BlackBerry Reports Asset Acquisition/Disposition
Ticker: BB · Form: 8-K · Filed: 2025-02-03T00:00:00.000Z
Sentiment: neutral
Topics: acquisition, disposition, corporate-action
Related Tickers: BBRY
TL;DR
BlackBerry just filed an 8-K about an asset deal. Keep an eye on this.
AI Summary
BlackBerry Limited filed an 8-K on February 3, 2025, reporting the completion of an acquisition or disposition of assets. The filing also includes information on other events and financial statements and exhibits. The company's principal executive offices are located at 2200 University Ave East, Waterloo, Ontario, Canada.
Why It Matters
This filing indicates a significant corporate action by BlackBerry, potentially impacting its business structure and future financial performance.
Risk Assessment
Risk Level: medium — Acquisitions or dispositions of assets can introduce significant financial and operational risks.
Key Players & Entities
- BlackBerry Limited (company) — Registrant
- 2200 University Ave East, Waterloo, Ontario, Canada (location) — Principal Executive Offices
- February 3, 2025 (date) — Date of Report
FAQ
What specific assets were acquired or disposed of by BlackBerry?
The provided text does not specify the details of the assets acquired or disposed of, only that the 'Completion of Acquisition or Disposition of Assets' is an item reported.
What is the financial impact of this asset transaction on BlackBerry?
The filing mentions 'Financial Statements and Exhibits' but does not provide specific financial figures related to the asset transaction in the provided text.
When did the reported asset acquisition or disposition officially conclude?
The filing is dated February 3, 2025, and the 'Date of Report (date of earliest event reported)' is also February 3, 2025, suggesting the event concluded on or around this date.
Are there any other significant events reported in this 8-K besides the asset transaction?
Yes, the filing explicitly lists 'Other Events' and 'Financial Statements and Exhibits' in addition to the 'Completion of Acquisition or Disposition of Assets'.
What is BlackBerry's former company name and when did it change?
BlackBerry Limited's former company name was RESEARCH IN MOTION LTD, and the date of the name change was September 11, 1998.
Filing Stats: 581 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2025-02-03 17:12:43
Key Financial Figures
- $80 million — ale, the Company received approximately $80 million of cash and 5.5 million common shares i
- $40 million — ng and expects to receive approximately $40 million of additional cash on the first anniver
Filing Documents
- bbry-20250203.htm (8-K) — 31KB
- a2025-02x03xarcticwolfandb.htm (EX-99.1) — 15KB
- 0001070235-25-000041.txt ( ) — 206KB
- bbry-20250203.xsd (EX-101.SCH) — 2KB
- bbry-20250203_def.xml (EX-101.DEF) — 15KB
- bbry-20250203_lab.xml (EX-101.LAB) — 26KB
- bbry-20250203_pre.xml (EX-101.PRE) — 16KB
- bbry-20250203_htm.xml (XML) — 3KB
01 Completion of Disposition of Assets
Item 2.01 Completion of Disposition of Assets On February 3, 2025, BlackBerry Limited (the "Company") completed the previously-announced sale of its Cylance endpoint security assets to Arctic Wolf Networks, Inc. ("Arctic Wolf"). Under the terms of the Equity and Asset Purchase Agreement dated December 15, 2024, by and among the Company, Arctic Wolf, and certain subsidiaries of the Company and Arctic Wolf (the "Equity and Asset Purchase Agreement") governing the sale, the Company received approximately $80 million of cash and 5.5 million common shares in Arctic Wolf at closing and expects to receive approximately $40 million of additional cash on the first anniversary of closing. The foregoing description of the transaction does not purport to be complete and is qualified in its entirety by the full text of the Equity and Asset Purchase Agreement, a copy of which filed as Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on December 20, 2024 and is incorporated herein by reference.
01 Other Events
Item 8.01 Other Events On February 3, 2025, the Company issued a press release announcing the closing of the sale. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits Exhibit Description 99.1 Press release issued by BlackBerry Limited dated February 3 , 202 5 104 Cover Page Interactive Data File (formatted as inline XBRL).
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 hereunto duly authorized. BlackBerry Limited Date: February 3, 2025 By: /s/ Tim Foote Name: Tim Foote Title: Chief Financial Officer