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

Issuer:     Freshworks Inc. (FRSH)
CIK:        0001544522
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001193125-24-127540
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1544522/000119312524127540/0001193125-24-127540-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1544522/000119312524127540/d811311d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-127540

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