secwatch.observer — SEC 8-K summary
======================================

Issuer:     Accolade, Inc. (—)
CIK:        0001481646
Form:       8-K
Filed at:   2025-04-08T23:59:59+00:00
Accession:  0001140361-25-012719
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accolade acquired by Transcarent for $7.03 per share; shares to be delisted
---------------------------------------------------------------------------

- Holders of Accolade common stock received $7.03 cash per share; trading halted on April 8, 2025.
- Company notified Nasdaq of delisting; intends to file Form 15 to suspend SEC reporting.
- Directors and officers resigned; Cavanaugh and Eskew get 12-month base salary separation.
- Convertible senior notes (0.50% due 2026) conversion right changed to cash based on $7.03; repurchase right by May 6, 2025.
- Certificate of incorporation and bylaws amended and restated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481646/000114036125012719/0001140361-25-012719-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481646/000114036125012719/ef20047047_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-012719

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