secwatch.observer — SEC 8-K summary
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Issuer:     Sweetgreen, Inc. (SG)
CIK:        0001477815
Form:       8-K
Filed at:   2026-01-05T23:59:59+00:00
Accession:  0001628280-26-000636
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sweetgreen completes sale of Spyce (Infinite Kitchen) to Wonder for $186.4M
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- Total consideration: $100M cash + $86.4M in Wonder Series C preferred stock (implied value).
- Pro forma gain on disposal of ~$160M; net assets disposed were $23.1M.
- Sweetgreen will continue using Infinite Kitchen under long-term supply and services agreement.
- Spyce was acquired in 2021 for ~$70M; Infinite Kitchen now in 20+ locations.
- Transaction allows Sweetgreen to focus on core restaurant operations and growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477815/000162828026000636/0001628280-26-000636-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477815/000162828026000636/sg-20251229.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-000636

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