secwatch.observer — SEC 8-K summary
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Issuer:     DigitalOcean Holdings, Inc. (DOCN)
CIK:        0001582961
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001582961-23-000023
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DigitalOcean acquires Paperspace for $111M cash to expand AI/ML offerings
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- Acquired Paperspace for $111M in cash; expected immaterial impact on 2023 results.
- Reaffirmed Q2 revenue guidance; expects to exceed adjusted EBITDA margin and non-GAAP EPS guidance.
- Stock repurchase: $370M used of $500M program; 10.57M shares repurchased at avg $35.00; 88.6M shares outstanding.
- Paperspace provides GPU infrastructure for AI/ML, simplifying access for SMBs and startups.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582961/000158296123000023/0001582961-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582961/000158296123000023/docn-20230706.htm
  HTML page:      https://secwatch.observer/filing/0001582961-23-000023

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