Francisco Partners to Acquire Weave for $7.40/Share in $650M Deal
WEAV sits 31% above its 52-week low of $4.24.
Summary
Francisco Partners will acquire Weave Communications for $7.40 per share in cash, a 34% premium to the August 17 close and an equity value of about $650 million. The board unanimously approved the deal and recommends stockholders vote in favor. Weave will go private and delist from the NYSE after closing, expected in Q4 2026. Upon completion of the transaction, Weave will cease to trade on the NYSE and become a private company. This follows Q2 results where revenue missed slightly but adjusted EBITDA turned positive. The all-cash offer provides immediate, certain value to shareholders and removes public-market execution risk while FP invests in the AI platform.
At the time of this announcement, WEAV was trading at $5.55 on NYSE in the Technology sector, with a market capitalization of approximately $442.4M. The 52-week trading range was $4.24 to $8.11. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.