secwatch.observer — SEC 8-K summary
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Issuer:     DigitalBridge Group, Inc. (DBRG)
CIK:        0001679688
Form:       8-K
Filed at:   2022-04-18T23:59:59+00:00
Accession:  0001679688-22-000040
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679688/000167968822000040/0001679688-22-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679688/000167968822000040/dbrg-20220414.htm
  HTML page:      https://secwatch.observer/filing/0001679688-22-000040

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