secwatch.observer — SEC 8-K summary
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Issuer:     ZUORA INC (—)
CIK:        0001423774
Form:       8-K
Filed at:   2025-02-14T23:59:59+00:00
Accession:  0001140361-25-004515
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 3.01, 3.03, 5.03, 5.01, 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silver Lake and GIC complete acquisition of Zuora for $10/share; total equity value ~$1.7B
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- Acquisition closed Feb 14, 2025; Zuora stockholders approved on Feb 13, 2025 with 171M votes for.
- Each share of common stock converted into $10.00 cash, total equity value approximately $1.7 billion.
- CEO Tien Tzuo rolled over ~$70M of shares; all directors resigned at closing.
- Zuora repurchased $103M principal of 3.95%/5.50% convertible notes for $130M cash prior to merger.
- Zuora's Class A stock will be delisted from NYSE; company will cease reporting under Exchange Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423774/000114036125004515/0001140361-25-004515-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423774/000114036125004515/ef20043658_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-004515

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