secwatch.observer — SEC 8-K summary
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Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K/A
Filed at:   2021-07-16T23:59:59+00:00
Accession:  0001595974-21-000048
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnite completes SpotX acquisition for ~$1.2B; pro forma 2020 net loss $139M on $407M revenue
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- Total purchase price ~$1.2B: $640M cash + 12,374,315 shares of MGNI common stock.
- Financed via $400M 0.25% convertible senior notes due 2026 and $360M term loan (net $325M).
- Pro forma combined 2020 revenue $407M, operating loss $154M, net loss $139M.
- Goodwill of $816M and intangible assets of $431M recorded from acquisition accounting.
- Working capital estimate of ~$65.5M added to purchase price; final adjustments pending.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000159597421000048/0001595974-21-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000159597421000048/mgni-20210430.htm
  HTML page:      https://secwatch.observer/filing/0001595974-21-000048

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