Deal origination · SEC filings
DealDawn polls SEC EDGAR every ten minutes, reads what 5,321 NYSE- and Nasdaq-listed companies file, and flags divestiture and strategic-change intent. Every flag carries the filing it came from — so you can check it, or break it, in one click.
Filed by Vega SAS — Xavier Niel / Iliad
"…evaluating strategic alternatives as they may become available … including a merger, demerger, reorganization or liquidation … a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries."
Schedule 13D, Item 4. Vega is taking e&'s ~15% block through bank derivatives, cleared to 9.9% so far. The filer's own stated purpose names demerger and asset sales.
A real flag from the running system. The link resolves.
Evidence, not assertions
A signal you cannot check is a rumor. Each card carries the accession number, the document it came from, and a direct EDGAR link — so verifying a flag costs one click, and disproving one costs the same.
8-K Item 7.01 · Exhibit 99.1, investor presentation
"Divestiture of Specialty Pipe & Tube — Executing against its strategic plan, Ascent sold the business and related assets of Specialty Pipe & Tube to a Financial Sponsor. Portfolio Optimization…"
Rule 8k_portfolio_pruning · matched "Portfolio Optimization".
That sale is already complete — that deal is gone. The flag is the parent still describing itself as optimizing the portfolio, which is where the next one comes from.
The test we invite
Open one of these filings and try to catch us overstating it.
Competitors ask you to trust a database you cannot audit. Every claim on this page resolves to a primary document filed with the SEC. If a flag is wrong, the citation is how you find out in ten seconds — and telling us is the whole job of a design partner.
Coverage
The universe is every company in the SEC's own exchange-listed ticker file — not a curated list. A worker polls EDGAR full-text search every ten minutes and matches new filings against eight rules you can read. Flags land in the web app; Standard and above also get a daily digest.
| Signal | What it means | What triggers it | Last 30d |
|---|---|---|---|
| 13D Stake | A holder above 5% who is not passive — activist, strategic, or a deal counterparty. The filer is the signal. | Schedule 13D filed | 337 |
| CFO Change | A finance chief departs or is appointed — often precedes a process. | 8-K Item 5.02, officer named | 411 |
| Strategic Review | The company says it is examining alternatives for a business. | "strategic alternatives", "divestiture" | 266 |
| Portfolio Pruning | Language about optimizing or reshaping the portfolio. | "portfolio review", "portfolio optimization" | 15 |
| Divestiture Rumor | A sale is referenced but is not yet an operative announcement. | Deal phrases outside Item 1.01/2.01 | — |
| Margin Deterioration | Segment margins declining — pressure to shed the segment. | Reported segment results | — |
| Guidance Cut | Forward guidance reduced. | Guidance language in 8-K exhibits | — |
| Restructuring Charge | A charge taken to reorganize or exit operations. | Restructuring line items | — |
Counts are the trailing 30 days in the running system. A dash means the rule is live but produced nothing in that window.
Form type or an operative announcement carries the claim. Little interpretation needed.
Real language in a real filing, but intent is inferred rather than stated.
Worth a standing eye. Not a reason to pick up the phone today.
Before you consider paying for it
The section our competitors do not print.
They hold twenty years of licensed private-company data — ownership, valuations, fund histories. That is a real asset and DealDawn does not have it. DealDawn reads public filings as they land and cites them. Different question, different tool.
Who is quietly running a process right now travels by banker phone call, not by filing. No software sources that, including this one. What is in a filing is in here; what isn't, isn't.
The phrase rules scored 63–70% precision across five out-of-sample windows. Roughly two in three flags are what we say they are. The citation sits on every card, so checking a wrong one costs ten seconds. Recall is not yet measured, and we do not claim it.
An LLM classifier was built to sharpen two rules and measured three times against a recall floor fixed in writing beforehand. It cut recall by 14–33%, discarding signed-but-unclosed deals. It was switched off. Every rule that produces a flag here is one you can read.
Before the call
Paste the attendee list. DealDawn matches email domains to companies in the universe and returns what each has filed lately, cited — so you can reference a filing in the room instead of a summary of one.
the email domain → VOD · ACNT
Every signal on file for each matched company, with its citation. A domain matching more than one company is reported as unmatched rather than guessed.
Published, not "contact sales"
Start with a fixed-scope brief. Continue with monitoring only when the signals earn their place in your workflow.
Three cited situations · fixed scope
Three manually vetted public-company situations matching your investment criteria, delivered with the filings and context behind each one.
Built by founders combining 20 years of finance experience with the engineering to act on it — you will be emailing the people who write the rules. The first brief is human-vetted; continued monitoring is earned by usefulness, not promised by a black box. Every filing linked here resolves.