---
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"
generated_at: "2026-06-24T17:32:27.720966+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NerdWallet completes $120M acquisition of On the Barrelhead

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 2.03, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001625278-22-000105
- JSON: https://secwatch.observer/filing/0001625278-22-000105.json
- Plain text: https://secwatch.observer/filing/0001625278-22-000105.txt

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