ARKO Corp. Enters Material Definitive Agreement

Ticker: ARKO · Form: 8-K · Filed: 2024-03-26T00:00:00.000Z

Sentiment: neutral

Topics: material-definitive-agreement, corporate-action

Related Tickers: ARKO

TL;DR

ARKO Corp. signed a big deal on 3/21/24, details TBD.

AI Summary

On March 21, 2024, ARKO Corp. entered into a material definitive agreement. The filing does not provide specific details about the agreement, its counterparty, or any associated financial figures.

Why It Matters

This filing indicates a significant new contract or partnership for ARKO Corp., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and impact of the material definitive agreement.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by ARKO Corp. on March 21, 2024?

The filing states that ARKO Corp. entered into a material definitive agreement on March 21, 2024, but does not provide specific details about its terms or subject matter.

Who is the counterparty to the 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 specific financial figures or dollar amounts related to the material definitive agreement are provided in this filing.

What is the primary business of ARKO Corp. as indicated by its SIC code?

ARKO Corp.'s Standard Industrial Classification (SIC) code is 5412, which corresponds to Retail-Convenience Stores.

Where is ARKO Corp.'s principal executive office located?

ARKO Corp.'s principal executive offices are located at 8565 Magellan Parkway, Suite 400, Richmond, Virginia, 23227.

From the Filing

0000950170-24-036157.txt : 20240326 0000950170-24-036157.hdr.sgml : 20240326 20240326073013 ACCESSION NUMBER: 0000950170-24-036157 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240321 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240326 DATE AS OF CHANGE: 20240326 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARKO Corp. CENTRAL INDEX KEY: 0001823794 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CONVENIENCE STORES [5412] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 852784337 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39828 FILM NUMBER: 24780894 BUSINESS ADDRESS: STREET 1: 8565 MAGELLAN PKWY STREET 2: SUITE 400 CITY: RICHMOND STATE: VA ZIP: 23227 BUSINESS PHONE: 804-730-1568 MAIL ADDRESS: STREET 1: 8565 MAGELLAN PKWY STREET 2: SUITE 400 CITY: RICHMOND STATE: VA ZIP: 23227 8-K 1 arko-20240321.htm 8-K 8-K 0001823794 false 0001823794 2024-03-21 2024-03-21 0001823794 us-gaap:CommonStockMember 2024-03-21 2024-03-21 0001823794 arko:WarrantsEachWarrantExercisableForOneShareOfCommonStockAtAnExercisePriceOf1150Member 2024-03-21 2024-03-21   UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 21, 2024         ARKO Corp. (Exact name of Registrant as Specified in Its Charter)     Delaware 001-39828 85-2784337 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)           8565 Magellan Parkway Suite 400   Richmond , Virginia   23227-1150 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: (804) 730-1568     (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☒ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.0001 par value per share   ARKO   The Nasdaq Stock Market LLC Warrants, each warrant exercisable for one share of Common Stock at an exercise price of $11.50   ARKOW   The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐   Item 1.01 Entry into a Material Definitive Agreement. On March 21, 2024, GPM Investments, LLC, a Delaware limited liability company, a subsidiary of ARKO Corp., a Delaware corporation (the “Company”), entered into a Master Supply Agreement (the “Supply Agreement”), effective as of February 19, 2024 (the “Effective Date”), with Core-Mark International,

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