secwatch.observer — SEC 8-K summary
======================================

Issuer:     DigitalOcean Holdings, Inc. (DOCN)
CIK:        0001582961
Form:       8-K
Filed at:   2022-09-08T23:59:59+00:00
Accession:  0001582961-22-000041
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DigitalOcean completes $350M cash acquisition of Cloudways, closing Sept 1, 2022
--------------------------------------------------------------------------------

- Acquired Cloudways Ltd. for $350M in cash, subject to customary purchase price adjustments.
- Acquisition broadens DigitalOcean's managed cloud hosting and SaaS capabilities for SMBs.
- CEO Yancey Spruill emphasized faster scaling and simplified cloud for builders.
- Transaction closed on September 1, 2022; press release issued September 8, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582961/000158296122000041/0001582961-22-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582961/000158296122000041/docn-20220901.htm
  HTML page:      https://secwatch.observer/filing/0001582961-22-000041

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