AppLovin Corp. Enters Material Definitive Agreement
Ticker: APP · Form: 8-K · Filed: Mar 4, 2024 · CIK: 1751008
Sentiment: neutral
Topics: material-agreement, definitive-agreement
Related Tickers: APP
TL;DR
AppLovin just signed a big deal, details TBD.
AI Summary
AppLovin Corp. announced on February 29, 2024, that it entered into a Material Definitive Agreement. The filing does not provide specific details about the agreement, its counterparty, or any associated financial figures. Further information is expected to be disclosed in subsequent filings.
Why It Matters
This filing indicates a significant new business development for AppLovin Corp., which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in this 8-K filing creates uncertainty about the nature and implications of the material definitive agreement.
Key Players & Entities
- AppLovin Corp. (company) — Registrant
- February 29, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 1100 Page Mill Road (address) — Principal executive offices
- Palo Alto, California 94304 (address) — Principal executive offices
FAQ
What is the nature of the Material Definitive Agreement entered into by AppLovin Corp.?
The filing states that AppLovin Corp. entered into a Material Definitive Agreement on February 29, 2024, but does not provide specific details about its terms or subject matter.
Who is the counterparty to this Material Definitive Agreement?
The filing does not disclose the name of the other party involved in the Material Definitive Agreement.
Are there any financial implications or dollar amounts associated with this agreement mentioned in the filing?
No, the filing does not specify any dollar amounts or financial terms related to the Material Definitive Agreement.
When was the Material Definitive Agreement officially entered into?
The agreement was entered into on February 29, 2024, as indicated by the 'Date of earliest event reported'.
Where is AppLovin Corp.'s principal executive office located?
AppLovin Corp.'s principal executive office is located at 1100 Page Mill Road, Palo Alto, California 94304.
Filing Stats: 980 words · 4 min read · ~3 pages · Grade level 11.9 · Accepted 2024-03-04 17:20:58
Key Financial Figures
- $0.00003 — red Class A common stock, par value of $0.00003 per share APP The Nasdaq Stock Mark
- $56.00 — Stockholder at a price to the public of $56.00 per share. Subject to completion of the
- $54.46 — in the Offering at a price per share of $54.46 (the "Concurrent Repurchase"), which is
Filing Documents
- d801640d8k.htm (8-K) — 29KB
- d801640dex11.htm (EX-1.1) — 188KB
- d801640dex51.htm (EX-5.1) — 8KB
- g801640g0302113650621.jpg (GRAPHIC) — 3KB
- 0001193125-24-058014.txt ( ) — 399KB
- app-20240229.xsd (EX-101.SCH) — 3KB
- app-20240229_lab.xml (EX-101.LAB) — 17KB
- app-20240229_pre.xml (EX-101.PRE) — 11KB
- d801640d8k_htm.xml (XML) — 3KB
Forward Looking Statements
Forward Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this Current Report on Form 8-K include statements regarding the timing of the closing of the Offering and the Concurrent Repurchase. These forward-looking statements are subject to risks and uncertainties, including risks and uncertainties associated with negotiating with third parties, as well as the risks described in the Company's Annual Report on Form 10-K for the year ending December 31, 2023 filed with the SEC. The forward-looking statements in this Current Report on Form 8-K are based on information available to the Company as of the date hereof, and the Company disclaims any obligation to update any forward-looking statements, except as required by law. Item9.01
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Exhibit Description 1.1 Underwriting Agreement, dated as of February 29, 2024, by and among AppLovin Corporation, KKR Denali Holdings L.P., and BofA Securities, Inc., as representative of the Underwriters. 5.1 Opinion of Wilson Sonsini Goodrich & Rosati, P.C. 23.1 Consent of Wilson Sonsini Goodrich & Rosati, P.C. (included in Exhibit 5.1). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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. APPLOVIN CORPORATION Date: March 4, 2024 /s/ Matthew A. Stumpf Matthew A. Stumpf Chief Financial Officer