Ansys to Acquire Simulations Plus for $761M

Ticker: SLP · Form: 8-K · Filed: Jul 2, 2024 · CIK: 1023459

Sentiment: bullish

Topics: acquisition, merger, software

Related Tickers: ANSS

TL;DR

Ansys is buying Simulations Plus for $761M cash, deal expected to close by year-end.

AI Summary

Simulations Plus, Inc. announced on July 2, 2024, that it has entered into a definitive agreement to be acquired by Ansys, Inc. for approximately $10.00 per share in cash. The transaction is valued at approximately $761 million. This acquisition is expected to close in the fourth quarter of calendar year 2024, subject to customary closing conditions.

Why It Matters

This acquisition by Ansys, a major player in engineering simulation software, could significantly expand the reach and capabilities of Simulations Plus's offerings in the pharmaceutical and biotechnology sectors.

Risk Assessment

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

Key Numbers

Key Players & Entities

FAQ

What is the total value of the Ansys acquisition of Simulations Plus?

The acquisition is valued at approximately $761 million.

What is the per share price Ansys is paying for Simulations Plus?

Ansys is acquiring Simulations Plus for approximately $10.00 per share in cash.

When is the acquisition expected to close?

The transaction is expected to close in the fourth quarter of calendar year 2024.

Who is acquiring Simulations Plus?

Ansys, Inc. is acquiring Simulations Plus, Inc.

What are the conditions for the acquisition to close?

The acquisition is subject to customary closing conditions, including regulatory approvals.

Filing Stats: 796 words · 3 min read · ~3 pages · Grade level 12.4 · Accepted 2024-07-02 16:08:00

Key Financial Figures

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On July 2, 2024, Simulations Plus, Inc., a California corporation (the "Company"), issued a press release announcing financial results for its third quarter of fiscal year 2024 ended May 31, 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 July 2, 2024, the Company held an investor conference call reporting its financial results for its third quarter of fiscal year 2024 ended May 31, 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 upon manag

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits 99.1 Press release issued on July 2, 2024. 99.2 PowerPoint presentation used at the Investor Conference Call on July 2, 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: July 2, 2024 By: /s/ Will Frederick Will Frederick Chief Financial Officer and Chief Operating Officer 2

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