# EDGAR Filing Document

**Accession Number:** 0001851003
**File Stem:** 0001193125-25-225008
**Filing Date:** 2025-9
**Character Count:** 17858
**Document Hash:** 4b42ea76a068e99f2bf48fddf543fe20
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-225008.hdr.sgml**: 20250930

**ACCESSION NUMBER**: 0001193125-25-225008

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 11

**CONFORMED PERIOD OF REPORT**: 20250927

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250930

**DATE AS OF CHANGE**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Zeta Global Holdings Corp.
- **CENTRAL INDEX KEY:** 0001851003
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 800814458
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40464
- **FILM NUMBER:** 251360423

**BUSINESS ADDRESS:**
- **STREET 1:** 3 PARK AVENUE
- **STREET 2:** 33RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016
- **BUSINESS PHONE:** (212) 967-5055

**MAIL ADDRESS:**
- **STREET 1:** 3 PARK AVENUE
- **STREET 2:** 33RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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## FORM 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** September 27, 2025<br>

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ZETA GLOBAL HOLDINGS CORP.

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| Delaware | 001-40464 | 80-0814458 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 3 Park Ave, 33rd Floor |  |  |
| New York**,** New York |  | 10016 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code:** 212 967-5055<br>

**(Former Name or Former Address, if Changed Since Last Report)**

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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:

☐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:**

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| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| Class A common stock, par value $0.001 per share | ZETA | The New York Stock Exchange |

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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. ☐

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## Item 3.02 Unregistered Sales of Equity Securities.
The information set forth in Item 8.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02.

## Item 7.01 Regulation FD Disclosure.
On September 30, 2025, Zeta Global Holdings Corp. ("Zeta") issued a press release announcing that it had entered into the Purchase Agreement (as defined below) and is re-affirming its guidance for the quarter ended September 30, 2025 and fiscal year 2025. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Zeta will host a conference call today, Tuesday, September 30, 2025, at 4:30 p.m. Eastern Time to discuss the transactions contemplated by the Purchase Agreement. A supplemental earnings presentation and a live webcast of the conference call can be accessed from Zeta's investor relations website (investors.zetaglobal.com) where they will remain available for one year.

The information in this Item 7.01, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

## Item 8.01 Other Events.
On September 27, 2025, Zeta entered into a Purchase Agreement (the "Purchase Agreement") with Marigold Group, Inc. ("MGI"), Campaign Monitor Europe UK Ltd. ("CMEUK"), and Selligent Holdings Limited ("Selligent Holdings" together with MGI and CMEUK, the "Sellers").

Upon consummation of the transactions contemplated by the Purchase Agreement (the "Closing"), Zeta will acquire the Sellers' enterprise business, including all of the equity interests of certain subsidiaries of the Sellers engaged in the enterprise business, in exchange for aggregate consideration of up to $325 million, subject to customary adjustments. The transaction proceeds will consist of (i) $100 million of cash and $100 million of newly issued shares of Class A common stock of Zeta, par value $0.001 per share ("Zeta Stock"), delivered at closing and (ii) a seller note (the "Seller Note") that is payable within three months of Closing for an amount equal to up to $125 million (up to $50 million of which will be paid in cash, with the remaining $75 million paid, at Zeta's election, in cash or newly issued shares of Zeta Stock). The number of shares of Zeta Stock to be issued in connection with the transactions contemplated by the Purchase Agreement and the Seller Note ("Stock Consideration") will be determined using a per share value calculated as the daily volume weighted average sales price per share of Zeta Stock on the New York Stock Exchange for each of the 30 consecutive trading days ending on and including the trading day that is the third trading day prior to the date of the Closing or the date of the maturity of the Seller Note, as applicable. Zeta has agreed to register the shares of Zeta Stock issued as Stock Consideration for resale under the Securities Act.

Zeta intends to issue the Stock Consideration in reliance upon the exemptions from registration afforded by Section 4(a)(2) and/or Rule 506 of Regulation D promulgated under the Securities Act.

**Forward-Looking Statements**

This Current Report on Form 8-K contains certain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including expectations regarding completion of the transactions contemplated by the Purchase Agreement and the time frame for Closing, if at all. Statements regarding future events are based on the parties' current expectations and are necessarily subject to associated risks related to, among other things, that conditions to the Closing may not be satisfied, the potential impact on the Sellers' enterprise business due to the announcement of the acquisition, the occurrence of any event, change or other circumstances that could give rise to the termination of the Purchase Agreement, and general economic conditions. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. For information regarding other related risks, see the "Risk Factors" section of Zeta's most recent annual report on Form 10-K and quarterly reports on Form 10-Q. The forward-looking statements included herein are made only as of the date hereof, and Zeta undertakes no obligation to revise or update any forward-looking statements, except as required by applicable law.

## Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [<u>Press Release, dated September 30, 2025</u>](zeta-ex99_1.htm) |
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL) |

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**SIGNATURES**

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.

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| | | | |
|:---|:---|:---|:---|
|  |  |  | **Zeta Global Holdings Corp.** |
| Date: | September 30, 2025 | By:  | /s/ Christopher Greiner |
|  |  |  | Christopher Greiner <br>Chief Financial Officer |

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## Exhibit 99.1

**Exhibit 99.1**

**Zeta Global to Acquire Marigold's Enterprise Business**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•*Acquisition of Marigold's enterprise software business aligns with all of Zeta's guiding M&A principles* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•*Expected to be accretive to adjusted EBITDA and free cash flow in year one*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•*Increases penetration of Fortune 500 brands and subscription revenue*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•*Advances One Zeta model by creating cross-sell and up-sell opportunities to over 100 new global enterprise brands* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•*Zeta reaffirms third quarter and full year 2025 guidance; transaction is expected to be incremental to Zeta 2028 targets*

**NEW YORK—September 30, 2025** — Zeta Global (NYSE: ZETA), the AI Marketing Cloud, today announced it has entered into a definitive agreement with Marigold to acquire Marigold's enterprise software business, including Marigold Loyalty, Cheetah Digital, Selligent, Sailthru, Liveclicker, and Grow.

This acquisition advances four key levers of Zeta's strategy, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Expanding scale of Zeta's enterprise customer base:** Marigold's enterprise software business serves more than 100 global enterprise brands, including 20 of the top 100 advertisers and more than 40 Fortune 500 companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Accelerating One Zeta model by creating cross-sell and up-sell opportunities:** Zeta will be able to apply its established playbook, as Marigold's enterprise customer base predominantly leverages Retain use cases, and should benefit from Zeta's Acquire and Grow use cases. In addition, Zeta will be able to offer a new product in Marigold's loyalty offering to Zeta's 567 scaled customers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Extending Zeta's global reach:** The acquisition expands Zeta's EMEA footprint and creates an entry point into APAC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Strengthening Zeta's financial profile:** The acquired business had a cost of revenue below 30% in fiscal year ended June 30, 2025 and over 90% of its revenue in fiscal year 2025 was subscription-based and highly-visible. The transaction is expected to be accretive to adjusted EBITDA and free cash flow in year one.

"This acquisition fits squarely within our disciplined criteria to pursue accretive, strategically beneficial M&A and creates a combined business that is far greater than the sum of its parts – a true '1+1=4' opportunity," said David A. Steinberg, Co-Founder, Chairman, and CEO of Zeta Global. "By combining Marigold's enterprise marketing strengths in loyalty, omni-channel engagement, and personalization with Zeta's AI-powered platform and global data assets, we expect to strengthen our combined offerings, deepen customer relationships, and deliver more value to enterprises seeking to capitalize on AI and first-party data. We also believe we will bring substantial benefits to Marigold's customers through our One Zeta model. We're excited about partnering with the strong team at Marigold to deliver even greater measurable business outcomes for the world's leading brands."

"Marigold's world-class team has built technologies with a reputation for helping leading brands create meaningful, data-driven customer experiences," said Michael Gordon, CEO of Marigold. "Zeta, a company with significant resources that shares our commitment to innovation and measurable results, is an ideal home for our products, strategy, and team, and we expect this transaction will result in greater value for Marigold's customers. I look forward to continuing to lead Marigold's SMB businesses while I root for the continued growth and success of our enterprise software business as part of Zeta."

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Following transaction close, Zeta will partner closely with the Marigold enterprise team to provide complete continuity for Marigold customers.

**Transaction Details**

Pursuant to the definitive purchase agreement, Zeta will purchase Marigold's enterprise software business for total consideration of up to $325 million, subject to customary adjustments. Proceeds will consist of $100 million in cash and $100 million of shares of Zeta's Class A common stock delivered at closing and a seller note that is payable within three months of closing for an amount equal to up to $125 million in cash and stock.

The transaction is also expected to be incremental to Zeta's previously issued "Zeta 2028" plan.

Marigold's SMB businesses, Campaign Monitor, Emma, and Vuture, are not included in the transaction. The transaction is expected to close by the end of 2025 and is subject to customary closing conditions.

**Reaffirming 3Q'25 and FY'25 Guidance** <br>Zeta also today reaffirmed its third quarter 2025 and full year 2025 guidance as provided on August 5, 2025.

**Conference Call Details** <br>Zeta will host a conference call today, September 30 at 4:30 p.m. Eastern Time, to discuss this acquisition. A live webcast of the conference call and supporting materials can be accessed from the Company's investor relations website https://investors.zetaglobal.com. A webcast replay will be available on the Company's website for one year following the call.

**Advisors**

Morgan Stanley & Co. LLC served as exclusive financial advisor and Latham & Watkins LLP served as legal advisor to Zeta. Willkie Farr & Gallagher LLP served as legal advisor to Marigold.

**Forward-Looking Statements** 

This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning our anticipated future financial performance, our market opportunities and our expectations regarding our business plan and strategies. These

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statements often include words such as "anticipate," "believe," "could," "estimates," "expect," "forecast," "guidance," "intend," "may," "outlook," "plan," "projects," "should," "suggests," "targets," "will," "would" and other similar expressions. We base these forward-looking statements on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at such time. Although we believe that these forward-looking statements are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect our business, results of operations and financial condition and could cause actual results to differ materially from those expressed in the forward-looking statements. Factors that may materially affect such forward-looking statements include, but are not limited to: risks related to our ability to complete the acquisition of Marigold's enterprise business within the expected timeframe, or at all, and risks related to our ability to achieve the expected benefits of this acquisition. For information regarding other related risks, see the "Risk Factors" section of Zeta's most recent annual report on Form 10-K and quarterly reports on Form 10-Q. These statements are not guarantees of future performance or results and you should not place undue reliance on these forward-looking statements. These cautionary statements should not be construed by you to be exhaustive and the forward-looking statements are made only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

**Contacts:** <br>Investor Relations <br>Matt Pfau <br>ir@zetaglobal.com

Press <br>Candace Dean<br>press@zetaglobal.com

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