secwatch.observer — SEC 8-K summary
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Issuer:     Shutterstock, Inc. (SSTK)
CIK:        0001549346
Form:       8-K/A
Filed at:   2024-10-03T23:59:59+00:00
Accession:  0001549346-24-000039
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shutterstock completes Envato acquisition for ~$250M; files financials with qualified audit opinion
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- Acquisition of Envato closed July 22, 2024 for approximately $250M in cash.
- Funding via new A&R Credit Agreement: $125M term loan + $250M revolver.
- Envato FY 2023 audited financials and interim periods filed; auditor's opinion qualified on missing comparative figures and IFRS 1 disclosures.
- Unaudited pro forma combined financials as of March 31, 2024 and FY 2023 filed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549346/000154934624000039/0001549346-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549346/000154934624000039/sstk-20240726.htm
  HTML page:      https://secwatch.observer/filing/0001549346-24-000039

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