Align Technology Reports Financials and New Agreement

Ticker: ALGN · Form: 8-K · Filed: 2024-04-24T00:00:00.000Z

Sentiment: neutral

Topics: financial-results, definitive-agreement

Related Tickers: ALGN

TL;DR

Align Tech dropped Q1 earnings and signed a new deal. Details to follow.

AI Summary

On April 22, 2024, Align Technology, Inc. reported its financial results for the period ending April 22, 2024. The company also announced an entry into a material definitive agreement. Specific financial figures and details of the agreement are expected to be further elaborated in the filing.

Why It Matters

This filing provides investors with updated financial performance and signals a significant new business development for Align Technology.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could introduce new risks or opportunities depending on its nature.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Align Technology?

The filing indicates the entry into a material definitive agreement, but the specific details and nature of this agreement are not provided in this excerpt.

What period do the reported financial results cover?

The filing reports financial results for the period ending April 22, 2024.

Where is Align Technology's principal executive office located?

Align Technology's principal executive office is located at 410 North Scottsdale Road, Suite 1300, Tempe, Arizona 85288.

What is Align Technology's telephone number?

Align Technology's telephone number is ( 602 ) 742-2000.

In which state was Align Technology incorporated?

Align Technology was incorporated in Delaware.

From the Filing

0001097149-24-000026.txt : 20240424 0001097149-24-000026.hdr.sgml : 20240424 20240424160222 ACCESSION NUMBER: 0001097149-24-000026 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240422 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240424 DATE AS OF CHANGE: 20240424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALIGN TECHNOLOGY INC CENTRAL INDEX KEY: 0001097149 STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 943267295 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-32259 FILM NUMBER: 24870509 BUSINESS ADDRESS: STREET 1: 410 NORTH SCOTTSDALE ROAD, SUITE 1300 CITY: TEMPE STATE: AZ ZIP: 85288 BUSINESS PHONE: 408-470-1000 MAIL ADDRESS: STREET 1: 410 NORTH SCOTTSDALE ROAD, SUITE 1300 CITY: TEMPE STATE: AZ ZIP: 85288 8-K 1 algn-20240422.htm 8-K algn-20240422 0001097149 false 0001097149 2024-04-22 2024-04-22 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): April 22, 2024 ALIGN TECHNOLOGY, INC. (Exact Name of Registrant as Specified in Charter) Delaware 000-32259 94-3267295 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 410 North Scottsdale Road, Suite 1300 , Tempe , Arizona 85288 (Address of Principal Executive Offices) (Zip Code) ( 602 ) 742-2000 (Registrant’s telephone number, including area code) Not applicable (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 exchange on which registered Common stock, $0.0001 par value ALGN The NASDAQ Stock Market LLC (NASDAQ Global Select Market) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17  CFR §240.12b-2).  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 April 22, 2024, Align Technology, Inc. (“Align”) and Heartland Dental Holding Corporation (“Heartland”) entered into a Subscription Agreement (the “Subscription Agreement”), which provides, among other things, for Align to acquire less than a 5% equity interest in Heartland through the purchase of Class A Common Stock for $75 million (the“2024 Heartland Investment”). Align is an existing holder of Class A Common Stock of Heartland (see Note 1 - Summary of Significant Accounting Policies to our audited financial statements for the year ended December 31, 2023 included in our Annual Report on Form

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