Gogo Inc. Files 8-K for Material Definitive Agreement
Ticker: GOGO · Form: 8-K · Filed: Sep 24, 2024 · CIK: 1537054
Sentiment: neutral
Topics: material-definitive-agreement, financial-reporting
TL;DR
Gogo Inc. signed a big deal, filing it with the SEC on Sept 24.
AI Summary
On September 18, 2024, Gogo Inc. entered into a Material Definitive Agreement related to its financial statements and exhibits. The filing was made on September 24, 2024, and pertains to the company's common and preferred stock.
Why It Matters
This filing indicates a significant contractual development for Gogo Inc., potentially impacting its financial structure and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent business risks.
Key Players & Entities
- Gogo Inc. (company) — Registrant
- September 18, 2024 (date) — Date of earliest event reported
- September 24, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of incorporation
- 001-35975 (other) — Commission File Number
- 27-1650905 (other) — IRS Employer Identification No.
- 105 Edgeview Dr., Suite 300 (address) — Principal executive offices
- Broomfield, CO 80021 (address) — Principal executive offices
- 303-301-3271 (phone_number) — Registrant's telephone number
FAQ
What type of material definitive agreement did Gogo Inc. enter into?
The filing indicates an entry into a Material Definitive Agreement, and also lists 'Financial Statements and Exhibits' as an item information, suggesting the agreement is likely related to financial reporting or transactions.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on September 18, 2024.
What is Gogo Inc.'s principal executive office address?
Gogo Inc.'s principal executive offices are located at 105 Edgeview Dr., Suite 300, Broomfield, CO 80021.
What is Gogo Inc.'s Commission File Number?
Gogo Inc.'s Commission File Number is 001-35975.
What is the date of the report for this 8-K filing?
The date of the report for this 8-K filing is September 24, 2024.
Filing Stats: 677 words · 3 min read · ~2 pages · Grade level 12.8 · Accepted 2024-09-24 16:01:19
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 per share GOGO NASDAQ Global Select
- $52,500,000 — total guaranteed minimum commitment of $52,500,000 over a four-year term, with an option t
Filing Documents
- gogo-20240924.htm (8-K) — 38KB
- gogo-ex10_1.htm (EX-10.1) — 160KB
- 0000950170-24-109063.txt ( ) — 369KB
- gogo-20240924.xsd (EX-101.SCH) — 53KB
- gogo-20240924_htm.xml (XML) — 6KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On September 18, 2024, Gogo Inc. (the "Company") entered into an amendment (the "Amendment") to that certain OneWeb Distribution Partner Agreement by and between Gogo Business Aviation, LLC and Network Access Associates Limited ("Eutelsat OneWeb"), dated as of May 19, 2022 and as previously amended on October 5, 2022 (the "Original Agreement"). Pursuant to the Original Agreement, Gogo partners with Eutelsat OneWeb to utilize its global low earth orbit satellite network. Pursuant to the Amendment, Gogo has made a total guaranteed minimum commitment of $52,500,000 over a four-year term, with an option to extend. Following the initial term, the Amendment will automatically renew for successive one-year periods unless one party provides written notice of its intent not to renew, and either party may terminate the Amendment for breach or for insolvency rights. The Amendment also contains customary terms regarding confidentiality, indemnification and limitation of liability. The foregoing description of the Amendment is only a summary of the material terms thereof, does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 (1) Addendum 2 to OneWeb Distribution Partner Agreement by and between Gogo Business Aviation, LLC and Network Access Associates Limited, dated as September 18, 2024. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). (1) Portions of this exhibit have been omitted pursuant to Item 601(b)(10) of Regulation S-K. If requested by the Securities and Exchange Commission or its staff, the Company will promptly provide on a supplemental basis an unredacted copy of the exhibit and its materiality and privacy or confidentiality analyses.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. By: /s/ Crystal L. Gordon Crystal L. Gordon Executive Vice President, General Counsel, Chief Administrative Officer, and Secretary Date: September 24, 2024