Miami International Holdings Terminates Material Agreement
Ticker: MIAX · Form: 8-K · Filed: Aug 19, 2025 · CIK: 1438472
Sentiment: neutral
Topics: material-agreement-termination, 8-k
TL;DR
MIAMI INTERNATIONAL HOLDINGS terminated a key deal on 8/18. Details TBD.
AI Summary
Miami International Holdings, Inc. filed an 8-K on August 19, 2025, to report the termination of a material definitive agreement. The filing does not specify the counterparty or the nature of the agreement, only that it was terminated on August 18, 2025.
Why It Matters
The termination of a material definitive agreement can signal significant changes in a company's operations, partnerships, or financial arrangements, potentially impacting its future business trajectory.
Risk Assessment
Risk Level: medium — Termination of a material definitive agreement can indicate underlying issues or strategic shifts that may pose risks to the company's financial health or operational stability.
Key Players & Entities
- Miami International Holdings, Inc. (company) — Registrant
- August 18, 2025 (date) — Date of earliest event reported
- August 19, 2025 (date) — Filing date
- 7 Roszel Road, Suite 1A Princeton, New Jersey 08540 (address) — Principal Executive Offices
FAQ
What specific material definitive agreement was terminated by Miami International Holdings, Inc.?
The filing does not specify the name or details of the material definitive agreement that was terminated.
Who was the counterparty to the terminated material definitive agreement?
The filing does not disclose the identity of the other party involved in the terminated agreement.
What was the effective date of the termination of the material definitive agreement?
The material definitive agreement was terminated as of August 18, 2025.
What is the business of Miami International Holdings, Inc.?
Miami International Holdings, Inc. is classified under 'SECURITY BROKERS, DEALERS & FLOTATION COMPANIES' with SIC code 6211.
When was Miami International Holdings, Inc. incorporated?
The company is incorporated in Delaware.
Filing Stats: 467 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2025-08-19 16:16:34
Key Financial Figures
- $0.001 — ange on which registered Common stock, $0.001 par value per share MIAX New York Stock
- $178.5 million — e amount repaid by the Company included $178.5 million of outstanding indebtedness plus accrue
Filing Documents
- miax-8xkrepayment.htm (8-K) — 19KB
- 0001438472-25-000003.txt ( ) — 20KB
02. Termination of a Material Definitive Agreement
Item 1.02. Termination of a Material Definitive Agreement. On August 18, 2025, Miami International Holdings, Inc. (the " Company ") terminated the Loan Agreement (as amended, the " 2029 Senior Secured Loan Agreement ") with Skylight Aggregator, L.P., an affiliate of Warburg Pincus, in its capacity as the initial lender and administrative agent. The amount repaid by the Company included $178.5 million of outstanding indebtedness plus accrued and unpaid interest, the related premium, and fees. As a result of the termination, all credit commitments under the 2029 Senior Secured Loan Agreement were terminated and all security interests and guarantees executed in connection with the 2029 Senior Secured Loan Agreement were released.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date August 19, 2025 Miami International Holdings, Inc. By s Thomas P. Gallagher Thomas P. Gallagher Chairman and Chief Executive Office