Weave Sets October 22 Vote on $7.40/Share Francisco Partners Buyout
WEAV sits 73% above its 52-week low of $4.24.
Summary
Weave Communications filed its definitive proxy statement for the Francisco Partners acquisition, setting a special meeting for October 22, 2026. HSR clearance was granted September 21, and support agreements now cover 11.7% of shares.
Key Events · M&A and Partnerships · WEAV
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Special Meeting Set for October 22
Stockholders of record as of September 14, 2026 will vote on adopting the merger agreement at a virtual special meeting on October 22, 2026 at 10:00 a.m. Eastern Time.
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HSR Waiting Period Terminated Early
The FTC granted early termination of the Hart-Scott-Rodino waiting period on September 21, 2026, clearing the primary U.S. antitrust hurdle for the acquisition.
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Support Agreements Cover 11.7% of Shares
Supporting stockholders, including all board members and funds affiliated with Crosslink Capital, Engine Capital, and 2717 Partners, have agreed to vote 9,428,100 shares (11.7% of outstanding) in favor of the merger.
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Merger Consideration Remains $7.40 Per Share
Each share of Weave common stock will convert into the right to receive $7.40 in cash, representing a 34% premium to the August 17, 2026 closing price of $5.53.
Analysis · WEAV · Technology
The definitive proxy statement locks in the shareholder vote date for the $7.40 per share cash acquisition by Francisco Partners. Support agreements now cover 11.7% of outstanding shares, and the HSR waiting period was terminated early on September 21, clearing the last major regulatory hurdle. With the stock trading at $7.34 — just below the $7.40 offer — the market is pricing in near-certain completion. The vote on October 22 is the final gating event before the company goes private.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.4% of the 1637 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. 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 $7.34 on NYSE in the Technology sector, with a market capitalization of approximately $587.3M. The 52-week trading range was $4.24 to $7.70. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.