M&A - Stagwell Inc

Form Type: 8-K

Filing Date: 2024-12-30

Corporate Action: Acquisition

Type: New

Accession Number: 000110465924132505

Filing Summary: On December 23, 2024, Stagwell Inc. entered into an agreement to acquire a digital strategy and communications company. As part of the transaction, Stagwell will issue up to $4 million in shares of its Class A common stock. The deal includes contingent payments based on the Acquiree Company's financial performance over a two-year and four-year period post-closing. Stagwell may also pay portions of these contingent payments in stock. The stock issuance will be exempt from registration under Section 4(a)(2) of the Securities Act, with no cash proceeds to Stagwell or commissions paid to any person. This marks a strategic acquisition to enhance Stagwell's digital capabilities.

Document Link: View Document