secwatch.observer — SEC 8-K summary
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Issuer:     Cardlytics, Inc. (CDLX)
CIK:        0001666071
Form:       8-K
Filed at:   2026-03-24T23:59:59+00:00
Accession:  0001628280-26-020811
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666071/000162828026020811/0001628280-26-020811-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666071/000162828026020811/cdlx-20260324.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-020811

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