secwatch.observer — SEC 8-K summary
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Issuer:     CaliberCos Inc. (CWD)
CIK:        0001627282
Form:       8-K
Filed at:   2023-07-07T23:59:59+00:00
Accession:  0001627282-23-000018
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CaliberCos subsidiary signs contribution agreement for nine hotels at 10.5x 2025E EBITDA + $7.5M
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- Nine hotel properties to be contributed into Caliber Hospitality for cash and/or OP Units.
- Aggregate consideration = contributed entities' estimated 2025 EBITDA × 10.5x plus $7.5M.
- Closing expected by end of Q3 2023; subject to customary conditions, including IPO-related repurchase rights.
- Post-closing, LTD Entities can require repurchase of OP Units at $10/unit if no IPO within 36 months.
- CaliberCos Inc. (CWD) is the parent; contribution structured through wholly-owned subsidiary Caliber Hospitality Trust.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1627282/000162728223000018/0001627282-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1627282/000162728223000018/cwd-20230630.htm
  HTML page:      https://secwatch.observer/filing/0001627282-23-000018

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