secwatch.observer — SEC 8-K summary
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Issuer:     Appgate, Inc. (—)
CIK:        0001353538
Form:       8-K
Filed at:   2024-07-03T23:59:59+00:00
Accession:  0001628280-24-030983
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.02, 1.03, 3.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Appgate emerges from Chapter 11 with no debt, common stock cancelled, new financing from Magnetar
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- Plan effective July 2, 2024; all common stock cancelled with no value; company becomes private.
- No corporate debt outstanding post-emergence; additional equity financing secured from Magnetar.
- Company filed post-effective amendment to Form S-8; intends to file Form 15 to deregister common stock.
- Appgate launched SDP 6.3 with AI risk engine and new malware analysis service; won DoD deal.
- Lead investors become majority equity owners; Kirkland & Ellis and Portage Point advised.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1353538/000162828024030983/0001628280-24-030983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1353538/000162828024030983/apgt-20240702.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-030983

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