AlTi closes $250M strategic investment from Allianz X, with option for additional $50M

AlTi Global, Inc.

Allianz X invests $250M for Series A preferred stock, common stock, and warrants; total potential up to $300M.
Proceeds to fund M&A pipeline and organic growth, expanding wealth management and alternatives business.
Andreas Wimmer (Allianz SE board member) and Nazim Cetin (CEO of Allianz X) appointed to AlTi board.
Combined with earlier $150M from CWC, total strategic funding up to $450M.
Created Series A Cumulative Convertible Preferred Stock and issued warrants for 5M shares.

item 1.01 item 3.02 item 3.03 item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

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Appointed

Nazim Cetin

director

ALTI · AlTi Global, Inc.

Filed: July 31, 2024, 7:59 PM ET

Nazim Cetin and Andreas Wimmer were appointed as directors on the Board, as the Investor Designees, to serve until their respective terms and until their successors are elected and qualified, and the size of the Board was fixed at eight directors.

Appointed

Andreas Wimmer

director

ALTI · AlTi Global, Inc.

Filed: July 31, 2024, 7:59 PM ET

Nazim Cetin and Andreas Wimmer were appointed as directors on the Board, as the Investor Designees, to serve until their respective terms and until their successors are elected and qualified, and the size of the Board was fixed at eight directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Nazim Cetin was appointed as director at AlTi Global, Inc..

Action: appointed
Role: director

Exact text from the filing

Nazim Cetin and Andreas Wimmer were appointed as directors on the Board, as the Investor Designees, to serve until their respective terms and until their successors are elected and qualified, and the size of the Board was fixed at eight directors.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andreas Wimmer was appointed as director at AlTi Global, Inc..

Action: appointed
Role: director

Exact text from the filing

Nazim Cetin and Andreas Wimmer were appointed as directors on the Board, as the Investor Designees, to serve until their respective terms and until their successors are elected and qualified, and the size of the Board was fixed at eight directors.

View on SEC.gov

AlTi Global, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-033750

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