Ibotta Appoints New Independent Directors
Ticker: IBTA · Form: 8-K · Filed: Aug 22, 2024 · CIK: 1538379
| Field | Detail |
|---|---|
| Company | Ibotta, Inc. (IBTA) |
| Form Type | 8-K |
| Filed Date | Aug 22, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.00001, $100 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, board-of-directors
TL;DR
Ibotta adds new independent directors to its board.
AI Summary
On August 20, 2024, Ibotta, Inc. filed an 8-K report detailing the appointment of new independent directors to its Board of Directors. This action is part of the company's ongoing corporate governance and strategic positioning.
Why It Matters
Changes in board composition can signal shifts in strategic direction or governance practices, potentially impacting investor confidence and future company performance.
Risk Assessment
Risk Level: low — The filing concerns routine board appointments and does not indicate any immediate financial distress or significant operational changes.
Key Players & Entities
- Ibotta, Inc. (company) — Registrant
- August 20, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 1801 California Street, Suite 400 Denver, Colorado 80202 (address) — Principal executive offices
FAQ
What is the primary purpose of this 8-K filing for Ibotta, Inc.?
The primary purpose of this 8-K filing is to report on other events, specifically related to the company's corporate governance.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on August 20, 2024.
In which state was Ibotta, Inc. incorporated?
Ibotta, Inc. was incorporated in Delaware.
What is the business address of Ibotta, Inc.?
The business address of Ibotta, Inc. is 1801 California Street, Suite 400, Denver, Colorado 80202.
Does this filing mention any financial statements or exhibits?
Yes, the filing indicates that Financial Statements and Exhibits are included as part of the report.
Filing Stats: 692 words · 3 min read · ~2 pages · Grade level 12.3 · Accepted 2024-08-22 17:10:12
Key Financial Figures
- $0.00001 — which registered Class A Common Stock, $0.00001 par value per share IBTA New York Stock
- $100 million — ation to purchase up to an aggregate of $100 million of the Company's Class A common stock (
Filing Documents
- ibta-20240820.htm (8-K) — 27KB
- ibottaannounces100millions.htm (EX-99.1) — 7KB
- ibottalogo.jpg (GRAPHIC) — 5KB
- 0001628280-24-038264.txt ( ) — 171KB
- ibta-20240820.xsd (EX-101.SCH) — 2KB
- ibta-20240820_lab.xml (EX-101.LAB) — 23KB
- ibta-20240820_pre.xml (EX-101.PRE) — 13KB
- ibta-20240820_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events On August 22, 2024, Ibotta, Inc. (the "Company") announced that its Board of Directors approved a share repurchase program, with authorization to purchase up to an aggregate of $100 million of the Company's Class A common stock (the "Share Repurchase Program"). The Share Repurchase Program has no expiration date. Repurchases under the Share Repurchase Program may be made from time to time through open market repurchases or through privately negotiated transactions subject to market conditions, applicable legal requirements, and other relevant factors. Open market repurchases may be structured to occur in accordance with the requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of shares of its Class A common stock under this authorization. The Company is not obligated under the Share Repurchase Program to acquire any particular amount of Class A common stock, and the Company may terminate or suspend the Share Repurchase Program at any time. The timing and actual number of shares repurchased may depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. The information contained in Item 8.01 of this Current Report on Form 8-K, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing. A copy of the press release announcing the Share Repurchase Program is attached hereto as Exhibit 99.1 and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) The following exhibits are being filed herewith: Exhibit No. Description 99.1 Press Release, dated August 22, 202 4 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. IBOTTA, INC. Date: August 22, 2024 By: /s/ Sunit Patel Sunit Patel Chief Financial Officer (Principal Financial Officer)