secwatch.observer — SEC 8-K summary
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Issuer:     SelectQuote, Inc. (SLQT)
CIK:        0001794783
Form:       8-K
Filed at:   2025-02-10T23:59:59+00:00
Accession:  0001794783-25-000008
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.02, 2.03, 3.02, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SelectQuote raises $350M via preferred stock, reports Q2 net income $53.2M
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- $350M aggregate investment from Morgan Stanley and Bain in Senior Non-Convertible Preferred Stock and warrants.
- Preferred stock has 14.5% dividend rate (subject to adjustments); warrants exercisable at $0.01 to $5.50 per share.
- Q2 FY2025 revenue $481.1M (+19% YoY); net income $53.2M (vs $19.4M YoY); Adjusted EBITDA $87.5M.
- FY2025 guidance: revenue $1.5B-$1.575B, Adjusted EBITDA $115M-$140M, net income (loss) ($24M)-$11M.
- Company amended credit agreement with Ares to permit partial prepayment and new interest terms; two new directors to be appointed from investors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794783/000179478325000008/0001794783-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794783/000179478325000008/slqt-20250210.htm
  HTML page:      https://secwatch.observer/filing/0001794783-25-000008

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