secwatch.observer — SEC 8-K summary
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Issuer:     INSTRUCTURE HOLDINGS, INC. (—)
CIK:        0001841804
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001193125-24-257230
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KKR and Dragoneer complete $4.8B acquisition of Instructure at $23.60 per share
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- All-cash transaction valued at ~$4.8B enterprise value; shareholders receive $23.60 per share.
- Instructure common stock ceased trading on NYSE; company is now privately held.
- Board of directors resigned; Steve Daly remains as CEO; other officers continue.
- Credit agreement with JPMorgan terminated and repaid in full at closing.
- Company aims for $1B revenue by 2028 with KKR and Dragoneer support.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841804/000119312524257230/0001193125-24-257230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841804/000119312524257230/d878225d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-257230

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