secwatch.observer — SEC 8-K summary
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Issuer:     Abacus Global Management, Inc. (ABX)
CIK:        0001814287
Form:       8-K
Filed at:   2023-12-29T23:59:59+00:00
Accession:  0001814287-23-000054
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Abacus Life amends lock-up agreements; 15% of shares unlock June 2024, 85% June 2025
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- Amendments to Sponsor Support and Company Support Agreements correct lock-up terms: 15% of shares free 12 months after close (June 30, 2024); remaining 85% free at 24 months (June 30, 2025).
- Private Warrant Standstill Agreement restricts East Sponsor and Lifebridge from exercising or transferring certain warrants during the stock repurchase program announced December 11, 2023.
- Amendments reflect original intent of parties and fix a scrivener's error in the prior agreements.
- Lock-up applies to holders including East Sponsor, LMA, Abacus Settlements, and named individuals T. Sean McNealy, K. Scott Kirby, Matthew A. Ganovsky, Jay Jackson.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814287/000181428723000054/0001814287-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814287/000181428723000054/abl-20231228.htm
  HTML page:      https://secwatch.observer/filing/0001814287-23-000054

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