Collier Creek Holdings

A proposed transaction with Intersnack is named as a forward-looking matter with closing conditions still open, and the tax receivable agreement is flagged as capable of requiring payments larger than the benefits it relates to — a liability that can be accelerated by a change of control. The financial statements are not in the portion read here.

Shareholders have a stated cash price of $14.25 per share and a Q4 2026 expected close, and the company has stopped guiding because of it. The GAAP net loss versus prior-year income is largely the absence of a warrant gain, not an operating deterioration.

A going-private transaction: the board acted on the unanimous recommendation of a special committee of disinterested directors under DGCL Section 144 and made findings by reference to Rule 13e-3 unaffiliated security holders. Class V shares, all held by the Continuing Stockholders, are cancelled for no consideration. Options vest and cash out at the spread over $14.25, or are cancelled unpaid if underwater; non-employee director RSUs vest and cash out with accrued dividend equivalents.

This is a take-private of a de-SPAC: the former Collier Creek vehicle is being acquired outright by Intersnack, which means public holders are being cashed out rather than continuing as shareholders. The Rule 13e-3 reference and the disinterested special committee confirm it is treated as a going-private transaction with an affiliate on the other side, which is why fairness to unaffiliated stockholders is stated explicitly. The merger consideration itself is not stated in this excerpt, so the price must be read from the merger agreement or the proxy.

The Schedule 13E-3 filing commitment is the key signal: it confirms the buyout is treated as a going-private transaction with affiliates on both sides, which triggers heightened disclosure and a fairness analysis for unaffiliated holders. For anyone still holding the former Collier Creek equity, this is an exit at a price set in the merger agreement rather than a continuing investment, and the special meeting proxy still to be filed is where the consideration and the board's fairness case will be laid out.

The announcement half of the merger reported a day earlier under Item 1.01. Its operative content for a holder is procedural: a Schedule 13E-3 confirms this is treated as a going-private transaction, and the vote and the disclosure that supports it are still ahead. The report states no price, no conditions and no timetable and expressly does not solicit any vote.

What changed: Exhibit 99.1 to an 8-K of Utz Brands, Inc. (NYSE: UTZ): the August 5, 2026 press release reporting results for the quarter ended June 28, 2026. Net sales rose 1.4% to $371.8 million, with organic net sales also up 1.4% on net price realization of 3.6% against volume/mix of (2.2)%; Branded Salty Snacks organic net sales, 89% of the total, rose 3.3% while Non-Branded Non-Salty fell 12.1%. Gross margin was 25.9%, down 10 basis points, while adjusted gross margin expanded 150 basis points to 33.2%. SG&A rose to $101.3 million, or 27.2% of net sales, from $88.0 million. Why it matters: Shareholders have a stated cash price of $14.25 per share and a Q4 2026 expected close, and the company has stopped guiding because of it. The GAAP net loss versus prior-year income is largely the absence of a warrant gain, not an operating deterioration.

What changed: The 10-Q filed under Commission file number 001-38686 is that of Utz Brands, Inc. (NYSE: UTZ) for the quarter ended June 28, 2026, with 88,613,213 Class A and 55,349,000 Class V shares outstanding as of August 3, 2026. The forward-looking-statements section names the proposed transaction with Intersnack Group GmbH & Co. Why it matters: A proposed transaction with Intersnack is named as a forward-looking matter with closing conditions still open, and the tax receivable agreement is flagged as capable of requiring payments larger than the benefits it relates to — a liability that can be accelerated by a change of control. The financial statements are not in the portion read here.

What changed: 8-K of Utz Brands, Inc. Item 1.01 (entry into a material definitive agreement): on July 20, 2026 the Company entered an Agreement and Plan of Merger with Idaho USA, Inc., Idaho Merger Sub, Inc. and Intersnack Group GmbH Co. KG, under which Merger Sub merges into the Company, leaving it an indirect wholly owned subsidiary of Parent. Each Class A share outstanding at the effective time, other than treasury and Parent-side shares and shares with perfected appraisal rights under DGCL Section 262, converts into the right to receive $14.25 in cash without interest, net of withholding. Why it matters: A going-private transaction: the board acted on the unanimous recommendation of a special committee of disinterested directors under DGCL Section 144 and made findings by reference to Rule 13e-3 unaffiliated security holders. Class V shares, all held by the Continuing Stockholders, are cancelled for no consideration. Options vest and cash out at the spread over $14.25, or are cancelled unpaid if underwater; non-employee director RSUs vest and cash out with accrued dividend equivalents.

What changed: Utz Brands, Inc., the company formed in the Collier Creek Holdings combination, filed additional proxy materials disclosing that on July 20, 2026 it entered into an Agreement and Plan of Merger with Idaho USA, Inc. as Acquiror, Idaho Merger Sub, Inc., and Intersnack Group GmbH & Co. KG as Parent. Merger Sub merges into Utz, which survives as an indirect wholly owned subsidiary of Parent. The board acted on the unanimous recommendation of a special committee of disinterested directors under DGCL Section 144, and found the deal fair to unaffiliated stockholders under Exchange Act Rule 13e-3. Why it matters: This is a take-private of a de-SPAC: the former Collier Creek vehicle is being acquired outright by Intersnack, which means public holders are being cashed out rather than continuing as shareholders. The Rule 13e-3 reference and the disinterested special committee confirm it is treated as a going-private transaction with an affiliate on the other side, which is why fairness to unaffiliated stockholders is stated explicitly. The merger consideration itself is not stated in this excerpt, so the price must be read from the merger agreement or the proxy.