secwatch.observer — SEC 8-K summary
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Issuer:     Groupon, Inc. (GRPN)
CIK:        0001490281
Form:       8-K
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0001490281-23-000131
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Groupon launches $80M rights offering at $11.30/share, fully backstopped by board affiliates
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- Rights offering of $80M gross proceeds; subscription price $11.30/share; backstop by Pale Fire Capital (affiliated with CEO and board member).
- Each right allows purchase of 0.222257 shares; distribution to holders of record as of Nov 20, 2023; expiration Jan 17, 2024.
- Conversion rate on 1.125% convertible notes due 2026 adjusted from 14.6800 to 15.6619 per $1,000 principal due to the offering.
- Company completed sale of ~11.7% of its 2.08% SumUp stake for $10.2M cash in late November 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490281/000149028123000131/0001490281-23-000131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490281/000149028123000131/grpn-20231121.htm
  HTML page:      https://secwatch.observer/filing/0001490281-23-000131

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