Ambac Financial Group Files 8-K

Ticker: OSG · Form: 8-K · Filed: Aug 2, 2024 · CIK: 874501

Ambac Financial Group Inc 8-K Filing Summary
FieldDetail
CompanyAmbac Financial Group Inc (OSG)
Form Type8-K
Filed DateAug 2, 2024
Risk Levellow
Pages3
Reading Time3 min
Key Dollar Amounts$0.01, $277.9 m, $248.6 million
Sentimentneutral

Sentiment: neutral

Topics: financial-statements, exhibits, sec-filing

Related Tickers: AMBC

TL;DR

AMBC filed an 8-K with updated financials, nothing major to see here yet.

AI Summary

Ambac Financial Group, Inc. filed an 8-K on August 2, 2024, reporting events as of August 1, 2024. The filing primarily concerns financial statements and exhibits, with no specific material events detailed in the provided text. The company is incorporated in Delaware and headquartered at One World Trade Center, New York, NY.

Why It Matters

This 8-K filing indicates that Ambac Financial Group, Inc. is providing updated financial statements and exhibits to the SEC, which is a standard regulatory requirement for public companies.

Risk Assessment

Risk Level: low — The filing is a routine 8-K for financial statements and exhibits, not indicating any immediate material adverse events.

Key Numbers

  • 1-10777 — Commission file number (SEC identifier for Ambac Financial Group, Inc.)
  • 13-3621676 — I.R.S. employer identification no. (Tax identification number for Ambac Financial Group, Inc.)

Key Players & Entities

  • Ambac Financial Group, Inc. (company) — Registrant
  • Delaware (jurisdiction) — State of incorporation
  • One World Trade Center (location) — Principal executive offices address
  • New York (location) — City of principal executive offices
  • 10007 (zip_code) — ZIP code of principal executive offices
  • 212-658-7470 (phone_number) — Registrant's telephone number

FAQ

What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to report financial statements and exhibits as of August 1, 2024.

When was this 8-K filing submitted to the SEC?

This 8-K filing was submitted to the SEC on August 2, 2024.

What is the state of incorporation for Ambac Financial Group, Inc.?

Ambac Financial Group, Inc. is incorporated in Delaware.

Where are Ambac Financial Group, Inc.'s principal executive offices located?

Ambac Financial Group, Inc.'s principal executive offices are located at One World Trade Center, New York, NY 10007.

Does this filing indicate any specific material events or changes for Ambac Financial Group, Inc.?

Based on the provided text, this filing primarily concerns financial statements and exhibits and does not detail any specific material events or changes.

Filing Stats: 866 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2024-08-02 17:12:45

Key Financial Figures

  • $0.01 — ich registered Common stock, par value $0.01 per share AMBC New York Stock Exchange
  • $277.9 m — as of the Closing Date of approximately $277.9 million, of which approximately $248.6 mi
  • $248.6 million — $277.9 million, of which approximately $248.6 million was paid in cash and the remainder was

Filing Documents

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (a) Financial Statements of Business Acquired. The audited consolidated financial statements of Beat for the years ended December 31, 2023 and 2022 and the unaudited consolidated financial statements as of and for the three months ended March 31, 2024 and 2023, prepared in accordance with accounting principles, standards and practices generally accepted in the United Kingdom, together with a reconciliation to U.S. GAAP, and the notes related thereto, are filed as Exhibit 99.1 and Exhibit 99.2, respectively, to this report and incorporated herein by reference. (b) Pro Forma Financial Information. The unaudited pro forma combined financial information of the Company, which give effect to the Beat Transaction and the previously announced disposition of 100% of the common stock of Ambac Assurance Corporation, include the unaudited pro forma combined balance sheet as of March 31, 2024 and the unaudited pro forma combined statements of operations for the year ended December 31, 2023 and the three months ended March 31, 2024 and the notes related thereto, are filed as Exhibit 99.3 to this report and incorporated herein by reference. (d) Exhibits. The following exhibits are filed as part of this Current Report on Form 8-K: EXHIBIT INDEX Exhibit Number Exhibit Description 23.1 Consent of Ernst & Young LLP, Auditors. 99.1 Audited financial statements of Beat Capital Partners Limited as of and for the years ended December 31, 2023 and 2022 99.2 Unaudited condensed consolidated financial statements as of and for the three months ended March 31, 2024 and 2023. 99.3 Unaudited pro forma combined financial information of the Company for the year ended December 31, 2023 and the three months ended March 31, 2024. 101.INS XBRL Instance Document - the instance document does not appear in the interactive Data File because its XBRL tags are embedded within the Inline XBRL document. 101.SCH XBRL Taxonomy Extension Schema Do

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. Ambac Financial Group, Inc. (Registrant) Dated: August 2, 2024 By: /s/ Stephen M. Ksenak Stephen M. Ksenak Senior Managing Director, General Counsel and Assistant Secretary 3

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