secwatch.observer — SEC 8-K summary
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Issuer:     Abacus Global Management, Inc. (ABX)
CIK:        0001814287
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001628280-24-049186
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Abacus Life closes $100M public offering (12.5M shares at $8.00); $80M net to company
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- Offering of 12.5M shares: 10M primary (company) + 2.5M secondary (selling stockholders) at $8.00/share.
- Gross proceeds ~$100M; company receives ~$80M net after underwriting discounts and expenses.
- Selling stockholders received ~$20M; company will not receive any proceeds from secondary shares.
- Proceeds to be used for operations, life settlement policy purchases, working capital, acquisitions, and debt repayment.
- Underwriters led by Piper Sandler, TD Securities, KKR Capital Markets, B. Riley, SG Americas.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814287/000162828024049186/0001628280-24-049186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814287/000162828024049186/abl-20241121.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-049186

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