Abacus Global Management (ABL) Registration Filing summary

Company overview and business model

• Operates as a diversified financial services firm with divisions in alternative asset management, wealth solutions, technology, and institutional services, focusing on longevity-based assets and personalized financial planning.

• Business model includes origination and management of life insurance policies, asset management for institutional and private clients, proprietary technology services, and data-driven wealth management.

• Recent acquisitions of Carlisle Management and FCF Advisors expanded asset management capabilities, adding alternative investment funds and ETFs to the platform.

Financial performance and metrics

• Pro forma combined revenue for the nine months ended September 30, 2024, was $99.4 million, with a net loss attributable to common stockholders of $10.1 million.

• For the year ended December 31, 2023, pro forma combined revenue was $111.4 million, with a net loss of $11.8 million.

• As of September 30, 2024, combined total assets were $907.9 million and total equity was $574.3 million.

• The Carlisle acquisition was valued at $156.3 million, with $76.4 million in equity and $79.9 million in debt consideration.

Use of proceeds and capital allocation

• No proceeds from the offering will be received by the company; all proceeds go to selling securityholders.

• $250 million in new equity was raised in connection with the Carlisle acquisition, used to fund the purchase and repay related party debt.