Full Merger Agreement Filed: Accelerant Holdings and Thoma Bravo Detail $20.25/Share Cash Deal with 82% Voting Support
ARX has more than doubled off its 52-week low of $9.18 on elevated volume (22× avg).
Summary
The full merger agreement with Thoma Bravo has been filed, detailing the $20.25 per share cash deal, 82% voting support, go-shop period, and termination fees.
Key Events · M&A and Partnerships · ARX
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Merger Agreement Filed
A definitive merger agreement with Thoma Bravo affiliates was entered into on August 13, 2026, for $20.25 per share in cash, a 49% premium to the prior closing price.
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82% Voting Support Secured
ACP Insurance Management, LLC and ACP Accelerant Holdings, L.P., holding approximately 82% of outstanding voting rights, signed a Voting and Support Agreement to vote in favor of the merger.
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Go-Shop Period Until Sept 22
A go-shop period until September 22, 2026, allows the company to solicit alternative acquisition proposals from excluded parties.
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Ticking Fee for Delays
If closing occurs after the Ticking Amount Start Date, shareholders receive an additional $0.00333 per share per day until specified insurance regulatory approvals are obtained.
Analysis · ARX · Finance
The complete merger agreement between Accelerant Holdings and Thoma Bravo has been filed, laying out the full terms of the $20.25 per share cash acquisition. Notably, shareholders representing approximately 82% of voting rights have already committed to support the deal, making approval highly likely. The agreement includes a go-shop period until September 22, 2026, allowing the company to solicit alternative proposals, and a ticking fee of $0.00333 per share per day if closing is delayed. Termination fees are substantial: $136.5 million payable by the company in most cases, and $295.8 million payable by Thoma Bravo if it fails to close. Financing risk is reduced by an equity commitment letter from Thoma Bravo Discover Fund V, L.P., and a guarantee from the sponsor. The merger is expected to close in 2027, subject to regulatory approvals and shareholder vote.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 41.9% of the 322 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.38%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ARX was trading at $19.49 on NYSE in the Finance sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $9.18 to $30.48. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.