Freshworks acquires Device42 for $230M; $215M cash plus $15M equity rollover

Freshworks Inc.

Device42 acquired for $230M on cash-free, debt-free basis; $215M cash and $15M equity rollover by founder Raj Jalan.
Up to $20M in Freshworks RSUs allocated for retention of Device42 employees.
Transaction subject to regulatory approvals; Device42 stockholders have already delivered written consent adopting the merger.
Device42 will become a wholly-owned subsidiary of Freshworks post-closing.

item 1.01 item 9.01

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

Freshworks Inc. entered into Agreement and Plan of Merger with Device42 valued at $230 million (effective 2024-04-30).

Action: entry
Agreement: merger
Counterparty: Device42
Value: $230 million
Effective: 2024-04-30

Exact text from the filing

On April 30, 2024, Freshworks Inc. (“Freshworks” or the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with D42 Parent, Inc., a Delaware corporation (“Device42”), pursuant to which Freshworks

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Source: SEC EDGAR

accession 0001193125-24-127540

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