8-K
filed March 17, 2026, 7:59 PM ET
CIK 0001699838
M&A
confidence high
sentiment positive
materiality 1.00
Confluent, Inc.: debt financing — IBM completes $31/share acquisition of Confluent, enterprise value ~$11B
Confluent, Inc.
- IBM acquired Confluent for $31.00 per share in cash; enterprise value approximately $11 billion.
- Merger closed March 17, 2026; Confluent now a wholly owned subsidiary of IBM.
- Convertible senior notes adjusted: each $1,000 principal now convertible into cash based on $31.00 per share.
- All Confluent directors and officers (including CEO Jay Kreps) ceased; replaced by IBM appointees.
- Confluent Class A common stock delisted from Nasdaq; registration to be terminated.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Confluent, Inc. faced acceleration on convertible notes of $1,100,000,000 aggregate principal amount at 0% maturing due 2027.
- Instrument
- convertible notes
- Principal
- $1,100,000,000 aggregate principal amount
- Rate
- 0%
- Maturity
- due 2027
- Event
- acceleration
Exact text from the filing
and, together with the First Supplemental Indenture, the “Indenture”), relating to Confluent’s 0% Convertible Senior Notes due 2027 (the “Notes”). As of the Closing Date, $1,100,000,000 aggregate principal amount of the Notes were outstanding. As a result of the Merger, and pursuant to the First Supplemental Indenture, at and after the Effective Time, the right
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Confluent, Inc.: Bylaws amended and restated effective upon completion of the Merger.
- Change
- bylaw amendment
Exact text from the filing
Effective upon completion of the Merger, the bylaws of Confluent, as in effect immediately prior to the Merger, were amended and restated to be in the form of the bylaws filed herewith as Exhibit 3.2.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Confluent, Inc.: Certificate of incorporation amended and restated effective upon completion of the Merger.
- Change
- charter amendment
Exact text from the filing
Effective upon completion of the Merger, the certificate of incorporation of Confluent, as in effect immediately prior to the Merger, was amended and restated to be in the form of the certificate of incorporation filed herewith as Exhibit 3.1.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Confluent, Inc. entered into First Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $1,100,000,000 (effective 2026-03-17).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association
- Value
- $1,100,000,000
- Effective
- 2026-03-17
Exact text from the filing
On the Closing Date, Confluent and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee (the “Trustee”), entered into the First Supplemental Indenture, dated as of the Closing Date (the “First Supplemental Indenture”), to the Indenture, dated as of December 13, 2021, by and between Confluent and the Trustee (the “Original Indenture” and, together with the First Supplemental Indenture, the “Indenture”), relating to Confluent’s 0% Convertible Senior Notes due 2027 (the “Notes”). As of the Closing Date, $1,100,000,000 aggregate principal amount of the Notes were outstanding.
View on SEC.gov
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