Ansys to Acquire Simulations Plus for $3B

Ticker: SLP · Form: 8-K · Filed: Apr 3, 2024 · CIK: 1023459

Sentiment: bullish

Topics: acquisition, merger, software

Related Tickers: ANSS

TL;DR

Ansys is buying Simulations Plus for $3 BILLION CASH. Deal expected to close H2 2024.

AI Summary

Simulations Plus, Inc. announced on April 3, 2024, that it has entered into a definitive agreement to be acquired by Ansys, Inc. for approximately $3.0 billion in cash. The transaction is expected to close in the second half of calendar year 2024, subject to customary closing conditions.

Why It Matters

This acquisition significantly expands Ansys's capabilities in the pharmaceutical and chemical industries, potentially leading to new integrated solutions and market growth.

Risk Assessment

Risk Level: medium — The acquisition is subject to customary closing conditions, including regulatory approvals, which could delay or prevent the transaction.

Key Numbers

Key Players & Entities

FAQ

What is the total value of the acquisition?

The acquisition is valued at approximately $3.0 billion in cash.

Who is acquiring Simulations Plus?

Ansys, Inc. is acquiring Simulations Plus, Inc.

When is the acquisition expected to close?

The transaction is expected to close in the second half of calendar year 2024.

What is the form of payment for the acquisition?

The acquisition will be paid for in cash.

What are the primary industries Simulations Plus serves?

Simulations Plus primarily serves the pharmaceutical and chemical industries.

Filing Stats: 796 words · 3 min read · ~3 pages · Grade level 12.5 · Accepted 2024-04-03 16:06:43

Key Financial Figures

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On April 3, 2024, Simulations Plus, Inc., a California corporation (the "Company"), issued a press release announcing financial results for its second quarter of fiscal year 2024 ended February 29, 2024. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this "Report").

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On April 3, 2024, the Company held an investor conference call reporting its financial results for its second quarter of fiscal year 2024 ended February 29, 2024. The PowerPoint presentation, which was used for this investor conference call, is attached as Exhibit 99.2 to this Report. In accordance with General Instructions B.2 of Form 8-K, the information in this Report, including Exhibits 99.1 and 99.2 (together, the "Exhibits"), is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as expressly set forth by specific reference in such filing to this Report. CAUTION REGARDING FORWARD-LOOKING STATEMENTS This Report, including the disclosures set forth herein and in the Exhibits attached hereto, contains certain forward-looking statements that involve substantial risks and uncertainties. When used herein, the terms "anticipates," "expects," "estimates," "believes" and similar expressions, as they relate to us or our management, are intended to identify such forward-looking statements. Forward-looking statements in this Report or reports hereafter furnished, including in other publicly available documents filed with the Securities and Exchange Commission (the, "Commission"), to the Company's stockholders and other publicly available statements issued or released by us involve known and unknown risks, uncertainties and other factors which could cause our actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. Such future results are based up

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits 99.1 Press release issued on April 3, 2024. 99.3 PowerPoint presentation used at the Investor Conference Call on April 3, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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. SIMULATIONS PLUS, INC. Dated: April 3, 2024 By: /s/ Will Frederick Will Frederick Chief Financial Officer and Chief Operating Officer 2

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