Rimini Street, Inc. Files 8-K
Ticker: RMNI · Form: 8-K · Filed: Sep 25, 2024 · CIK: 1635282
| Field | Detail |
|---|---|
| Company | Rimini Street, Inc. (RMNI) |
| Form Type | 8-K |
| Filed Date | Sep 25, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $70.6 million, $14.5 million, $58.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-action, name-change
TL;DR
Rimini Street, Inc. (formerly GP Investments Acquisition Corp.) filed an 8-K on 9/25/24.
AI Summary
Rimini Street, Inc. filed an 8-K on September 25, 2024, reporting other events and financial statements. The filing indicates a change in the company's name from GP Investments Acquisition Corp. to Rimini Street, Inc. on February 27, 2015.
Why It Matters
This filing formally documents a significant corporate event, the name change, which is crucial for understanding the company's historical identity and current structure.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a past corporate name change and does not indicate new financial or operational risks.
Key Players & Entities
- Rimini Street, Inc. (company) — Registrant
- GP Investments Acquisition Corp. (company) — Former company name
- 20240925 (date) — Filing date
- 001-37397 (other) — SEC File Number
FAQ
What is the primary purpose of this 8-K filing?
This 8-K filing is primarily to report 'Other Events' and 'Financial Statements and Exhibits', specifically noting the company's name change from GP Investments Acquisition Corp. to Rimini Street, Inc.
When did the company officially change its name?
The company's name change from GP Investments Acquisition Corp. to Rimini Street, Inc. occurred on February 27, 2015.
What is the filing date of this 8-K report?
The filing date of this 8-K report is September 25, 2024.
What is the principal executive office address for Rimini Street, Inc.?
The principal executive office address is 1700 S. Pavilion Center Drive, Suite 330, Las Vegas, NV 89135.
What is the SEC file number for Rimini Street, Inc.?
The SEC file number for Rimini Street, Inc. is 001-37397.
Filing Stats: 923 words · 4 min read · ~3 pages · Grade level 12.5 · Accepted 2024-09-25 08:00:13
Key Financial Figures
- $0.0001 — ch registered: Common Stock, par value $0.0001 per share RMNI The Nasdaq Global Market
- $70.6 million — ' fees and costs totaling approximately $70.6 million relating to the Rimini II litigation. T
- $14.5 million — re owed, or, at the most, approximately $14.5 million. The District Court awarded Oracle appr
- $58.5 million — rict Court awarded Oracle approximately $58.5 million in attorneys' fees and costs, and the C
Filing Documents
- rmni-20240925.htm (8-K) — 36KB
- 0001635282-24-000165.txt ( ) — 194KB
- rmni-20240925.xsd (EX-101.SCH) — 2KB
- rmni-20240925_def.xml (EX-101.DEF) — 15KB
- rmni-20240925_lab.xml (EX-101.LAB) — 27KB
- rmni-20240925_pre.xml (EX-101.PRE) — 16KB
- rmni-20240925_htm.xml (XML) — 3KB
01 OTHER EVENTS
ITEM 8.01 OTHER EVENTS On September 23, 2024, the United States District Court for the District of Nevada (the "District Court") entered an order regarding the motion for attorneys' fees and costs filed on November 6, 2023 by Oracle America, Inc. and Oracle International Corp. (together, "Oracle") in Case Number 2:14-cv-01699-MMD-DJA ("Rimini II") filed by Rimini Street, Inc. (the "Company") against Oracle in 2014. In its motion, Oracle requested attorneys' fees and costs totaling approximately $70.6 million relating to the Rimini II litigation. The Company argued in its responsive filings that it did not believe any attorneys' fees and costs were owed, or, at the most, approximately $14.5 million. The District Court awarded Oracle approximately $58.5 million in attorneys' fees and costs, and the Company expects to pay Oracle the award on or before the due date of October 23, 2024. The Company respectfully disagrees with the District Court's award of attorneys' fees and costs to Oracle, and on September 24, 2024, the Company filed a notice of its appeal of the award. The Company reserves all rights, including appellate rights, with respect to the Rimini II litigation. All information in this Item 8.01 is presented as of the date of this Report and not any future date, and the Company does not undertake any obligation to, and disclaims any duty to, update any of the information provided. Please see the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, as filed with the United States Securities and Exchange Commission (the "SEC") on July 31, 2024, for additional information and disclosures relating to the Company's litigation with Oracle. Cautionary Note Regarding Forward-Looking Statements This Report includes forward-looking statements. All statements other than statements of historical facts contained in this Report, including statements regarding our business strategy and plans, are forward-looking statements. The words "ex
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. Exhibit No . Exhibit Title 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
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. RIMINI STREET, INC. Dated: September 25, 2024 By: /s/ Seth A. Ravin Name: Seth A. Ravin Title: President and Chief Executive Officer 2