Weave Closes $7.40/Share Francisco Partners Buyout; Stock Delisted from NYSE
Summary
Francisco Partners completed its $7.40-per-share all-cash acquisition of Weave on October 26, 2026, paying roughly $597.46 million to stockholders and delisting the stock from the NYSE. The company is now private, financed by a new $190 million Hercules Capital term loan.
Key Events · M&A and Partnerships · WEAV
-
Merger Closed at $7.40 Per Share
Each outstanding share converted into the right to receive $7.40 in cash, without interest, and total Merger Consideration payable to stockholders was approximately $597.46 million.
-
New $240M Hercules Credit Facility
Weave entered a Credit Agreement with Hercules Capital providing a $190,000,000 term loan, a $25,000,000 delayed draw term loan and a $25,000,000 revolver, secured by substantially all assets.
-
NYSE Delisting and Trading Halt
The company notified the NYSE and requested a Form 25 delisting; trading of WEAV was suspended prior to the opening of trading on the Closing Date, with a Form 15 deregistration to follow.
-
Old Credit Line Repaid, Activist Pact Ended
The existing First-Citizens revolving facility was repaid in full and terminated, and the March 28, 2026 Cooperation Agreement with Engine Capital and 2717 Partners was mutually terminated.
Analysis · WEAV · Technology
The deal shareholders approved on October 22 is now done: Weave is a private Francisco Partners subsidiary, and each share converted into $7.40 in cash, or about $597.46 million in total. With the stock halted on the NYSE before the open on October 26, there is no remaining public equity to trade and the arbitrage spread is closed. What is new for anyone still holding the name is the balance sheet underneath the deal: a $190 million Hercules Capital term loan plus a $25 million delayed draw and a $25 million revolver now fund the company, and the old First-Citizens facility was repaid and terminated. The activist cooperation agreement with Engine Capital and 2717 Partners also ended, and the board was replaced by Francisco Partners' Brett White and Jason Christiansen.
How filings like this one have moved
In the 30 days to Oct 26, 2026, 36.2% of the 898 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.75%. 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 $7.40 on NYSE in the Technology sector, with a market capitalization of approximately $595.3M. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.