secwatch.observer — SEC 8-K summary
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Issuer:     Confluent, Inc. (—)
CIK:        0001699838
Form:       8-K
Filed at:   2026-03-17T23:59:59+00:00
Accession:  0001104659-26-029071
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 2.01, 2.04, 3.01, 3.03, 5.03, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IBM completes $31/share acquisition of Confluent, enterprise value ~$11B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699838/000110465926029071/0001104659-26-029071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699838/000110465926029071/tm268826d6_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-029071

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