secwatch.observer — SEC 8-K summary
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Issuer:     Altus Power, Inc. (—)
CIK:        0001828723
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001828723-22-000142
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altus Power Q3: rev $30.4M (+51%), Adj. EBITDA $19.4M (+66%); closes 88MW DESRI; 2022 EBITDA guidance near low-end
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- Revenue $30.4M (+51% YoY); Adj. EBITDA $19.4M (+66%); GAAP net loss $96.6M from $102M non-cash remeasurement loss.
- Closed purchase of ~88 MW solar from DESRI; $201M base price, $82M cash at close, $20M indemnity holdback.
- Obtained commitments for $200M revolving credit facility (5-year) to enhance liquidity; documentation pending.
- Redeemed all outstanding public/private warrants for 4,058,845 shares and $83K net cash proceeds.
- 2022 Adj. EBITDA guidance revised to near low-end of prior range; margin unchanged at mid-50%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828723/000182872322000142/0001828723-22-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828723/000182872322000142/amps-20221111.htm
  HTML page:      https://secwatch.observer/filing/0001828723-22-000142

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