SWK Holdings to be Acquired by One Rock Capital Partners
Ticker: SWKHL · Form: 8-K · Filed: Mar 21, 2024 · CIK: 1089907
| Field | Detail |
|---|---|
| Company | Swk Holdings Corp (SWKHL) |
| Form Type | 8-K |
| Filed Date | Mar 21, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, going-private, merger
Related Tickers: SWKH
TL;DR
SWK Holdings is going private via acquisition by One Rock Capital Partners, expected to close Q2 2024.
AI Summary
SWK Holdings Corporation announced on March 21, 2024, that it has entered into a definitive agreement to be acquired by an affiliate of One Rock Capital Partners, LLC. The transaction is expected to close in the second quarter of 2024, subject to customary closing conditions. This acquisition will result in SWK Holdings becoming a privately held company.
Why It Matters
This acquisition will take SWK Holdings private, potentially impacting its stock liquidity and future strategic direction under new ownership.
Risk Assessment
Risk Level: medium — The acquisition is subject to closing conditions, and the terms of the deal, such as the purchase price, are not disclosed in this filing, creating uncertainty.
Key Players & Entities
- SWK Holdings Corporation (company) — Company being acquired
- One Rock Capital Partners, LLC (company) — Acquiring entity
- March 21, 2024 (date) — Date of definitive agreement
- second quarter of 2024 (date) — Expected closing period
FAQ
What is the purchase price for SWK Holdings Corporation?
The purchase price is not disclosed in this 8-K filing.
Who is acquiring SWK Holdings Corporation?
An affiliate of One Rock Capital Partners, LLC is acquiring SWK Holdings Corporation.
When is the acquisition expected to close?
The acquisition is expected to close in the second quarter of 2024.
What are the conditions for the acquisition to close?
The acquisition is subject to customary closing conditions.
What will happen to SWK Holdings Corporation after the acquisition?
SWK Holdings Corporation will become a privately held company.
Filing Stats: 501 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-03-21 07:00:21
Key Financial Figures
- $0.001 — registered Common Stock, par value $0.001 per share SWKH The Nasdaq Stock Mark
Filing Documents
- e24115_swkh-8k.htm (8-K) — 35KB
- e24115_ex99-1.htm (EX-99.1) — 219KB
- e24115001.jpg (GRAPHIC) — 5KB
- 0001552781-24-000165.txt ( ) — 492KB
- swkh-20240321.xsd (EX-101.SCH) — 4KB
- swkh-20240321_def.xml (EX-101.DEF) — 26KB
- swkh-20240321_lab.xml (EX-101.LAB) — 36KB
- swkh-20240321_pre.xml (EX-101.PRE) — 25KB
- e24115_swkh-8k_htm.xml (XML) — 5KB
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. SWK HOLDINGS CORPORATION By: /s/ Joe D. Staggs Joe D. Staggs President and Chief Executive Officer Date: March 21, 2024