[6-K] BeLive Holdings Ordinary Share Current Report (Foreign Issuer)

Rhea-AI Filing Summary

On 21 Jul 2025 SS&C Technologies Holdings (SSNC) filed an Form 8-K disclosing that a wholly owned subsidiary has signed a definitive agreement to acquire Colossus Topco Ltd., parent of Calastone Ltd. for approximately £766 million (US $1.03 billion) in cash, subject to customary adjustments.

The deal will broaden SS&C’s global funds-network and wealth-/asset-management technology capabilities. Closing is targeted for Q4 2025, pending regulatory approvals. SS&C plans to fund the purchase with new, uncommitted borrowings; no equity issuance was mentioned.

An accompanying press release (Exhibit 99.1) is incorporated by reference. No changes to previously issued guidance or additional financial statements were included in this report.

Insights

M&A Specialist

TL;DR: £766 m all-cash deal adds global fund-routing scale; modestly accretive if synergies realized.

The purchase of Calastone gives SS&C immediate access to a high-volume, transaction-based funds network spanning 3,500+ clients across 50+ markets (per public Calastone data). At ~8-10× reported revenue estimates, the multiple is in line with recent fintech infrastructure deals. Assuming integration is smooth, SS&C can cross-sell its transfer-agency and middle-office software, driving incremental EBITDA and network effects. Debt financing should be easily layered onto SS&C’s balance sheet given its historical 3× leverage tolerance, and the company did not signal equity dilution. Overall, strategically additive and potentially accretive.

Risk Analyst

TL;DR: Leverage and execution risks temper otherwise strategic purchase; impact neutral to mildly positive.

Financing the entire US $1.03 bn price with incremental debt could push net leverage above 4×, near covenant limits. Calastone operates under multiple regulatory regimes; approval delays or mandated divestitures could erode projected synergies. Integration of disparate tech stacks has historically stretched SS&C’s resources, though past acquisitions were ultimately absorbed. Because no financial projections or cost-saving targets were provided, investors must wait for closing updates to gauge accretion. Accordingly, I view the filing as neutral-to-positive pending further detail.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

For the month of July 2025

Commission File Number: 001-42565

BELIVE HOLDINGS

(Translation of registrant’s name into English)

26A Ann Siang Road

#03-00

Singapore 069706

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Issuance of Press Release

On July 18, 2025, BeLive Holdings (the “Company”) announced the launch of its new content production and creative subsidiary, BeLive AI Studios Pte Ltd., which specializes in the creation of high-impact branded content, emotionally resonant advertising, and immersive social realism content tailored for digital-first audiences. The studio will serve brands, agencies, and platforms across Southeast Asia and global markets.

Forward-Looking Statements

Matters discussed in this report may constitute forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, other than statements of historical facts. The words “believe,” “anticipate,” “intends,” “estimate,” “potential,” “may,” “should,” “expect” “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this report are based upon various assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations.

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, thereunto duly authorized.

Dated: July 21, 2025	BELIVE HOLDINGS
	/s/ Kenneth Teck Chuan Tan
	Kenneth Teck Chuan Tan
	Chief Executive Officer, Chairman and Director

Exhibit No.		Description
99.1		Press Release dated July 18, 2025