---
schema_version: "secwatch.filing_event.v1"
accession: "0001679688-22-000040"
form_type: "8-K"
ticker: "DBRG"
cik: "0001679688"
company_name: "DigitalBridge Group, Inc."
filed_at: "2022-04-18T23:59:59+00:00"
generated_at: "2026-06-26T06:55:46.622386+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# DigitalBridge to acquire Wafra's 31.5% stake in IM unit for $800M; transitions to C-Corp

## Summary
- Considers 57.7M shares of DBRG common stock plus $390M cash, subject to closing adjustments.
- Earnout up to $125M based on $4B-$6B FEEUM raised by Dec 2023; 50% may be paid in stock.
- Deal boosts DigitalBridge's FRE share to 100%; expects ~$38M additional run-rate FRE (46% increase).
- Board approves transition to conventional C-Corp; company will not be REIT in 2022.
- Wafra's CIO Adel Alderbas to serve as Senior Advisor for three years post-close.

## SEC filing metadata
- accession: 0001679688-22-000040
- form_type: 8-K
- ticker: DBRG
- cik: 0001679688
- company_name: DigitalBridge Group, Inc.
- filed_at: 2022-04-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679688/000167968822000040/0001679688-22-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679688/000167968822000040/dbrg-20220414.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001679688-22-000040
- JSON: https://secwatch.observer/filing/0001679688-22-000040.json
- Plain text: https://secwatch.observer/filing/0001679688-22-000040.txt

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