---
schema_version: "secwatch.filing_event.v1"
accession: "0001805833-24-000004"
form_type: "8-K"
ticker: "SST"
cik: "0001805833"
company_name: "System1, Inc."
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:46:55.882956+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# System1 commences modified Dutch auction tender offer for up to $79.4M of term loans at 63%-70% discount

## Summary
- Tender offer to purchase up to $79.4M of outstanding term loans under Credit Agreement with Bank of America.
- Purchase price range: 63% to 70% of par (30%–37% discount to face value).
- Offer expires January 9, 2024 at 5:00 PM New York time; no minimum tender condition.
- Tender offer not subject to financing condition; conducted per Credit Agreement terms.

## SEC filing metadata
- accession: 0001805833-24-000004
- form_type: 8-K
- ticker: SST
- cik: 0001805833
- company_name: System1, Inc.
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805833/000180583324000004/0001805833-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805833/000180583324000004/sst-20240103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001805833-24-000004
- JSON: https://secwatch.observer/filing/0001805833-24-000004.json
- Plain text: https://secwatch.observer/filing/0001805833-24-000004.txt

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