Weave Communications (WEAV) Proxy filing summary

Executive summary

• Announced definitive agreement for acquisition by Francisco Partners at $7.40 per share, a 34% premium, valuing the company at $650 million.

• Transaction will result in the company becoming private and delisting from the NYSE.

• Board unanimously approved the transaction, citing a thorough evaluation of alternatives and recommending shareholder approval.

• Transaction expected to close in Q4 2026, pending shareholder and regulatory approvals.

• No executive officer has entered into any agreement to roll over equity or invest alongside the buyer.

Voting matters and shareholder proposals

• Special meeting of stockholders will be called to vote on the proposed acquisition.

• Proxy statement and related materials will be filed with the SEC and distributed to shareholders.

• Board recommends shareholders vote in favor of the transaction.

Board of directors and corporate governance

• Board conducted a comprehensive review of strategic alternatives and engaged with multiple parties.

• Board unanimously determined the Francisco Partners transaction as the best path forward.