---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-020811"
form_type: "8-K"
ticker: "CDLX"
cik: "0001666071"
company_name: "Cardlytics, Inc."
filed_at: "2026-03-24T23:59:59+00:00"
generated_at: "2026-05-15T09:13:26.214466+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cardlytics completes sale of Bridg platform to PAR Technology for 1.81M PAR shares

## Summary
- Closed Bridg asset sale to PAR on March 24, 2026; consideration of 1,810,222 shares of PAR common stock.
- Pro forma 2025 revenue of $212.3M (Bridg contributed $20.9M); pro forma net loss $91.5M vs historical $103.5M.
- Pro forma 2024 net loss improves to $40.4M from $189.3M, largely due to removal of Bridg goodwill impairment.
- Estimated gain on sale of $13.9M (after $1.6M transaction costs) to be recorded in Q1 2026.
- Bridg discontinued operations for all periods; pro forma adjusted EPS for 2025: -$1.72 vs -$1.95 reported.

## SEC filing metadata
- accession: 0001628280-26-020811
- form_type: 8-K
- ticker: CDLX
- cik: 0001666071
- company_name: Cardlytics, Inc.
- filed_at: 2026-03-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1666071/000162828026020811/0001628280-26-020811-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1666071/000162828026020811/cdlx-20260324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-020811
- JSON: https://secwatch.observer/filing/0001628280-26-020811.json
- Plain text: https://secwatch.observer/filing/0001628280-26-020811.txt

## Source-grounded claims
- claim_id: 4a4eee750229d13e467df913a9f44e06771dd523
  claim: Cardlytics, Inc. completed a disposition involving PAR Technology Corporation (closed 2026-03-24).
  evidence_excerpt: On March 24, 2026 (the “Closing Date”), the Company, PAR and Buyer completed the Bridg Sale.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1666071/000162828026020811/0001628280-26-020811-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.