8-K
filed October 6, 2026, 4:15 PM ET
ticker SLP
CIK 0001023459
M&A
confidence high
sentiment neutral
materiality 0.65
Simulations Plus closes $376.8M Altaris take-private at $18.50/share; combined with Chemical Computing Group
Simulations Plus, Inc.
- Each outstanding share converted into the right to receive $18.50 in cash; total transaction valued at approximately $376.8 million.
- Simulations Plus became a wholly owned subsidiary of SP Evolution HoldCo II; shares ceased trading on Nasdaq as of October 6, 2026.
- Simulations Plus is being combined with Chemical Computing Group, an Altaris portfolio company, and will keep its own name and brand.
- Directors Daniel Weiner, Walter Woltosz, John Paglia and Sharlene Evans left the board; Matteo Foderaro and Charles Mullens became directors; Paul Labute named President.
- All options vested and were cashed out at the $18.50 consideration (in-the-money options only) and the 2021 Equity Incentive Plan was terminated.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dr. John K. Paglia departed as Director at Simulations Plus, Inc..
- Action
- ceased serving
- Role
- Director
Exact text from the filing
Pursuant to the terms of the Merger Agreement, at the Effective Time, each of Dr. Daniel Weiner, Dr. Walter S. Woltosz, Dr. John K. Paglia and Sharlene Evans ceased serving as a member of the Board of Directors of the Company (the “ Board ”) and on any and all committees of the Board on which they served.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matteo Foderaro was appointed as Director at Simulations Plus, Inc..
- Action
- became director
- Role
- Director
Exact text from the filing
At the Effective Time, Matteo Foderaro and Charles Mullens became the directors of the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dr. Daniel Weiner departed as Director at Simulations Plus, Inc..
- Action
- ceased serving
- Role
- Director
Exact text from the filing
Pursuant to the terms of the Merger Agreement, at the Effective Time, each of Dr. Daniel Weiner, Dr. Walter S. Woltosz, Dr. John K. Paglia and Sharlene Evans ceased serving as a member of the Board of Directors of the Company (the “ Board ”) and on any and all committees of the Board on which they served.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paul Labute was appointed as President at Simulations Plus, Inc..
- Action
- appointed
- Role
- President
Exact text from the filing
On October 6, 2026, following the consummation of the Merger, the Board appointed Paul Labute as President of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dr. Walter S. Woltosz departed as Director at Simulations Plus, Inc..
- Action
- ceased serving
- Role
- Director
Exact text from the filing
Pursuant to the terms of the Merger Agreement, at the Effective Time, each of Dr. Daniel Weiner, Dr. Walter S. Woltosz, Dr. John K. Paglia and Sharlene Evans ceased serving as a member of the Board of Directors of the Company (the “ Board ”) and on any and all committees of the Board on which they served.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Charles Mullens was appointed as Director at Simulations Plus, Inc..
- Action
- became director
- Role
- Director
Exact text from the filing
At the Effective Time, Matteo Foderaro and Charles Mullens became the directors of the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sharlene Evans departed as Director at Simulations Plus, Inc..
- Action
- ceased serving
- Role
- Director
Exact text from the filing
Pursuant to the terms of the Merger Agreement, at the Effective Time, each of Dr. Daniel Weiner, Dr. Walter S. Woltosz, Dr. John K. Paglia and Sharlene Evans ceased serving as a member of the Board of Directors of the Company (the “ Board ”) and on any and all committees of the Board on which they served.
View on SEC.gov
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