secwatch.observer — SEC 8-K summary
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Issuer:     Abacus Global Management, Inc. (ABX)
CIK:        0001814287
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0001814287-24-000068
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Abacus Life completes acquisition of Carlisle Management, adds ~$2B AUM, pays 9.2M shares and $72.7M notes
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- Consideration: 9,213,735 Abacus common shares and $72.7M principal of 9.875% Senior Notes due 2028.
- Carlisle is a Luxembourg-based life settlement fund manager with over $2B in assets under management.
- Jose Garcia, Carlisle CEO, joins Abacus Life's executive leadership team.
- 10% of consideration held in escrow for 18 months for purchase price adjustment and indemnification.
- Sellers subject to lockup until July 3, 2025, with transfer limitations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814287/000181428724000068/0001814287-24-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814287/000181428724000068/abl-20241202.htm
  HTML page:      https://secwatch.observer/filing/0001814287-24-000068

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