---
schema_version: "secwatch.filing_event.v1"
accession: "0001625278-22-000089"
form_type: "8-K"
ticker: "NRDS"
cik: "0001625278"
company_name: "NERDWALLET, INC."
filed_at: "2022-06-24T23:59:59+00:00"
generated_at: "2026-06-24T23:18:22.286064+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NerdWallet to acquire On the Barrelhead for ~$120M; expects Q3 2022 close

## Summary
- Total consideration ~$120M: $70M cash from existing credit facility + $50M in stock (VWAP $10.37/share, half subject to 2-year lock-up).
- On the Barrelhead had ~$38M revenue in 2021 (~90% YoY growth) and $5M net income; deal expected to be accretive to 2022 revenue and adjusted EBITDA.
- Closing expected in Q3 2022, subject to customary conditions; ~$30M bonus retention pool for OTB management.
- CEO Tim Chen awarded 239,507 RSUs and 598,768 stock options; 4-year vest beginning July 1, 2022.

## SEC filing metadata
- accession: 0001625278-22-000089
- form_type: 8-K
- ticker: NRDS
- cik: 0001625278
- company_name: NERDWALLET, INC.
- filed_at: 2022-06-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1625278/000162527822000089/0001625278-22-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1625278/000162527822000089/nrds-20220623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001625278-22-000089
- JSON: https://secwatch.observer/filing/0001625278-22-000089.json
- Plain text: https://secwatch.observer/filing/0001625278-22-000089.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.