--- schema_version: "secwatch.filing_event.v1" accession: "0001628280-24-006447" form_type: "8-K" ticker: "ALTI" cik: "0001838615" company_name: "AlTi Global, Inc." filed_at: "2024-02-23T23:59:59+00:00" generated_at: "2026-06-05T17:26:03.301876+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.8 calibrated_materiality_score: 0.8 confidence: "high" source: SEC EDGAR --- # AlTi Global secures up to $400M in private placements with Allianz and Constellation ## Summary - Allianz invests $250M: $140M Series A Preferred (9.75% div.), $110M common at $5.69/sh, warrants for 5M shares at $7.40. - Constellation Wealth invests $115M in Series C Preferred, with option for additional $35M; warrants for 1.53M shares initially. - Proceeds to fund strategic international acquisitions; closings targeted for Q1/Q2 2024, subject to regulatory and stockholder approvals. - Allianz to nominate two of nine board directors; three-year lock-up on common shares; standstill and preemptive rights. - Stockholders must approve 20% issuance and charter amendment to authorize non-voting Class C common for ownership cap compliance. ## SEC filing metadata - accession: 0001628280-24-006447 - form_type: 8-K - ticker: ALTI - cik: 0001838615 - company_name: AlTi Global, Inc. - filed_at: 2024-02-23T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.8 - calibrated_materiality_score: 0.8 - confidence: high - sec_items: 1.01, 3.02, 3.03, 5.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1838615/000162828024006447/0001628280-24-006447-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838615/000162828024006447/alti-20240222.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001628280-24-006447 - JSON: https://secwatch.observer/filing/0001628280-24-006447.json - Plain text: https://secwatch.observer/filing/0001628280-24-006447.txt ## Key facts - Governance Changes AlTi Global, Inc.: Company intends to file proxy statement to seek stockholder approval of amendments to the amended and restated certificate of incorporation as part of Allianz and Constellation transactions. - Change: charter amendment source text: The Company will execute and file the Series A Certificate of Designations, the Series B Certificate of Designations and the Series C Certificate of Designations to create the Series A Preferred Stock, the Series B Preferred Stock and the Series C Preferred Stock, respectively that will be issued as part of the Allianz Transaction and the Constellation Transaction. evidence_url: https://www.sec.gov/Archives/edgar/data/1838615/000162828024006447/0001628280-24-006447-index.htm - Material Agreements AlTi Global, Inc. entered into Supplemental Investment Agreement with Allianz Strategic Investments S.à.r.l. valued at $50,000,000. - Action: entry - Agreement: equity purchase - Counterparty: Allianz Strategic Investments S.à.r.l. - Value: $50,000,000 source text: In addition, the Company entered into a Supplemental Series A Preferred Stock Investment Agreement with Allianz (the “ Supplemental Investment Agreement ”), pursuant to which, for purposes of funding one or more strategic international acquisitions by the Company or its subsidiaries, Allianz is permitted, at its option, to purchase additional shares of Series A Preferred Stock up to an aggregate amount equal to $50,000,000. evidence_url: https://www.sec.gov/Archives/edgar/data/1838615/000162828024006447/0001628280-24-006447-index.htm - Material Agreements AlTi Global, Inc. entered into Constellation Investment Agreement with CWC AlTi Investor LLC valued at $115 million (effective 2024-02-22). - Action: entry - Agreement: equity purchase - Counterparty: CWC AlTi Investor LLC - Value: $115 million - Effective: 2024-02-22 source text: Concurrently with the Company’s execution of the Allianz Investment Agreement, the Company entered into an Investment Agreement (the “ Constellation Investment Agreement ”) with CWC AlTi Investor LLC, an affiliate of Constellation Wealth Capital, LLC (“ Constellation ”), whereby, through a private placement of the Company’s securities, subject to the terms and conditions of the Constellation Investment Agreement, at the initial closing: (i) Constellation will purchase 115,000 shares of a newly created class of preferred stock to be designated Series C Cumulative Convertible Preferred Stock, with a liquidation preference of $1,000 per share (the “ Series C Preferred Stock ”), representing an initial investment equal to $115 million evidence_url: https://www.sec.gov/Archives/edgar/data/1838615/000162828024006447/0001628280-24-006447-index.htm - Material Agreements AlTi Global, Inc. entered into Allianz Investment Agreement with Allianz Strategic Investments S.à.r.l. valued at $250 million (effective 2024-02-22). - Action: entry - Agreement: equity purchase - Counterparty: Allianz Strategic Investments S.à.r.l. - Value: $250 million - Effective: 2024-02-22 source text: On February 22, 2024, AlTi Global, Inc., a Delaware corporation (the “ Company ”), entered into an Investment Agreement (the “ Allianz Investment Agreement ”) with Allianz Strategic Investments S.à.r.l., a Luxembourg private limited liability company (“ Allianz ”), whereby, through a private placement of the Company’s securities, subject to the terms and conditions of the Allianz Investment Agreement, at the closing: (i) Allianz will purchase in the aggregate $250 million of the Company’s capital securities evidence_url: https://www.sec.gov/Archives/edgar/data/1838615/000162828024006447/0001628280-24-006447-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.