Magnite, Inc. Signs Material Definitive Agreement
Ticker: MGNI · Form: 8-K · Filed: 2024-09-18T00:00:00.000Z
Sentiment: neutral
Topics: material-agreement, definitive-agreement
TL;DR
Magnite just signed a big deal, details TBD.
AI Summary
Magnite, Inc. announced on September 18, 2024, that it has entered into a material definitive agreement. The filing does not disclose specific details of the agreement, such as the counterparty or financial terms, but indicates it is a significant event for the company.
Why It Matters
This filing signals a significant new development for Magnite, Inc., potentially impacting its business operations, partnerships, or financial structure.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and implications of the agreement.
Key Players & Entities
- MAGNITE, INC. (company) — Registrant
- 001-36384 (company) — Commission File Number
- 20-8881738 (company) — IRS Employer Identification No.
- 1250 Broadway, 15th Floor New York, New York 10001 (company) — Principal executive offices address
- 212-243-2769 (company) — Registrant's telephone number
- RUBICON PROJECT, INC. (company) — Former company name
- 20140106 (date) — Date of name change
- September 18, 2024 (date) — Date of Report
FAQ
What is the nature of the material definitive agreement entered into by Magnite, Inc.?
The filing states that Magnite, Inc. entered into a material definitive agreement on September 18, 2024, but does not provide specific details about the agreement itself.
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.
What are the key financial terms or implications of this agreement?
The filing does not specify any financial terms, dollar amounts, or expected financial impacts related to the material definitive agreement.
When was this material definitive agreement officially entered into?
The agreement was entered into on September 18, 2024, as indicated by the 'Date of Report' and 'Date as of Change'.
Does this filing provide any information about the strategic goals or benefits of this agreement for Magnite, Inc.?
No, the filing is limited to reporting the entry into a material definitive agreement and does not elaborate on its strategic purpose or benefits.
Filing Stats: 723 words · 3 min read · ~2 pages · Grade level 10 · Accepted 2024-09-18 16:55:30
Key Financial Figures
- $0.00001 — ich registered Common stock, par value $0.00001 per share MGNI Nasdaq Global Select
Filing Documents
- d895917d8k.htm (8-K) — 28KB
- d895917dex101.htm (EX-10.1) — 1235KB
- d895917dex991.htm (EX-99.1) — 5KB
- 0001193125-24-221440.txt ( ) — 1685KB
- mgni-20240918.xsd (EX-101.SCH) — 3KB
- mgni-20240918_lab.xml (EX-101.LAB) — 18KB
- mgni-20240918_pre.xml (EX-101.PRE) — 11KB
- d895917d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1* Amendment No. 1, dated as of September 18, 2024 among Magnite, Inc., as the borrower, Morgan Stanley Senior Funding, Inc., as the term facility administrative agent, and Citibank, N.A., as revolving facility administrative agent, collateral agent and swingline lender and each Issuing Bank and Lender party thereto (each as defined therein), which amended that certain Credit Agreement, dated as of February 6, 2024. 99.1 Press Release of Magnite, Inc. announcing Magnite Successfully Completes Term Loan Repricing issued September 18, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Certain schedules and exhibits to this Exhibit have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to provide a copy of any omitted schedule or exhibit to the SEC or its staff upon request. SIGNATURE 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. MAGNITE, INC. Date: September 18, 2024 By: /s/ David Day David Day Chief Financial Officer