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) May 3, 2022
Altaba Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 811-23264 | 77-0398689 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| 140 East 45th Street, 15th Floor, New York, New York | 10017 | |
| (Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code (646) 679-2000
(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 (see General Instruction A.2. below):
| ☐ | 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 | ||
| N/A | N/A | N/A |
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 2.02 | Results of Operations and Financial Condition. |
Unaudited Consolidated Statement of Assets and Liabilities
On May 3, 2022, Altaba Inc., a Delaware corporation, published its unaudited consolidated statement of assets and liabilities for the quarter ended March 31, 2022. The unaudited consolidated statement of assets and liabilities is attached hereto as Exhibit 99.1.
The information disclosed under this Item 2.02 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
The following exhibit is furnished with this report on Form 8-K:
| 99.1 | Altaba Inc. unaudited consolidated statement of assets and liabilities. |
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.
| ALTABA INC. | ||||||
| Date: May 3, 2022 | By: | /s/ Alexi A. Wellman | ||||
| Name: | Alexi A. Wellman | |||||
| Title: | Chief Executive, Financial and Accounting Officer | |||||
Exhibit 99.1
Altaba Inc.
Consolidated Statement of Assets and Liabilities
As of March 31, 2022 (unaudited)
($ in thousands, except per share amounts)
| ASSETS |
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| Dividend receivable |
$ | 59 | ||
| Unaffiliated investments at fair value (cost $2,616,688) |
2,615,301 | |||
| Interest receivable |
360 | |||
| Income tax receivable |
746,229 | |||
| Other assets |
5,835 | |||
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|
|
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| Total assets |
$ | 3,367,784 | ||
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| LIABILITIES |
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| Deferred and other tax liabilities |
$ | 12,580 | ||
| Payable to directors, officers and employees |
12,741 | |||
| Payable to advisor |
144 | |||
| Other liabilities |
5,539 | |||
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| Total liabilities |
$ | 31,004 | ||
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| Net assets |
$ | 3,336,780 | ||
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| Net assets consist of: |
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| Total distributable earnings, net of deferred taxes |
$ | 3,336,780 | ||
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| Total net assets |
$ | 3,336,780 | ||
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| Shares outstanding |
519,511,366 | |||
| NAV per share |
$ | 6.42 | ||
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