BLACKBERRY Ltd (BB): M&A transaction — BlackBerry closes $80M+ sale of Cylance to Arctic Wolf; receives cash and shares

BLACKBERRY Ltd

Deal closed Feb 3, 2025; BlackBerry receives ~$80M cash and 5.5M Arctic Wolf shares at closing.
Additional ~$40M cash due on first anniversary of closing.
BlackBerry will continue as Arctic Wolf customer, reseller for government customers, and shareholder.
Arctic Wolf launches Aurora Endpoint Security, integrating Cylance AI-driven capabilities.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BLACKBERRY Ltd completed a disposition involving Arctic Wolf Networks, Inc. for approximately $80 million of cash and 5.5 million common shares in Arctic Wolf at closing and expects to receive approximately $40 million of additional cash on (closed 2025-02-03).

Action: disposition
Counterparty: Arctic Wolf Networks, Inc.
Consideration: approximately $80 million of cash and 5.5 million common shares in Arctic Wolf at closing and expects to receive approximately $40 million of additional cash on
Closing: 2025-02-03

Exact text from the filing

Company, Arctic Wolf, and certain subsidiaries of the Company and Arctic Wolf (the “Equity and Asset Purchase Agreement”) governing the sale, the Company received approximately $80 million of cash and 5.5 million common shares in Arctic Wolf at closing and expects to receive approximately $40 million of additional cash on the first anniversary of closing. The

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Source: SEC EDGAR

accession 0001070235-25-000041

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