Weave Files Proxy for $7.40/Share Francisco Partners Buyout — Support Agreements Lock 11.5% of Shares
WEAV sits 73% above its 52-week low of $4.24.
Summary
Weave's preliminary proxy statement for the Francisco Partners buyout reveals support agreements covering 11.5% of shares, termination fees, and Jefferies' fairness opinion. The deal remains on track to close in Q4 2026.
Key Events · M&A and Partnerships · WEAV
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Support Agreements Lock 11.5% of Shares
Directors and affiliated funds (Crosslink Capital, Engine Capital, 2717 Partners) holding 9,248,100 shares have signed Support Agreements to vote for the merger, representing approximately 11.5% of the 80,199,079 shares outstanding as of August 31, 2026.
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Termination Fees Disclosed
Company termination fee of $22,768,393.51 payable if Weave accepts a superior proposal; Parent termination fee of $39,031,531.73 payable if Francisco Partners fails to close.
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Jefferies Fairness Opinion
Jefferies opined the $7.40 per share consideration is fair, with implied per-share values of $6.25-$8.08 (DCF), $6.29-$8.21 (comparable companies), and $6.60-$9.51 (precedent transactions).
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HSR Waiting Period Expires September 28
HSR filings submitted August 28, 2026; the 30-day waiting period expires September 28, 2026 unless extended or terminated early.
Analysis · WEAV · Technology
Weave Communications filed its preliminary proxy statement for the $7.40 per share cash acquisition by Francisco Partners, first announced August 18, 2026. The filing adds material new details: directors and affiliated funds holding 9,248,100 shares (approximately 11.5% of outstanding) have signed Support Agreements to vote for the merger, giving the deal a meaningful head start toward the required majority approval. The proxy also discloses a $22.8 million company termination fee, a $39.0 million reverse termination fee payable by Francisco Partners, and Jefferies' fairness opinion with implied per-share values ranging from $6.25 to $9.51. HSR filings were submitted August 28 with the waiting period expiring September 28, 2026. The merger is expected to close in Q4 2026.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.5% of the 1062 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.61%. 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 $7.33 on NYSE in the Technology sector, with a market capitalization of approximately $586.4M. The 52-week trading range was $4.24 to $7.98. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.