{"schema_version":"secwatch.filing_event.v1","accession":"0001549346-23-000035","form_type":"8-K/A","ticker":"SSTK","cik":"0001549346","company_name":"Shutterstock, Inc.","filed_at":"2023-08-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.267093+00:00","generated_at":"2026-06-11T01:10:45.976218+00:00","sec_items":["2.01","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Shutterstock discloses Giphy's FY2022 financials: $94.4M net loss, no revenue, going concern doubts","bullets":["Giphy's audited FY2022: net loss $94.4M, operating cash flow -$56.1M, accumulated deficit $405M.","Giphy had no external revenue since Meta acquisition in July 2020; relied on Meta for funding.","Purchase price $53M net cash; pro forma combined financials furnished as Exhibit 99.3.","Ernst & Young audit includes going concern paragraph citing recurring losses and capital deficiency.","As of Dec 31, 2022: Giphy total assets $14.9M, total liabilities $14.2M, stockholder's equity $646K."],"urls":{"canonical":"https://secwatch.observer/filing/0001549346-23-000035","json":"https://secwatch.observer/filing/0001549346-23-000035.json","markdown":"https://secwatch.observer/filing/0001549346-23-000035.md","text":"https://secwatch.observer/filing/0001549346-23-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1549346/000154934623000035/0001549346-23-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1549346/000154934623000035/sstk-20230830.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T01:10:45.976218+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"049903a0a15a48fdf9117f3afd5e022788c09c6f","claim":"Shutterstock, Inc. completed an acquisition involving Meta Platforms, Inc. for $53 million in net cash, in addition to cash acquired, assumed debt and other working capital adjustments (closed 2023-06-23).","evidence_excerpt":"has sold, and the Company has purchased, all of the issued and outstanding capital stock of Giphy. The consideration payable by the Company pursuant to the Purchase Agreement is $53 million in net cash, in addition to cash acquired, assumed debt and other working capital adjustments. This Form 8-K/A has been filed to amend and supplement the Form 8-K to provide the","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1549346/000154934623000035/0001549346-23-000035-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Meta Platforms, Inc."},{"label":"Consideration","value":"$53 million in net cash, in addition to cash acquired, assumed debt and other working capital adjustments"},{"label":"Closing","value":"2023-06-23"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}