---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-26-015850"
form_type: "8-K"
ticker: "BRZE"
cik: "0001676238"
company_name: "Braze, Inc."
filed_at: "2026-10-20T13:11:21+00:00"
generated_at: "2026-10-20T13:12:06.929525+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Salesforce to acquire Braze for $47.50 per share in cash; Braze board unanimously approves

## Summary
- Salesforce's Banff Acquisition Sub will merge into Braze; each Braze Class A share converts into $47.50 in cash at closing.
- Braze must pay Parent $191,390,000 if it accepts a superior proposal or its board withdraws support; Parent pays Braze $300,000,000 if regulators permanently block the deal.
- Closing conditions include a majority vote of Braze Class A holders, HSR clearance and other antitrust/foreign-investment approvals; outside date Oct 19, 2027, extendable twice by 90 days.
- Vested RSUs and in-the-money options are cashed out at $47.50; unvested RSUs/PSUs convert into Salesforce RSUs; Braze's ESPP terminates before closing.
- Certain Braze stockholders signed a voting and support agreement to vote for the merger and against competing proposals.

## SEC filing metadata
- accession: 0000950103-26-015850
- form_type: 8-K
- ticker: BRZE
- cik: 0001676238
- company_name: Braze, Inc.
- filed_at: 2026-10-20T13:11:21+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1676238/000095010326015850/0000950103-26-015850-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1676238/000095010326015850/dp254600_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-26-015850
- JSON: https://secwatch.observer/filing/0000950103-26-015850.json
- Plain text: https://secwatch.observer/filing/0000950103-26-015850.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.