Kaspi.kz Signs Stock Purchase Agreement
Ticker: KSPI · Form: 6-K · Filed: Oct 18, 2024 · CIK: 1985487
| Field | Detail |
|---|---|
| Company | Joint Stock Co Kaspi.Kz (KSPI) |
| Form Type | 6-K |
| Filed Date | Oct 18, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $1,127 m, $600.0 million, $526.9 million, $75.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, agreement
TL;DR
Kaspi.kz just signed a stock purchase deal, details to come.
AI Summary
On October 17, 2024, Joint Stock Company Kaspi.kz entered into a Stock Purchase Agreement to acquire certain assets. The filing does not disclose the specific assets being acquired or the dollar amount of the transaction.
Why It Matters
This agreement signifies a potential expansion or strategic move for Kaspi.kz, which could impact its market position and future growth.
Risk Assessment
Risk Level: medium — The lack of specific details regarding the acquisition, such as the target company, assets, and financial terms, introduces uncertainty.
Key Players & Entities
- Joint Stock Company Kaspi.kz (company) — Buyer in the Stock Purchase Agreement
- October 17, 2024 (date) — Signing Date of the Agreement
FAQ
What specific assets is Kaspi.kz acquiring through this Stock Purchase Agreement?
The filing does not specify the exact assets being acquired in the Stock Purchase Agreement.
Who are the selling stockholders involved in the agreement?
The filing refers to 'the selling stockholders identified therein' but does not name them.
What is the financial value or dollar amount of this Stock Purchase Agreement?
The filing does not disclose the financial terms or the dollar amount of the transaction.
When was the Stock Purchase Agreement officially signed?
The Stock Purchase Agreement was signed on October 17, 2024.
What is the legal structure and place of incorporation for Kaspi.kz?
Kaspi.kz is a joint stock company incorporated under the laws of Kazakhstan.
Filing Stats: 1,842 words · 7 min read · ~6 pages · Grade level 17.3 · Accepted 2024-10-18 06:03:00
Key Financial Figures
- $1,127 m — ion with the Agreement is approximately $1,127 million, payable in two tranches: (i) Clo
- $600.0 million — ches: (i) Closing Cash Consideration of $600.0 million in the form of cash payable to the Sell
- $526.9 million — and (ii) Deferred Cash Consideration of $526.9 million in the form of cash payable to the Sell
- $75.0 million — other party a termination fee equal to $75.0 million if the Agreement is terminated (i) in t
Filing Documents
- kaspi.kz_form_6-k_oct_18.htm (6-K) — 44KB
- kspi-ex99_1.htm (EX-99.1) — 1278KB
- kspi-ex99_2.htm (EX-99.2) — 39KB
- img18965733_0.jpg (GRAPHIC) — 6KB
- 0000950170-24-115440.txt ( ) — 1370KB
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, thereunto duly authorized. Joint Stock Company Kaspi.kz October 18, 2024 By: /s/ Tengiz Mosidze Name: Tengiz Mosidze Title: Chief Financial Officer EXHIBIT INDEX The following exhibit is furnished as part of this Form 6-K: No. Description 99.1 Stock Purchase Agreement dated as of October 17, 2024, by and among Joint Stock Company Kaspi.kz and the Sellers listed therein. 99.2 Joint Press Release of the Buyer and the Sellers dated October 18, 2024 and titled “e-Commerce champions join forces: Kaspi.kz to become controlling shareholder in Türkiye’s Hepsiburada.”