{"filing":{"accession_number":"0001193125-26-396098","cik":"0001377630","ticker":"NCMI","company_name":"National CineMedia, Inc.","form":"8-K","filing_date":"2026-09-21","report_date":"2026-09-18","primary_document":"ncmi-20260918.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1377630/000119312526396098/ncmi-20260918.htm"},"events":[{"id":33884,"run_id":31189,"accession_number":"0001193125-26-396098","anchor_item_number":"2.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.97,"summary":"National CineMedia completed the acquisition of Captivate Holdings, LLC for an enterprise value of $275.0 million on September 18, 2026, funded through new debt facilities ($275 million term loan plus $25 million revolving facility). The transaction expands NCM's platform from cinema advertising to include office and residential digital video advertising, creating a combined platform with over 48,000 screens across 185 DMAs.","company_name":"National CineMedia, Inc.","ticker":"NCMI","filing_date":"2026-09-21","form":"8-K","submitted_at":null,"items":[{"id":37465,"accession_number":"0001193125-26-396098","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The filing discloses the completion of a material acquisition of Captivate Holdings, LLC and Captivate Network Holdings, Inc. by NCM Holdings, LLC (a wholly-owned subsidiary of National CineMedia, Inc.) on September 18, 2026, for an enterprise value of $275.0 million. This is a significant M\u0026A transaction that expands NCM's platform from cinema advertising to include office and residential digital video advertising, creating a combined platform with over 48,000 screens. The acquisition is material to investors as it represents a strategic expansion and is funded through substantial new debt financing ($275 million term loan plus $25 million revolving facility).","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-21T12:05:38.697492+00:00","company_name":"","ticker":null,"filing_date":""},{"id":37466,"accession_number":"0001193125-26-396098","item_number":"1.02","item_title":"Termination of a Material Definitive Agreement.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Item 1.02 discloses termination of the Existing Credit Facility in connection with the Company's entry into a new Credit Agreement (Item 1.01). The supplemental press release reveals the core transaction: completion of the acquisition of Captivate Holdings, LLC for $275.0 million enterprise value on September 18, 2026. This is a material acquisition creating a combined premium video and digital out-of-home advertising platform with over 48,000 screens. The debt refinancing disclosed in Item 1.02 is directly tied to funding this M\u0026A activity.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-21T12:05:38.697492+00:00","company_name":"","ticker":null,"filing_date":""},{"id":37467,"accession_number":"0001193125-26-396098","item_number":"2.01","item_title":"Completion of Acquisition or Disposition of Assets.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"The filing discloses completion of the acquisition of Captivate Holdings, LLC for $275.0 million in cash, representing 100% of Captivate's equity interests. This is a material acquisition transaction that expands NCM's platform to over 48,000 screens across 185 DMAs and was funded through new debt facilities. The transaction materially affects the registrant's business scope, financial position, and strategic direction.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-21T12:05:38.697492+00:00","company_name":"","ticker":null,"filing_date":""},{"id":37468,"accession_number":"0001193125-26-396098","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"National CineMedia completed the acquisition of Captivate Holdings, LLC for an enterprise value of $275.0 million on September 18, 2026. The Item 2.03 disclosure incorporates Item 2.01 by reference, which is the standard Item for material acquisitions. The transaction is material to investors as it significantly expands NCM's platform from cinema advertising to a broader premium video and digital out-of-home advertising platform with 48,000+ screens across 185 DMAs.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-21T12:05:38.697492+00:00","company_name":"","ticker":null,"filing_date":""},{"id":37469,"accession_number":"0001193125-26-396098","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"The filing announces the completion of National CineMedia's acquisition of Captivate Holdings, LLC for an enterprise value of $275.0 million on September 18, 2026. The press release explicitly states this is a \"previously announced acquisition\" that has now closed following receipt of regulatory approval. This is a material M\u0026A completion event that materially expands NCM's platform from cinema advertising to include office and residential digital video advertising across 48,000+ screens.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-21T12:05:38.697492+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":37465,"accession_number":"0001193125-26-396098","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The filing discloses the completion of a material acquisition of Captivate Holdings, LLC and Captivate Network Holdings, Inc. by NCM Holdings, LLC (a wholly-owned subsidiary of National CineMedia, Inc.) on September 18, 2026, for an enterprise value of $275.0 million. This is a significant M\u0026A transaction that expands NCM's platform from cinema advertising to include office and residential digital video advertising, creating a combined platform with over 48,000 screens. The acquisition is material to investors as it represents a strategic expansion and is funded through substantial new debt financing ($275 million term loan plus $25 million revolving facility).","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-21T12:05:38.697492+00:00","company_name":"National CineMedia, Inc.","ticker":"NCMI","filing_date":"2026-09-21"},{"id":37466,"accession_number":"0001193125-26-396098","item_number":"1.02","item_title":"Termination of a Material Definitive Agreement.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Item 1.02 discloses termination of the Existing Credit Facility in connection with the Company's entry into a new Credit Agreement (Item 1.01). The supplemental press release reveals the core transaction: completion of the acquisition of Captivate Holdings, LLC for $275.0 million enterprise value on September 18, 2026. This is a material acquisition creating a combined premium video and digital out-of-home advertising platform with over 48,000 screens. The debt refinancing disclosed in Item 1.02 is directly tied to funding this M\u0026A activity.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-21T12:05:38.697492+00:00","company_name":"National CineMedia, Inc.","ticker":"NCMI","filing_date":"2026-09-21"},{"id":37467,"accession_number":"0001193125-26-396098","item_number":"2.01","item_title":"Completion of Acquisition or Disposition of Assets.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"The filing discloses completion of the acquisition of Captivate Holdings, LLC for $275.0 million in cash, representing 100% of Captivate's equity interests. This is a material acquisition transaction that expands NCM's platform to over 48,000 screens across 185 DMAs and was funded through new debt facilities. The transaction materially affects the registrant's business scope, financial position, and strategic direction.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-21T12:05:38.697492+00:00","company_name":"National CineMedia, Inc.","ticker":"NCMI","filing_date":"2026-09-21"},{"id":37468,"accession_number":"0001193125-26-396098","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"National CineMedia completed the acquisition of Captivate Holdings, LLC for an enterprise value of $275.0 million on September 18, 2026. The Item 2.03 disclosure incorporates Item 2.01 by reference, which is the standard Item for material acquisitions. The transaction is material to investors as it significantly expands NCM's platform from cinema advertising to a broader premium video and digital out-of-home advertising platform with 48,000+ screens across 185 DMAs.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-21T12:05:38.697492+00:00","company_name":"National CineMedia, Inc.","ticker":"NCMI","filing_date":"2026-09-21"},{"id":37469,"accession_number":"0001193125-26-396098","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"The filing announces the completion of National CineMedia's acquisition of Captivate Holdings, LLC for an enterprise value of $275.0 million on September 18, 2026. The press release explicitly states this is a \"previously announced acquisition\" that has now closed following receipt of regulatory approval. This is a material M\u0026A completion event that materially expands NCM's platform from cinema advertising to include office and residential digital video advertising across 48,000+ screens.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-21T12:05:38.697492+00:00","company_name":"National CineMedia, Inc.","ticker":"NCMI","filing_date":"2026-09-21"}]}