---
schema_version: "secwatch.filing_event.v1"
accession: "0001666071-23-000066"
form_type: "8-K"
ticker: "CDLX"
cik: "0001666071"
company_name: "Cardlytics, Inc."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:07:09.231013+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cardlytics Bridg earnout set at $208M; cash/stock payment due

## Summary
- 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.

## SEC filing metadata
- accession: 0001666071-23-000066
- form_type: 8-K
- ticker: CDLX
- cik: 0001666071
- company_name: Cardlytics, Inc.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1666071/000166607123000066/0001666071-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1666071/000166607123000066/cdlx-20230428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001666071-23-000066
- JSON: https://secwatch.observer/filing/0001666071-23-000066.json
- Plain text: https://secwatch.observer/filing/0001666071-23-000066.txt

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