Recent Updates — WEAV
Francisco Partners completed its acquisition of Weave Communications through a merger on October 26, 2026. Stockholders received $7.40 per share in cash, representing an aggregate transaction value of approximately $597.46 million and a total deal valuation of roughly $650 million. The company's common stock was delisted from the New York Stock Exchange, and Weave became a wholly owned subsidiary of Willow Parent, LLC, an affiliate of Francisco Partners. Concurrently, the company entered into a new credit agreement providing a $190 million term loan facility, a $25 million delayed draw term loan, and a $25 million revolving credit facility with Hercules Capital, while repaying its existing line of credit in full. Weave operates as a vertical SaaS provider delivering an AI-powered patient engagement and payments platform for healthcare practices.
Weave Communications stockholders voted to adopt the Agreement and Plan of Merger with Willow Parent, LLC, an affiliate of Francisco Partners, on October 22, 2026. The proposal received 58,845,446 votes in favor against 2,324,059 opposed, representing approximately 76.1% of outstanding shares present or represented by proxy. The transaction involves the acquisition of Weave Communications by Parent through a merger with Merger Sub, with Weave surviving as a wholly owned subsidiary. This approval clears a key regulatory and shareholder hurdle for the proposed buyout. Weave Communications operates in the customer experience management software industry.
Weave Communications filed a current report to provide supplemental disclosures in connection with its proposed acquisition by Francisco Partners affiliate Willow Parent. The filing addresses two complaints and 13 demand letters from stockholders alleging disclosure deficiencies in the definitive proxy statement, though the company maintains these claims are without merit. To mitigate potential delays, Weave voluntarily supplemented the proxy with additional financial analysis from Jefferies LLC, including updated comparable company multiples and a discounted cash flow valuation range of $6.25 to $8.08 per share. The special meeting for stockholders to vote on the merger remains scheduled for October 22, 2026. Weave Communications provides cloud-based communication software solutions for small businesses.
Weave Communications, Inc. announced that the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act was granted on September 21, 2026, satisfying a condition to close its previously disclosed acquisition by Francisco Partners-affiliated entities. The merger is expected to close in the fourth quarter of 2026, subject to customary conditions including stockholder approval. Weave Communications operates in the technology industry, providing customer communication and practice management software for healthcare providers.
Weave Communications, Inc. entered into an Agreement and Plan of Merger with Willow Parent, LLC, a Delaware limited liability company affiliated with Francisco Partners Management, L.P., to be acquired in an all-cash transaction. Under the terms, each outstanding share of common stock will convert into $7.40 in cash, subject to tax withholding. The Board unanimously approved and recommends the merger, which requires approval by a majority of voting shares, expiration of Hart-Scott-Rodino waiting periods, and absence of governmental restraints. The transaction is expected to close in the fourth quarter of 2026, contingent on these conditions and receipt of a credit facility payoff letter. Weave Communications operates in the customer experience management software industry.
On August 18, 2026, Weave Communications, Inc. announced it has entered into a definitive Agreement and Plan of Merger with affiliates of Francisco Partners to be acquired in an all-cash transaction valued at approximately $650 million. Under the terms, stockholders will receive $7.40 per share in cash, representing a 34% premium over the unaffected closing price on August 17, 2026. The transaction is expected to close in the fourth quarter of 2026, subject to customary conditions including stockholder approval and regulatory clearances. Upon completion, Weave will cease trading on the New York Stock Exchange and become a private company. Weave operates as a vertical SaaS provider delivering an AI-powered patient engagement and payments platform for healthcare practices.