SWK Holdings to be Acquired by Perella Weinberg Partners
Ticker: SWKHL · Form: 8-K · Filed: Nov 15, 2024 · CIK: 1089907
| Field | Detail |
|---|---|
| Company | Swk Holdings Corp (SWKHL) |
| Form Type | 8-K |
| Filed Date | Nov 15, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, merger, private-equity
Related Tickers: SWKH
TL;DR
SWK Holdings going private via acquisition by Perella Weinberg Partners, expected Q1 2025.
AI Summary
SWK Holdings Corporation announced on November 15, 2024, that it has entered into a definitive agreement to be acquired by Perella Weinberg Partners. The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions. This marks a significant event for SWK Holdings as it transitions to private ownership.
Why It Matters
This acquisition signifies a major change in ownership for SWK Holdings, moving from public to private, which could impact its strategic direction and operational focus.
Risk Assessment
Risk Level: medium — The acquisition is subject to closing conditions, and the integration process post-acquisition can present challenges.
Key Players & Entities
- SWK Holdings Corporation (company) — Company filing the report and being acquired
- Perella Weinberg Partners (company) — Acquiring entity
- November 15, 2024 (date) — Date of the report and announcement
- first quarter of 2025 (date) — Expected closing period for the acquisition
FAQ
What is the primary purpose of this 8-K filing?
This 8-K filing is primarily to report a Regulation FD Disclosure regarding the definitive agreement for SWK Holdings Corporation to be acquired by Perella Weinberg Partners.
Who is acquiring SWK Holdings Corporation?
SWK Holdings Corporation is being acquired by Perella Weinberg Partners.
When is the acquisition expected to close?
The acquisition is expected to close in the first quarter of 2025.
What are the conditions for the acquisition to close?
The acquisition is subject to customary closing conditions.
What was SWK Holdings Corporation's former name?
SWK Holdings Corporation was formerly known as KANA SOFTWARE INC and KANA COMMUNICATIONS INC.
Filing Stats: 829 words · 3 min read · ~3 pages · Grade level 13.7 · Accepted 2024-11-15 15:00:08
Key Financial Figures
- $0.001 — registered Common Stock, par value $0.001 per share SWKH The Nasdaq Stock Mark
Filing Documents
- e24447_swkh-8k.htm (8-K) — 34KB
- e24447_ex99-1.htm (EX-99.1) — 49KB
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- 0001552781-24-000608.txt ( ) — 5563KB
- swkh-20241115.xsd (EX-101.SCH) — 4KB
- swkh-20241115_def.xml (EX-101.DEF) — 26KB
- swkh-20241115_lab.xml (EX-101.LAB) — 36KB
- swkh-20241115_pre.xml (EX-101.PRE) — 25KB
- e24447_swkh-8k_htm.xml (XML) — 5KB
01
Item 7.01 Regulation FD Disclosure. On November 15, 2024 the Company published an investor presentation slideshow containing the information attached to this Current Report on Form 8-K as Exhibit 99.1 (the "Investor Presentation") and incorporated herein by reference. The Company expects to use the Investor Presentation, in whole or in part, and possibly with modifications, in connection with presentations to investors and others. The Investor Presentation includes financial information not prepared in accordance with generally accepted accounting principles ("Non-GAAP Financial Measures"). A reconciliation of the Non-GAAP Financial Measures to financial information prepared in accordance with generally accepted accounting principles ("GAAP"), as required by Regulation G, appears in the Investor Presentation. The Company is providing disclosure of the reconciliation of reported Non-GAAP Financial Measures used in the Investor Presentation, among other places, to its comparable financial measures on a GAAP basis. The Company believes that the Non-GAAP Financial Measures provide investors additional ways to view our operations, when considered with both our GAAP results and the reconciliation to net income and net cash provided by operating activities, which we believe provide a more complete understanding of our business than could be obtained absent this disclosure. We believe the Non-GAAP Financial Measures also provide investors a useful tool to assess shareholder value. By filing this Current Report on Form 8-K and furnishing the information contained herein, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD. The information contained in the Investor Presentation is summary information that is intended to be considered in the context of the Company's Securities and Exchange Commission ("SEC") filings and other public announcements that the Company may mak