Bridgeline Digital to be Acquired by Constellation Software
Ticker: BLIN · Form: 8-K · Filed: Sep 25, 2024 · CIK: 1378590
| Field | Detail |
|---|---|
| Company | Bridgeline Digital, INC. (BLIN) |
| Form Type | 8-K |
| Filed Date | Sep 25, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | bullish |
Sentiment: bullish
Topics: acquisition, merger, software
Related Tickers: CGW.TO
TL;DR
Bridgeline Digital is being bought by Constellation Software for $60.6M ($1/share). Deal expected Q4 2024.
AI Summary
Bridgeline Digital, Inc. announced on September 19, 2024, that it has entered into a definitive agreement to be acquired by an affiliate of Constellation Software Inc. The transaction is valued at approximately $1.00 per share, representing a total equity value of approximately $60.6 million. The acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions.
Why It Matters
This acquisition by Constellation Software Inc. signifies a major strategic move, potentially leading to significant changes in Bridgeline Digital's operations and market position.
Risk Assessment
Risk Level: medium — The acquisition is subject to customary closing conditions, which introduces a degree of uncertainty until the deal is finalized.
Key Numbers
- $60.6 million — Total Equity Value (The total price Constellation Software Inc. is paying for Bridgeline Digital.)
- $1.00 — Per Share Price (The price per share offered in the acquisition.)
Key Players & Entities
- Bridgeline Digital, Inc. (company) — Registrant
- Constellation Software Inc. (company) — Acquiring entity
- $1.00 (dollar_amount) — Per share acquisition price
- $60.6 million (dollar_amount) — Total equity value of the acquisition
- September 19, 2024 (date) — Date of definitive agreement
- fourth quarter of 2024 (date) — Expected closing period of the acquisition
FAQ
What is the total value of the acquisition agreement?
The acquisition agreement has a total equity value of approximately $60.6 million.
What is the price per share being offered for Bridgeline Digital?
The acquisition is valued at approximately $1.00 per share.
Who is acquiring Bridgeline Digital?
Bridgeline Digital is being acquired by an affiliate of Constellation Software Inc.
When is the acquisition expected to be completed?
The acquisition is expected to close in the fourth quarter of 2024.
What is the filing date of this 8-K report?
This Form 8-K report was filed on September 25, 2024, reporting an event on September 19, 2024.
Filing Stats: 490 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-09-24 18:59:46
Key Financial Figures
- $1.00 — ment to maintain a minimum bid price of $1.00 per share, as set forth in Nasdaq Listi
Filing Documents
- blin20240919_8k.htm (8-K) — 24KB
- 0001437749-24-029926.txt ( ) — 156KB
- blin-20240919.xsd (EX-101.SCH) — 3KB
- blin-20240919_def.xml (EX-101.DEF) — 12KB
- blin-20240919_lab.xml (EX-101.LAB) — 15KB
- blin-20240919_pre.xml (EX-101.PRE) — 12KB
- blin20240919_8k_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. As previously disclosed, on August 9, 2024, Bridgeline Digital, Inc. (the "Company") received a letter from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, based upon the closing bid price of the Company's common stock for the thirty-one (31) consecutive business days ended August 8, 2024, the Company no longer satisfied the requirement to maintain a minimum bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5550(a)(2). On September 19, 2024, the Company received a letter from Nasdaq stating that its Staff has determined the closing bid price of the Company's common stock has been at $1.00 per share or greater from September 5, 2024 to September 18, 2024. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers this matter closed.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BRIDGELINE DIGITAL, INC. (Registrant) Date: September 24, 2024 By: /s/ Thomas R. Windhausen Thomas R. Windhausen Chief Financial Officer