Model N to be acquired by Vista Equity Partners for $30/share, ~$1.25B

MODEL N, INC.

$30.00 per share all-cash consideration, valuing Model N at approximately $1.25 billion.
Premium of ~23% over 30-day VWAP prior to sale process authorization; ~16% over recent VWAP.
Expected to close mid-2024; subject to stockholder approval and HSR clearance.
Upon close, Model N will become a privately held company; shares will no longer be listed.
Board unanimously approved; cites challenges as a standalone public company as rationale.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MODEL N, INC. entered into Agreement and Plan of Merger with Mountain Parent, LLC and Mountain Merger Sub, Inc. (effective 2024-04-07).

Action: entry
Agreement: merger
Counterparty: Mountain Parent, LLC and Mountain Merger Sub, Inc.
Effective: 2024-04-07

Exact text from the filing

On April 7, 2024, Model N, Inc., a Delaware corporation (“Model N”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Mountain Parent, LLC, a Delaware limited liability company (“Parent”), and Mountain Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”).

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419 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001193125-24-089150

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