M&A - Toro CombineCo, Inc.

Form Type: 10-Q

Filing Date: 2025-07-14

Corporate Action: Merger

Type: New

Accession Number: 000095017025095465

Filing Summary: TechTarget, Inc. filed this Form 10-Q for the quarterly period ended March 31, 2025. The document includes a detailed financial analysis, reporting significant losses primarily due to the impairment of goodwill totaling $459.1 million resulting from recent transactions. The company saw a revenue increase from $58.7 million in Q1 2024 to $103.9 million in Q1 2025. However, the total operating expenses surged significantly due to costs associated with acquisition and integration related to the merger with Informa’s digital business. The balance sheet reflects considerable reduction in total assets from $2.27 billion to $1.51 billion, primarily due to changes in cash and goodwill. The document addresses legal proceedings, risk factors, and management's discussion and analysis, in addition to the financial statements, showcasing the company's effort to provide clarity on its performance post-merger with Informa. It also details stockholder equity, discussing the issuance of common stock, which reflects changes following the merger, marking a shift in the company's structure and operations following important M&A activity.