{"schema_version":"secwatch.filing_event.v1","accession":"0001625278-22-000105","form_type":"8-K","ticker":"NRDS","cik":"0001625278","company_name":"NERDWALLET, INC.","filed_at":"2022-07-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:56.400473+00:00","generated_at":"2026-06-24T17:32:27.720966+00:00","sec_items":["2.01","2.03","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NerdWallet completes $120M acquisition of On the Barrelhead","bullets":["Acquired OTB for ~$120M: $70M cash (borrowed) + $50M in NRDS Class A common stock (4,934,895 shares).","Cash portion financed via $70M borrowing under existing SVB credit facility at LIBOR+2.75% (4.54% at close).","Retention bonuses for OTB management: $15M cash over 3 years + $15M equity (RSUs).","Issued up to 1,998,531 RSUs to 14 former OTB employees as inducement under Nasdaq Rule 5635(c)(4).","OTB to integrate into NerdWallet’s platform; expected to enhance credit-driven product recommendations."],"urls":{"canonical":"https://secwatch.observer/filing/0001625278-22-000105","json":"https://secwatch.observer/filing/0001625278-22-000105.json","markdown":"https://secwatch.observer/filing/0001625278-22-000105.md","text":"https://secwatch.observer/filing/0001625278-22-000105.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1625278/000162527822000105/0001625278-22-000105-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1625278/000162527822000105/nrds-20220711.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T17:32:27.720966+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}