secwatch.observer — SEC 8-K summary
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Issuer:     Groupon, Inc. (GRPN)
CIK:        0001490281
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001490281-23-000117
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Groupon announces $80M backstopped rights offering; extends standstill with Pale Fire Capital
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- $80M rights offering at $11.30/sh, fully backstopped by Pale Fire Capital affiliate.
- Pale Fire Capital commits to exercise its rights and buy any unsubscribed shares.
- Standstill agreement extended to Dec 31, 2024; ownership cap lifted for shares acquired in offering.
- Company to nominate CEO Dusan Senkypl and board member Jan Barta for re-election at 2024 meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490281/000149028123000117/0001490281-23-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490281/000149028123000117/grpn-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001490281-23-000117

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