Ambac Financial Group Files 8-K
Ticker: OSG · Form: 8-K · Filed: Sep 17, 2024 · CIK: 874501
| Field | Detail |
|---|---|
| Company | Ambac Financial Group Inc (OSG) |
| Form Type | 8-K |
| Filed Date | Sep 17, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $278 m, $249 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulatory-filing, financial-statements
Related Tickers: AMBC
TL;DR
AMBC filed an 8-K with exhibits, no major news.
AI Summary
On September 17, 2024, Ambac Financial Group, Inc. filed a Form 8-K to report financial statements and exhibits. The filing does not contain specific transactional details or financial figures beyond the reporting date and company information.
Why It Matters
This filing serves as a notification to the SEC and investors about the submission of financial statements and exhibits, which are crucial for transparency and regulatory compliance.
Risk Assessment
Risk Level: low — The filing is a routine regulatory submission and does not contain new material information that would immediately impact the company's risk profile.
Key Players & Entities
- Ambac Financial Group, Inc. (company) — Registrant
- September 17, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of incorporation
- One World Trade Center (location) — Principal executive offices address
- New York (location) — City of principal executive offices
FAQ
What is the primary purpose of this Form 8-K filing by Ambac Financial Group, Inc.?
The primary purpose of this Form 8-K filing is to report financial statements and exhibits as of September 17, 2024.
What is the exact name of the company filing this report?
The exact name of the company is Ambac Financial Group, Inc.
In which state was Ambac Financial Group, Inc. incorporated?
Ambac Financial Group, Inc. was incorporated in Delaware.
What is the address of Ambac Financial Group, Inc.'s principal executive offices?
The address of Ambac Financial Group, Inc.'s principal executive offices is One World Trade Center, New York, NY 10007.
Does this filing contain any information about recent material events or transactions?
This filing is primarily for the submission of financial statements and exhibits and does not detail specific recent material events or transactions within the provided text.
Filing Stats: 803 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2024-09-17 16:25:24
Key Financial Figures
- $0.01 — ich registered Common stock, par value $0.01 per share AMBC New York Stock Exchange
- $278 m — or total consideration of approximately $278 million, of which approximately $249 mill
- $249 million — ly $278 million, of which approximately $249 million was paid in cash and the remainder of w
Filing Documents
- ambc-20240917.htm (8-K) — 37KB
- a04-080ex991.htm (EX-99.1) — 292KB
- a04-080ex992.htm (EX-99.2) — 590KB
- 0000874501-24-000211.txt ( ) — 1125KB
- ambc-20240917.xsd (EX-101.SCH) — 2KB
- ambc-20240917_def.xml (EX-101.DEF) — 14KB
- ambc-20240917_lab.xml (EX-101.LAB) — 25KB
- ambc-20240917_pre.xml (EX-101.PRE) — 15KB
- ambc-20240917_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (a) Financial Statements of Business Acquired. The unaudited condensed consolidated financial statements as of and for the six months ended June 30, 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 to this report and incorporated herein by reference. (b) Pro Forma Financial Information. The unaudited pro forma condensed 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 condensed combined balance sheet as of June 30, 2024 and the unaudited pro forma condensed combined statements of operations for the year ended December 31, 2023 and the six months ended June 30, 2024 and the notes related thereto, are filed as Exhibit 99.2 to this report and incorporated herein by reference. (d) Exhibits. The following exhibit is filed as part of this Current Report on Form 8-K: EXHIBIT INDEX Exhibit Number Exhibit Description 99.1 Unaudited condensed consolidated financial statements as of and for the six months ended June 30, 2024 and 2023. 99.2 Unaudited pro forma condensed combined financial information of the Company for the year ended December 31, 2023 and the six months ended June 30, 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 Document. 101.CAL XBRL Taxonomy Extension Calculation Linkbase Document. 101.LAB XBRL Taxonomy Extension Label Linkbase Document. 101.PRE XBRL Taxonomy Extension Presentation Linkbase Document. 101.DEF XBRL Taxonomy Extension Definition Linkbase Document. 104 Cover P
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: September 17, 2024 By: /s/ William J. White William J. White First Vice President, Secretary and Assistant General Counsel 3