secwatch.observer — SEC 8-K summary
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Issuer:     Abacus Global Management, Inc. (ABX)
CIK:        0001814287
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001814287-24-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Abacus Life Q2 revenue doubles to $29.1M; announces two acquisitions adding ~$2.6B AUM
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- Total revenue $29.1M (up >100% YoY); GAAP net income $0.8M vs $6.8M; adjusted net income $11.8M (+75%).
- Adjusted EBITDA $16.7M (83% YoY growth); originations capital deployed $104.7M (up 75%).
- Post-quarter: entered agreement to acquire Carlisle Management (~$2B AUM) and FCF Advisors (~$600M AUM).
- Completed public equity offering with ~$90M gross proceeds in Q2; stock repurchased ~1.0M shares at avg $11.43.
- Cash and equivalents $91.3M; balance sheet policy assets $208.7M; debt $81.6M; ROIC 18%, ROE 18%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814287/000181428724000050/0001814287-24-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814287/000181428724000050/abl-20240812.htm
  HTML page:      https://secwatch.observer/filing/0001814287-24-000050

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