Crosslink Capital Commits to Vote for Weave's $7.40/Share Merger
WEAV sits 72% above its 52-week low of $4.24 on elevated volume (4.2× avg).
Summary
Crosslink Capital, holding 6.4% of Weave Communications, has agreed to vote for the $7.40 per share acquisition by Francisco Partners, strengthening the deal's path to approval.
Key Events · M&A and Partnerships · WEAV
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Support Agreements Signed
Crosslink Capital and Crosslink Capital Management entered into support agreements to vote their shares in favor of the merger with Francisco Partners.
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Ownership Stake Confirmed
The Reporting Persons collectively own 5,116,426 shares, representing 6.4% of Weave's outstanding common stock as of August 3, 2026.
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Merger Terms Reiterated
Each share of Weave common stock will be converted into the right to receive $7.40 in cash, subject to tax withholding.
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Vote Requirement
The merger requires approval by a majority of outstanding shares; Crosslink's support is a significant step toward securing that approval.
Analysis · WEAV · Technology
A major shareholder has thrown its weight behind the deal. Crosslink Capital, which controls 6.4% of Weave Communications, signed support agreements to vote in favor of the Francisco Partners acquisition at $7.40 per share. That locks in a key block of votes for the merger, which requires majority shareholder approval. The filing also confirms Crosslink's current ownership stake, providing clarity on insider alignment with the deal.
How filings like this one have moved
In the 30 days to Aug 22, 2026, 29.1% of the 2960 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. 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, WEAV was trading at $7.29 on NYSE in the Technology sector, with a market capitalization of approximately $584.8M. The 52-week trading range was $4.24 to $8.11. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.