secwatch.observer — SEC 8-K summary
======================================

Issuer:     Braze, Inc. (BRZE)
CIK:        0001676238
Form:       8-K
Filed at:   2026-10-20T13:11:21+00:00
Accession:  0000950103-26-015850
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1676238/000095010326015850/0000950103-26-015850-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1676238/000095010326015850/dp254600_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-015850

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer