Item 2.01 Completion of Acquisition or Disposition of Assets.
To the extent required, the information set forth in the Introductory Note, in Item 1.01 and in Item 9.01 of this report is incorporated herein by reference.
On
At the Effective Time:
(i) except for Dissenting Shares and as provided in Sections 2.02(b) and 2.02(c)
of the Merger Agreement, each issued and outstanding share of common stock, par
value
(ii) each share of common stock of Merger Sub outstanding immediately prior to the Effective Time was converted into and became one share of common stock of GCAP with the same rights, powers and privileges of the shares so converted and, except as provided in Section 2.02(c) of the Merger Agreement, constitutes the only outstanding shares of capital stock of GCAP;
(iii) each outstanding option to purchase shares of GCAP Stock ("GCAP Stock Option"), whether or not exercisable or vested, that was outstanding and unexercised immediately prior to the Effective Time, was vested as of immediately prior to the Effective Time and was canceled in exchange for the right of each holder of such GCAP Stock Option to receive (without interest) an amount in cash determined by multiplying (I) the excess, if any, of the per share Merger Consideration over the applicable exercise price of such GCAP Stock Option by (II) the number of shares of GCAP Stock such holder could have purchased (assuming full vesting of all options) had such holder exercised such option in full immediately prior to the Effective Time, less applicable Taxes required to be withheld with respect to such payment;
(iv) each (a) restricted stock unit and (b) restricted stock award, in each case, with respect to shares of GCAP Stock granted under GCAP's 2015 Omnibus Incentive Compensation Plan, GCAP's 2010 Omnibus Incentive Compensation Plan (as amended from time to time) and any predecessor stock option, stock incentive, stock award, or other equity compensation plans thereto, whether subject to time-based or performance-based vesting, that was outstanding as of immediately prior to the Effective Time (each such restricted stock unit, a "GCAP Restricted Stock Unit" and each such restricted stock award, a "GCAP Restricted Stock Award") was vested as of immediately prior to the Effective Time and was canceled in exchange for the right to receive (without interest) a cash payment determined by multiplying (I) the per share Merger Consideration by (II) the number of shares of GCAP Stock underlying such GCAP Restricted Stock Unit or GCAP Restricted Stock Award, as applicable, as of the Effective Time, less applicable Taxes required to be withheld with respect to such payment; and
(v) each of GCAP's 5.00% Convertible Senior Notes maturing on
As discussed above and disclosed by the Company in the
The foregoing description of the Merger Agreement and the Merger does not purport to be complete and is qualified in its entirety by reference to the text of the Merger Agreement, which is filed as Exhibit 2.1 to this report and incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
To the extent required, the information set forth in the Introductory Note, in Item 1.01 and in Item 2.01 of this report is incorporated herein by reference.
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Item 7.01 Regulation FD Disclosure.
On
The information furnished pursuant to Item 7.01, including Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired.
The Company intends to file the financial statements required by this Item by an amendment to this Report no later than 71 days after the date this initial report on Form 8-K must be filed.
(b) Pro Forma Financial Information.
The Company intends to file the financial statements required by this Item by an amendment to this Report no later than 71 days after the date this initial report on Form 8-K must be filed.
(d) Exhibits.
The following documents are herewith filed as exhibits to this report: Exhibit Number Description 2.1 Agreement and Plan of Merger, dated as ofFebruary 26, 2020 , by and among the Company, Merger Sub and GCAP (incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K filed by the Company onFebruary 27, 2020 ). 4.1 First Supplemental Indenture, dated as ofJuly 31, 2020 , by and among the Company, the Guaranteeing Subsidiaries and the Trustee and Collateral Agent. 4.2 Security and Pledge Agreement, dated as ofJuly 31, 2020 , by and among the Company, the Domestic Guaranteeing Subsidiaries and the Collateral Agent. 4.3 Joinder to the Amended and Restated Credit Agreement, dated as ofJuly 31, 2020 , by and among the GAIN Guaranteeing Subsidiaries and the Administrative Agent. 99.1 Press Release issued by the Company, datedJuly 31, 2020 , announcing the consummation of the Merger (furnished herewith).
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