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<title>mgni-20200925</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8zNy9mcmFnOmI0NDk0ZTk4NGExZjQ3N2ViOTIzYTEwNTk1Y2RjNmRhL3RhYmxlOjQzM2UwNmZlNTBmZTRiZGU5ZjcxZWIxZmZmODQzMDlmL3RhYmxlcmFuZ2U6NDMzZTA2ZmU1MGZlNGJkZTlmNzFlYjFmZmY4NDMwOWZfMi0xLTEtMS0xMTA_432cc9d4-ec60-422f-9e88-60da2d2b22e7">0001595974</ix:nonNumeric><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" format="ixt:booleanfalse" name="dei:AmendmentFlag" 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style="text-align:right;"><span><br/></span></div></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:700;line-height:120%;">UNITED STATES</span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:700;line-height:120%;">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%;">Washington, D.C. 20549</span></div><div style="text-align:center;margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:700;line-height:201%;">FORM <ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGV4dHJlZ2lvbjpkNDk1NTlmZTU2NmE0ZWQ4YjlkMTA4MDBkMjQzNTZjN181NDk3NTU4MTgzMTA_a72c78fd-91c6-43bb-9861-2a297ea2fac8">8-K</ix:nonNumeric></span></div><div style="text-align:center;margin-top:5pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%;">CURRENT REPORT</span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%;">Pursuant to Section&#160;13 OR 15(d) of the Securities Exchange Act of 1934</span></div><div style="text-align:center;margin-top:5pt;"><span><br/></span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%;"><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGV4dHJlZ2lvbjpkNDk1NTlmZTU2NmE0ZWQ4YjlkMTA4MDBkMjQzNTZjN181NDk3NTU4MTgzMTI_66e3e00a-f5b2-4e14-bbdc-1961f337db61">September 25, 2020</ix:nonNumeric></span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%;">Date of Report (Date of earliest event reported)</span></div><div><span><br/></span></div><div style="text-align:center;margin-top:5pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%;"><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGV4dHJlZ2lvbjpkNDk1NTlmZTU2NmE0ZWQ4YjlkMTA4MDBkMjQzNTZjN181NDk3NTU4MTgzNTI_96e0ef67-ab89-4e93-9802-25b1a4c5fb04">MAGNITE, INC.</ix:nonNumeric></span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:120%;">(Exact name of registrant as specified in its charter)</span></div><div style="text-align:center;margin-bottom:16pt;"><span><br/></span></div><div style="margin-bottom:6pt;"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.902%;"><tr><td style="width:1.0%;"></td><td style="width:31.158%;"></td><td style="width:0.1%;"></td><td style="width:0.1%;"></td><td style="width:1.119%;"></td><td style="width:0.1%;"></td><td style="width:1.0%;"></td><td style="width:31.158%;"></td><td style="width:0.1%;"></td><td style="width:0.1%;"></td><td style="width:1.706%;"></td><td style="width:0.1%;"></td><td style="width:1.0%;"></td><td style="width:31.159%;"></td><td style="width:0.1%;"></td></tr><tr><td colspan="3" style="height:13pt;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;border-top:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="height:13pt;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;border-top:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="height:13pt;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;border-top:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="height:13pt;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;border-top:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="height:13pt;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;border-top:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;border-right:1pt solid #cbcbcb;padding-right:1pt;"></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:middle;border-top:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:700;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGFibGU6OTg4ZjkzNmU5Y2UyNDg3Y2E1NzJiYmUyZDVlYWNhN2MvdGFibGVyYW5nZTo5ODhmOTM2ZTljZTI0ODdjYTU3MmJiZTJkNWVhY2E3Y18xLTAtMS0xLTY5_fa383f94-52d3-401d-ad09-6c61cfb7b4aa">Delaware</ix:nonNumeric></span></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;border-top:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:middle;border-top:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:700;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" name="dei:EntityFileNumber" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGFibGU6OTg4ZjkzNmU5Y2UyNDg3Y2E1NzJiYmUyZDVlYWNhN2MvdGFibGVyYW5nZTo5ODhmOTM2ZTljZTI0ODdjYTU3MmJiZTJkNWVhY2E3Y18xLTItMS0xLTcx_580fed65-694f-44e5-9bfb-b9694d0bebb4">001-36384</ix:nonNumeric></span></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;border-top:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:middle;border-top:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;border-right:1pt solid #cbcbcb;padding-right:1pt;"><span style="font-size:10pt;font-weight:700;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" name="dei:EntityTaxIdentificationNumber" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGFibGU6OTg4ZjkzNmU5Y2UyNDg3Y2E1NzJiYmUyZDVlYWNhN2MvdGFibGVyYW5nZTo5ODhmOTM2ZTljZTI0ODdjYTU3MmJiZTJkNWVhY2E3Y18xLTQtMS0xLTg3_c4a5cf3d-5283-4cf7-b9f6-64775a4787da">20-8881738</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:middle;border-top:1pt solid #cbcbcb;border-bottom:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"><div style="padding-left:4pt;padding-right:4pt;text-align:center;margin-top:2pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:6pt;font-weight:700;line-height:139%;">(State or other jurisdiction</span></div><div style="padding-left:4pt;padding-right:4pt;text-align:center;margin-bottom:2pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:6pt;font-weight:700;line-height:139%;">of incorporation)</span></div></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;border-top:1pt solid #cbcbcb;border-bottom:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:middle;border-top:1pt solid #cbcbcb;border-bottom:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"><div style="padding-left:4pt;padding-right:4pt;text-align:center;margin-top:2pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:6pt;font-weight:700;line-height:139%;">(Commission</span></div><div style="padding-left:4pt;padding-right:4pt;text-align:center;margin-bottom:2pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:6pt;font-weight:700;line-height:139%;">File Number)</span></div></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;border-top:1pt solid #cbcbcb;border-bottom:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:middle;border-top:1pt solid #cbcbcb;border-bottom:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;border-right:1pt solid #cbcbcb;padding-right:1pt;"><div style="padding-left:4pt;padding-right:4pt;text-align:center;margin-top:2pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:6pt;font-weight:700;line-height:139%;">(IRS Employer</span></div><div style="padding-left:4pt;padding-right:4pt;text-align:center;margin-bottom:2pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:6pt;font-weight:700;line-height:139%;">Identification No.)</span></div></td></tr></table></div><div style="text-align:center;margin-top:21pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;"><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGV4dHJlZ2lvbjpkNDk1NTlmZTU2NmE0ZWQ4YjlkMTA4MDBkMjQzNTZjN181NDk3NTU4MTgzNTM_a6cf501f-5b7f-423f-814a-32578b8e1bfa">12181 Bluff Creek Drive</ix:nonNumeric>, <ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" name="dei:EntityAddressAddressLine2" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGV4dHJlZ2lvbjpkNDk1NTlmZTU2NmE0ZWQ4YjlkMTA4MDBkMjQzNTZjN181NDk3NTU4MTgzMzI_14a25c71-2945-46f0-a164-84cc27e5411e">4th Floor</ix:nonNumeric></span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;"><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGV4dHJlZ2lvbjpkNDk1NTlmZTU2NmE0ZWQ4YjlkMTA4MDBkMjQzNTZjN181NDk3NTU4MTgzNTQ_8f062862-b869-47fe-ad8d-7a640c73e5b0">Los Angeles</ix:nonNumeric>, <ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" name="dei:EntityAddressStateOrProvince" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGV4dHJlZ2lvbjpkNDk1NTlmZTU2NmE0ZWQ4YjlkMTA4MDBkMjQzNTZjN181NDk3NTU4MTgzMzQ_50de4deb-dd0f-46b3-b7da-2e3fb4fa583b">CA</ix:nonNumeric> <ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGV4dHJlZ2lvbjpkNDk1NTlmZTU2NmE0ZWQ4YjlkMTA4MDBkMjQzNTZjN181NDk3NTU4MTgzMzY_b3fae74a-6791-432c-8fff-d46bfc33eff4">90094</ix:nonNumeric></span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:6pt;font-weight:700;line-height:120%;">(Address of principal executive offices, including zip code)</span></div><div style="text-align:center;margin-top:5pt;"><span><br/></span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">(<ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGV4dHJlZ2lvbjpkNDk1NTlmZTU2NmE0ZWQ4YjlkMTA4MDBkMjQzNTZjN181NDk3NTU4MTgzNDM_801552e8-0773-4bf9-afcb-8a12d7b7281a">310</ix:nonNumeric>) <ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGV4dHJlZ2lvbjpkNDk1NTlmZTU2NmE0ZWQ4YjlkMTA4MDBkMjQzNTZjN181NDk3NTU4MTgzNDc_b0db0888-7f35-4c97-a336-54e2308b117d">207-0272</ix:nonNumeric></span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:6pt;font-weight:700;line-height:120%;">(Registrant&#8217;s telephone number, including area code)</span></div><div style="text-align:center;margin-top:5pt;"><span><br/></span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Not applicable</span></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:6pt;font-weight:700;line-height:120%;">(Former name or former address, if changed since last report)</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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: </span></div><div><span><br/></span></div><div style="margin-bottom:6pt;"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.902%;"><tr><td style="width:1.0%;"></td><td style="width:3.005%;"></td><td style="width:0.1%;"></td><td style="width:1.0%;"></td><td style="width:79.545%;"></td><td style="width:0.1%;"></td><td style="width:1.0%;"></td><td style="width:14.150%;"></td><td style="width:0.1%;"></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:middle;border-top:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Quivira',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" format="ixt-sec:boolballotbox" name="dei:WrittenCommunications" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGFibGU6MmY0NmY0ZjJhNWMwNDMxMTgzMjE3M2E3OTRjZWYwMDkvdGFibGVyYW5nZToyZjQ2ZjRmMmE1YzA0MzExODMyMTczYTc5NGNlZjAwOV8wLTAtMS0xLTEwMQ_016bd171-a145-4b95-a208-7cdeee76e7ed">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:middle;border-top:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;border-top:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;border-right:1pt solid #cbcbcb;padding-right:1pt;"></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;border-top:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Quivira',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" format="ixt-sec:boolballotbox" name="dei:SolicitingMaterial" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGFibGU6MmY0NmY0ZjJhNWMwNDMxMTgzMjE3M2E3OTRjZWYwMDkvdGFibGVyYW5nZToyZjQ2ZjRmMmE1YzA0MzExODMyMTczYTc5NGNlZjAwOV8xLTAtMS0xLTEwMQ_7b1c893a-d4df-46f2-a14b-f88ab9f16c8e">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:middle;border-top:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;border-top:1pt solid #cbcbcb;border-bottom:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;border-right:1pt solid #cbcbcb;padding-right:1pt;"></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;border-top:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Quivira',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" format="ixt-sec:boolballotbox" name="dei:PreCommencementTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGFibGU6MmY0NmY0ZjJhNWMwNDMxMTgzMjE3M2E3OTRjZWYwMDkvdGFibGVyYW5nZToyZjQ2ZjRmMmE1YzA0MzExODMyMTczYTc5NGNlZjAwOV8yLTAtMS0xLTEwMQ_cae51777-1333-47d1-b36c-0ec82afb32de">&#9744;</ix:nonNumeric></span></td><td colspan="6" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:middle;border-top:1pt solid #cbcbcb;border-bottom:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;border-right:1pt solid #cbcbcb;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></td><td colspan="3" style="display:none;"></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:top;border-top:1pt solid #cbcbcb;border-bottom:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Quivira',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" format="ixt-sec:boolballotbox" name="dei:PreCommencementIssuerTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGFibGU6MmY0NmY0ZjJhNWMwNDMxMTgzMjE3M2E3OTRjZWYwMDkvdGFibGVyYW5nZToyZjQ2ZjRmMmE1YzA0MzExODMyMTczYTc5NGNlZjAwOV8zLTAtMS0xLTEwMQ_67f5f7c4-132a-44c4-a139-2637c81760ff">&#9744;</ix:nonNumeric></span></td><td colspan="6" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:middle;border-top:1pt solid #cbcbcb;border-bottom:1pt solid #cbcbcb;border-left:1pt solid #cbcbcb;padding-left:1pt;border-right:1pt solid #cbcbcb;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td><td colspan="3" style="display:none;"></td></tr></table></div><div style="margin-top:16pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%;">Securities registered pursuant to Section 12(b) of the Act:</span></div><div style="margin-bottom:6pt;"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:97.998%;"><tr><td style="width:1.0%;"></td><td style="width:27.001%;"></td><td style="width:0.1%;"></td><td style="width:0.1%;"></td><td style="width:2.341%;"></td><td style="width:0.1%;"></td><td style="width:1.0%;"></td><td style="width:22.218%;"></td><td style="width:0.1%;"></td><td style="width:0.1%;"></td><td style="width:2.341%;"></td><td style="width:0.1%;"></td><td style="width:1.0%;"></td><td style="width:42.399%;"></td><td style="width:0.1%;"></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:700;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);">Title of each class</span></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:700;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);">Trading Symbol(s)</span></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:top;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:700;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);">Name of each exchange on which registered</span></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:top;border-top:1pt solid #000000;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:700;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGFibGU6ZjExY2E3Mjk2YzhjNGM4Zjg4YzUzYTJjZTMzMDFhYTEvdGFibGVyYW5nZTpmMTFjYTcyOTZjOGM0YzhmODhjNTNhMmNlMzMwMWFhMV8xLTAtMS0xLTEwMw_d5db614e-ea8b-4e86-b9b4-54360a706b94">Common Stock</ix:nonNumeric></span></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:top;border-top:1pt solid #000000;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:700;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGFibGU6ZjExY2E3Mjk2YzhjNGM4Zjg4YzUzYTJjZTMzMDFhYTEvdGFibGVyYW5nZTpmMTFjYTcyOTZjOGM0YzhmODhjNTNhMmNlMzMwMWFhMV8xLTItMS0xLTEwMw_43398fc7-3ec8-4e66-9801-4567722a3670">MGNI</ix:nonNumeric></span></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:center;vertical-align:top;border-top:1pt solid #000000;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:700;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);"><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" name="dei:SecurityExchangeName" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGFibGU6ZjExY2E3Mjk2YzhjNGM4Zjg4YzUzYTJjZTMzMDFhYTEvdGFibGVyYW5nZTpmMTFjYTcyOTZjOGM0YzhmODhjNTNhMmNlMzMwMWFhMV8xLTQtMS0xLTEwMw_7fb48437-22c2-4c69-82ec-1856387a2075">NASDAQ</ix:nonNumeric></span></td></tr></table></div><div style="margin-top:18pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167; 230.405 of this chapter) or Rule&#160;12b-2&#160;of the Securities Exchange Act of 1934 (&#167;&#160;240.12b-2&#160;of this chapter).</span></div><div style="margin-top:5pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:201%;">Emerging growth company&#160;&#160;</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Quivira',sans-serif;font-size:10pt;font-weight:400;line-height:201%;"><ix:nonNumeric contextRef="i889b1ed5e3c14a69b92aaa9d420d66da_D20200925-20200925" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany" id="id3VybDovL2RvY3MudjEvZG9jOjgyYmUxMmVjYjZmZjQ4OTdiODVkYjEwY2JiYzk5NDFkL3NlYzo4MmJlMTJlY2I2ZmY0ODk3Yjg1ZGIxMGNiYmM5OTQxZF8xL2ZyYWc6ZDQ5NTU5ZmU1NjZhNGVkOGI5ZDEwODAwZDI0MzU2YzcvdGV4dHJlZ2lvbjpkNDk1NTlmZTU2NmE0ZWQ4YjlkMTA4MDBkMjQzNTZjN181NDk3NTU4MTgzNDg_10f5b37c-f163-497e-9cca-4e833889fd2f">&#9744;</ix:nonNumeric></span></div><div style="margin-top:5pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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&#160;13(a) of the Exchange Act.&#160;&#160;</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Quivira',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">&#9744;</span></div><div style="position:relative;width:100%;height:43pt;"><div style="position:absolute;bottom:0;width:100%;"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:43pt;width:100%;"><div style="text-align:right;"><span><br/></span></div></div><div style="text-indent:-72pt;padding-left:72pt;text-align:justify;margin-bottom:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Item 1.01.&#160;&#160;&#160;&#160;Entry into a Material Definitive Agreement.</span></div><div style="text-indent:36pt;margin-bottom:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">On September 25, 2020, Magnite, Inc. (the &#8220;Company&#8221;) amended and restated its loan and security agreement (the "Loan Agreement") with Silicon Valley Bank (&#8220;SVB&#8221;), which was scheduled to expire on September 26, 2020. The Loan Agreement provides a senior secured revolving credit facility of up to the lesser of $60.0 million and 85% of eligible accounts, with a maturity date of September 25, 2022. The Loan Agreement includes a letter of credit, foreign exchange and cash management facility with a sublimit up to $10.0 million.  </span></div><div style="text-indent:36pt;margin-bottom:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">An unused revolver fee in the amount of 0.15% per annum of the average unused portion of the revolver line is charged and is payable monthly in arrears. The Company may elect for advances to bear interest calculated by reference to prime or LIBOR. If the Company elects LIBOR, amounts outstanding under the amended credit facility bear interest at a rate per annum equal to LIBOR plus 2.25%, with a floor of 3.5%. If the Company elects prime, advances bear interest at a rate of prime plus 0.25%, with a floor of 3.5%.  </span></div><div style="text-indent:36pt;margin-bottom:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Loan Agreement is collateralized by security interests in substantially all of the Company's assets. Subject to certain exceptions, the Loan Agreement restricts the Company's ability to, among other things, pay dividends, sell assets, make changes to the nature of the business, engage in mergers or acquisitions, incur, assume or permit to exist, additional indebtedness and guarantees, create or permit to exist, liens, make distributions or redeem or repurchase capital stock, or make other investments, engage in transactions with affiliates, make payments with respect to subordinated debt, and enter into certain transactions without the consent of the financial institution. </span></div><div style="text-indent:36pt;margin-bottom:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Loan Agreement requires the Company to comply with financial covenants, measured quarterly, with respect to a minimum liquidity ratio and maximum quarterly cash burn, as defined in the Loan Agreement.   The Loan Agreement also includes customary representations and warranties, affirmative covenants, and events of default. Following an event of default, SVB would be entitled to, among other things, accelerate payment of amounts due under the credit facility and exercise all rights of a secured creditor.</span></div><div style="text-indent:36pt;"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The foregoing is a summary description of certain terms of the Loan Agreement, is not complete and is qualified in its entirety by reference to the Loan Agreement, which will be filed as an exhibit to the Company&#8217;s Quarterly Report on Form&#160;10-Q for the quarter ended September 30, 2020.</span></div><div><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">&#160;</span></div><div><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Item 2.03.</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">&#160;&#160;</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</span></div><div><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">&#160;</span></div><div style="text-indent:36pt;"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The information set forth above in Item 1.01 hereby is incorporated into this Item 2.03 by reference.</span></div><div style="position:relative;width:100%;height:43pt;"><div style="position:absolute;bottom:0;width:100%;"><div><span><br/></span></div></div></div><div id="i82be12ecb6ff4897b85db10cbbc9941d_54"></div><hr style="page-break-after:always"/><div style="min-height:72pt;width:100%;"><div style="text-align:right;"><span><br/></span></div></div><div style="text-align:center;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:350%;">SIGNATURE</span></div><div style="text-indent:24pt;margin-top:12pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">&#160;&#160;&#160;&#160;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.</span></div><div style="margin-bottom:35pt;"><span><br/></span></div><div style="margin-bottom:6pt;"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:98.237%;"><tr><td style="width:1.0%;"></td><td style="width:5.588%;"></td><td style="width:0.1%;"></td><td style="width:1.0%;"></td><td style="width:39.030%;"></td><td style="width:0.1%;"></td><td style="width:1.0%;"></td><td style="width:4.609%;"></td><td style="width:0.1%;"></td><td style="width:1.0%;"></td><td style="width:46.373%;"></td><td style="width:0.1%;"></td></tr><tr><td colspan="3" style="height:15pt;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="height:15pt;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="height:15pt;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="height:15pt;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td></tr><tr><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="6" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:700;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);">MAGNITE, INC.</span></td><td colspan="3" style="display:none;"></td></tr><tr><td colspan="3" style="height:18pt;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="height:18pt;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="height:18pt;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="height:18pt;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td></tr><tr><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);">Date:</span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);">September 30, 2020</span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);">By:</span></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);">/s/ Aaron Saltz</span></td></tr><tr><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;border-top:1pt solid #000000;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);">Aaron Saltz</span></td></tr><tr><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"></td><td colspan="3" style="padding-top:2px;padding-bottom:2px;background-color:rgb(255,255,255, 0.0);text-align:left;vertical-align:bottom;padding-left:1pt;padding-right:1pt;"><span style="font-size:10pt;font-weight:400;font-family:'Times New Roman',sans-serif;color:#000000;background-color:rgb(255,255,255, 0.0);">General Counsel and Corporate Secretary</span></td></tr></table></div><div style="position:relative;width:100%;height:72pt;"><div style="position:absolute;bottom:0;width:100%;"><div><span><br/></span></div></div></div></body></html>
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mgni-20200925
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
September 25, 2020
Date of Report (Date of earliest event reported)
MAGNITE, INC.
(Exact name of registrant as specified in its charter)
Delaware
001-36384
20-8881738
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
12181 Bluff Creek Drive
,
4th Floor
Los Angeles
,
CA
90094
(Address of principal executive offices, including zip code)
(
310
)
207-0272
(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
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:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
MGNI
NASDAQ
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.
☐
Item 1.01.    Entry into a Material Definitive Agreement.
On September 25, 2020, Magnite, Inc. (the "Company") amended and restated its loan and security agreement (the "Loan Agreement") with Silicon Valley Bank ("SVB"), which was scheduled to expire on September 26, 2020. The Loan Agreement provides a senior secured revolving credit facility of up to the lesser of $60.0 million and 85% of eligible accounts, with a maturity date of September 25, 2022. The Loan Agreement includes a letter of credit, foreign exchange and cash management facility with a sublimit up to $10.0 million.
An unused revolver fee in the amount of 0.15% per annum of the average unused portion of the revolver line is charged and is payable monthly in arrears. The Company may elect for advances to bear interest calculated by reference to prime or LIBOR. If the Company elects LIBOR, amounts outstanding under the amended credit facility bear interest at a rate per annum equal to LIBOR plus 2.25%, with a floor of 3.5%. If the Company elects prime, advances bear interest at a rate of prime plus 0.25%, with a floor of 3.5%.
The Loan Agreement is collateralized by security interests in substantially all of the Company's assets. Subject to certain exceptions, the Loan Agreement restricts the Company's ability to, among other things, pay dividends, sell assets, make changes to the nature of the business, engage in mergers or acquisitions, incur, assume or permit to exist, additional indebtedness and guarantees, create or permit to exist, liens, make distributions or redeem or repurchase capital stock, or make other investments, engage in transactions with affiliates, make payments with respect to subordinated debt, and enter into certain transactions without the consent of the financial institution.
The Loan Agreement requires the Company to comply with financial covenants, measured quarterly, with respect to a minimum liquidity ratio and maximum quarterly cash burn, as defined in the Loan Agreement.   The Loan Agreement also includes customary representations and warranties, affirmative covenants, and events of default. Following an event of default, SVB would be entitled to, among other things, accelerate payment of amounts due under the credit facility and exercise all rights of a secured creditor.
The foregoing is a summary description of certain terms of the Loan Agreement, is not complete and is qualified in its entirety by reference to the Loan Agreement, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020.
Item 2.03.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth above in Item 1.01 hereby is incorporated into this Item 2.03 by reference.
SIGNATURE
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.
MAGNITE, INC.
Date:
September 30, 2020
By:
/s/ Aaron Saltz
Aaron Saltz
General Counsel and Corporate Secretary