      https://secwatch.observer/filing/0001462120-25-000077

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