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.

Weave Communications reported second quarter 2026 financial results with total revenue of $67.5 million, a 15.5% year-over-year increase from $58.5 million in the prior period. The company achieved GAAP gross margin of 72.0% and Non-GAAP income from operations of $3.2 million, compared to a GAAP operating loss of $4.4 million and Non-GAAP operating income of $0.1 million in the same quarter last year. Cash flow from operating activities rose to $10.2 million, while free cash flow reached $8.7 million. Management provided third quarter 2026 revenue guidance between $68.6 million and $69.6 million and full-year revenue guidance of $273.0 million to $275.0 million. Weave Communications operates in the healthcare technology sector, providing AI-powered patient engagement and payment solutions for medical practices.