secwatch.observer — SEC 8-K summary
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Issuer:     AlTi Global, Inc. (ALTI)
CIK:        0001838615
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001628280-24-013316
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 3.02, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AlTi Global closes $115M initial investment from Constellation Wealth Capital, issues convertible preferred and warrants
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- Sold 115,000 Series C Convertible Preferred shares for $115M; issued warrants for 1,533,333 Class A common shares.
- Proceeds to fund M&A pipeline and organic growth; part of up to $450M strategic investment from Allianz X and CWC.
- Company may require additional $35M investment from CWC (May–Sept 2024) with warrants for 466,667 additional shares.
- Series C Preferred Stock terms include conversion rights and preferences as set in Certificate of Designations filed with Delaware.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838615/000162828024013316/0001628280-24-013316-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838615/000162828024013316/alti-20240327.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-013316

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