other material
confidence high
sentiment neutral
materiality 0.75
Cardlytics Bridg earnout set at $208M; cash/stock payment due
Cardlytics, Inc.
- Independent Accountant set First Anniversary ARR at $23.2M, triggering $208.1M earnout payment.
- Company must pay at least 30% cash ($72.6M); remainder in cash or stock at $40.15/share.
- If choosing stock, $72.6M cash + 3.37M shares delivered (value $21.9M at Apr 28 close).
- Second Anniversary ARR estimated below threshold, resulting in $0 second earnout payment.
- Resolution ends dispute with Bridg Stockholder Representative over earnout calculation.