secwatch.observer — SEC 8-K summary
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Issuer:     AlTi Global, Inc. (ALTI)
CIK:        0001838615
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0001628280-24-006447
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AlTi Global secures up to $400M in private placements with Allianz and Constellation
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838615/000162828024006447/0001628280-24-006447-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838615/000162828024006447/alti-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-006447

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer