Abacus Global Management (ABL) Registration Filing summary

Company overview and business model

• Vertically integrated alternative asset manager and market maker specializing in longevity and actuarial technology, with a focus on life settlements and lifespan-based investment products.

• Operates through subsidiaries Abacus Settlements, LLC and Longevity Market Assets, LLC, with a 26% market share in the U.S. life settlements industry as of 2023.

• Revenue generated from origination fees, active management (trading/holding life insurance policies), and portfolio servicing.

• Recent agreement to acquire Carlisle Management, a Luxembourg-based investment manager with $2.0 billion AUM, expected to close in Q4 2024.

Financial performance and metrics

• Pro forma combined revenue for the year ended December 31, 2023, was $98.5 million; for the six months ended June 30, 2024, $64.3 million.

• Pro forma net loss attributable to common stockholders was $12.0 million for 2023 and $5.9 million for the six months ended June 30, 2024.

• Pro forma basic and diluted earnings per share were $(0.13) for 2023 and $(0.06) for the six months ended June 30, 2024.

• Pro forma combined total assets as of June 30, 2024, were $931.5 million.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used as set forth in the applicable prospectus supplement.

• $250 million in proceeds from a recent equity issuance were recorded as part of the Carlisle acquisition financing.