secwatch / observer
8-K filed January 29, 2024, 6:59 PM ET ticker CDLX CIK 0001666071
litigation confidence high sentiment positive materiality 0.85

Cardlytics settles Bridg earnout dispute for $25M cash+3.6M shares; prelim Q4 adj. EBITDA beats guidance

Cardlytics, Inc.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cardlytics, Inc. reported preliminary financial results for fourth quarter ended December 31, 2023.

Period
fourth quarter ended December 31, 2023
Result
preliminary results
Exact text from the filing
The Company issued a press release announcing the Company's entry into the Settlement Agreement described above, as well as the Company's preliminary and unaudited financial results for the fourth quarter of 2023.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Cardlytics, Inc. entered into Settlement Agreement with Shareholder Representative Services LLC valued at $25.0 million in cash and 3.6 million shares (effective 2024-01-25).

Action
entry
Agreement
settlement
Counterparty
Shareholder Representative Services LLC
Value
$25.0 million in cash and 3.6 million shares
Effective
2024-01-25
Exact text from the filing
On January 25, 2024, Cardlytics, Inc. (the “Company”) and Shareholder Representative Services LLC (“SRS”) entered into a settlement agreement (the “Settlement Agreement”) resolving all disputes between the parties related to the Agreement and Plan of Merger dated as of April 12, 2021, as amended, by and among the Company, Bridg, Inc., Mr. T Merger Sub, Inc, and SRS (the “Merger Agreement”), including all disputes related to the First Anniversary Payment Amount and the Second Anniversary Payment Amount, which are the two earnout payments contemplated by the Merger Agreement.
View on SEC.gov

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Cardlytics, Inc. filing history →

Source: SEC EDGAR
accession 0001666071-24-000025
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