secwatch.observer — SEC 8-K summary
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Issuer:     Upland Software, Inc. (UPLD)
CIK:        0001505155
Form:       8-K
Filed at:   2022-01-10T23:59:59+00:00
Accession:  0001505155-22-000003
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upland Software acquires Objectif Lune for $34.3M total; expects $13M annual revenue, $5.2M EBITDA
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- Total consideration: $29.0M cash at closing plus $5.3M cash holdback payable in 12 months.
- Expected annual revenue of at least $13.0M, including at least $12.0M recurring revenue.
- Acquisition expected to generate at least $5.2M in Adjusted EBITDA annually and be immediately accretive.
- Contribution of at least $0.3M Adjusted EBITDA in Q1 2022 and at least $2.6M for full-year 2022.
- Deferred revenue discount estimated at $4.0M for remainder of 2022 and $1.0M for 2023 due to GAAP purchase accounting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505155/000150515522000003/0001505155-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505155/000150515522000003/upld-20220110.htm
  HTML page:      https://secwatch.observer/filing/0001505155-22-000003

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