secwatch.observer — SEC 8-K summary
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Issuer:     Groupon, Inc. (GRPN)
CIK:        0001490281
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001628280-24-047241
Event type: debt
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.02, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Groupon exchanges $176M of 1.125% notes for 6.25% secured notes; Q3 rev $114.5M, net income $14.5M
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- Exchanged $176.26M of 1.125% 2026 notes for new 6.25% secured notes due 2027; raised $20M cash via $21M principal at 95%.
- Q3 revenue $114.5M (down 9% YoY); net income $14.5M vs. net loss $40.8M last year.
- Adjusted EBITDA $14.8M (down from $18.2M); cash $159.7M at quarter-end.
- North America active customers 10.2M (down 2% YoY); International active customers 5.3M (down 19% YoY).
- Conversion price ~$30/share (184% premium to 20-day VWAP); additional 2.5% interest if SumUp pledge not completed by Nov 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490281/000162828024047241/0001628280-24-047241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490281/000162828024047241/grpn-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-047241

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