Abacus Life acquires Carlisle Management for ~$200M, adding up to $2B AUM

Abacus Global Management, Inc.

Purchase price ~$200M: 62.3% in Abacus common stock at $13.05/sh (9.3M shares) and 37.7% in 9.875% senior notes.
Carlisle is a Luxembourg-based life settlement manager with ~$2.0B AUM; CSSF regulatory non-objection required.
Stock lockup: 50% until July 3, 2025; remaining 50% until Jan 3, 2026; standstill for 12 months post-close.
Expected close by April 18, 2025, extendable 90 days for regulatory approvals; escrow of 10% of purchase price for 18 months.
Deal accelerates ABL Wealth division expansion; Carlisle CEO Jose Garcia and team will join Abacus.

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