Weave Communications (WEAV) Proxy filing summary

Executive summary

• Entered into a definitive agreement to be acquired by Francisco Partners for $7.40 per share in cash, valuing the company at approximately $650 million.

• Transaction expected to close in Q4 2026, after which the company will become private and shares will be delisted.

• Board unanimously approved the transaction, citing compelling and certain cash value for shareholders and the ability to make long-term investments.

• No immediate changes to operations, management, or employee responsibilities until closing.

• Francisco Partners recognized for expertise in technology and healthcare investments, aiming to support growth and innovation.

Voting matters and shareholder proposals

• Shareholders will vote to approve the merger at a special meeting; proxy statement and meeting details to be provided.

• Approval by shareholders and regulatory authorities required for closing.

• Termination fees, if any, will be disclosed in the proxy and 8-K filings.

Board of directors and corporate governance

• Board conducted a thorough evaluation of strategic alternatives and engaged with multiple parties before approving the deal.

• No post-close employment arrangements for management have been determined; any such arrangements will be disclosed.