Accel Entertainment Files 8-K on Material Agreement

TL;DR

Accel Entertainment just filed an 8-K for a big deal - details to come.

AI Summary

On July 15, 2024, Accel Entertainment, Inc. filed an 8-K to disclose the entry into a material definitive agreement. The filing also covers unregistered sales of equity securities and provides a Regulation FD disclosure. Specific details regarding the agreement, including parties involved and financial terms, are not fully elaborated in the provided text but are indicated as material.

Why It Matters

This filing signals a significant business development for Accel Entertainment, Inc., potentially impacting its financial structure, operations, or strategic direction.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and unregistered sales of equity, which can introduce complexities and potential risks related to financing and shareholder dilution.

Key Numbers

• 001-38136 — SEC File Number (Identifies the company's filing with the SEC.)
• 98-1350261 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Accel Entertainment, Inc. (company) — Registrant
• TPG Pace Holdings Corp. (company) — Former company name
• 001-38136 (company) — SEC File Number
• 98-1350261 (company) — IRS Employer Identification No.
• July 15, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001698991-24-000031.txt : 20240715 0001698991-24-000031.hdr.sgml : 20240715 20240715170105 ACCESSION NUMBER: 0001698991-24-000031 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 33 CONFORMED PERIOD OF REPORT: 20240715 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240715 DATE AS OF CHANGE: 20240715 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Accel Entertainment, Inc. CENTRAL INDEX KEY: 0001698991 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 981350261 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38136 FILM NUMBER: 241117918 BUSINESS ADDRESS: STREET 1: 140 TOWER DRIVE CITY: BURR RIDGE STATE: IL ZIP: 60527 BUSINESS PHONE: 630-972-2235 MAIL ADDRESS: STREET 1: 140 TOWER DRIVE CITY: BURR RIDGE STATE: IL ZIP: 60527 FORMER COMPANY: FORMER CONFORMED NAME: TPG Pace Holdings Corp. DATE OF NAME CHANGE: 20170224 8-K 1 acel-20240715.htm 8-K acel-20240715 0001698991 false 0001698991 2024-07-15 2024-07-15 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): July 15, 2024 ACCEL ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter)     Delaware 001-38136 98-1350261 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 140 Tower Drive Burr Ridge , Illinois 60527 (Address of principal executive offices) (Zip Code) ( 630 ) 972-2235 (Registrant’s telephone number, including area code) (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 Class A-1 common stock, par value $0.0001 per share ACEL New York Stock Exchange 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 July 12, 2024, Accel Entertainment, Inc. (the “ Company ”) and Fairmount Holdings, Inc., an Illinois corporation (“ Fairmount ”), Fairmount Merger Sub, Inc., an Illinois corporation and a wholly-owned subsidiary of the Company (“ Merger Sub ”), and Robert V. Vitale, in his capacity as the representative of Fairmount’s stockholders, entered into an agreement and plan of merger (the “ Merger Agreement ”), pursuant to which the Company will acquire Fairmount, the owner of the FanDuel Sportsbook & Horse Racing in Collinsville, Illinois, through a merger of Merger Sub wit