secwatch.observer — SEC 8-K summary
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Issuer:     Abacus Global Management, Inc. (ABX)
CIK:        0001814287
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001814287-24-000045
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814287/000181428724000045/0001814287-24-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814287/000181428724000045/abl-20240718.htm
  HTML page:      https://secwatch.observer/filing/0001814287-24-000045

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