---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-114310"
form_type: "8-K"
ticker: null
cik: "0001720671"
company_name: "HashiCorp, Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:06:44.089962+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# IBM to acquire HashiCorp for $35/share in cash; enterprise value $6.4B

## Summary
- Per share price $35 in cash; enterprise value $6.4 billion.
- Transaction expected to close by end of 2024, subject to regulatory and stockholder approvals.
- Stockholders representing ~43% voting power entered voting agreement to approve merger.
- Termination fee of $264.2 million payable by HashiCorp under certain circumstances.
- Board unanimously approved and recommends stockholder adoption.

## SEC filing metadata
- accession: 0001193125-24-114310
- form_type: 8-K
- cik: 0001720671
- company_name: HashiCorp, Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720671/000119312524114310/0001193125-24-114310-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720671/000119312524114310/d804229d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-114310
- JSON: https://secwatch.observer/filing/0001193125-24-114310.json
- Plain text: https://secwatch.observer/filing/0001193125-24-114310.txt

## Key facts
- Material Agreements
  HashiCorp, Inc. entered into Agreement and Plan of Merger with International Business Machines Corporation and McCloud Merger Sub, Inc. valued at $35.00 (effective 2024-04-24).
  - Action: entry
  - Agreement: merger
  - Counterparty: International Business Machines Corporation and McCloud Merger Sub, Inc.
  - Value: $35.00
  - Effective: 2024-04-24
  source text: On April 24, 2024, HashiCorp, Inc. ("HashiCorp") entered into an Agreement and Plan of Merger (the "Merger Agreement") with International Business Machines Corporation ("IBM") and McCloud Merger Sub, Inc., a wholly owned subsidiary of IBM ("Merger Sub").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720671/000119312524114310/0001193125-24-114310-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.