secwatch.observer — SEC 8-K summary
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Issuer:     HashiCorp, Inc. (—)
CIK:        0001720671
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001193125-25-037910
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 2.01, 3.01, 3.03, 5.03, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IBM completes $6.4B acquisition of HashiCorp at $35/share; HashiCorp delisted from Nasdaq
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- Merger closed Feb 27, 2025; each HashiCorp share converted into $35 cash, no interest.
- Enterprise value of $6.4B; HashiCorp becomes wholly owned subsidiary of IBM.
- HashiCorp common stock delisted from Nasdaq; trading suspended before Feb 27 open.
- All HashiCorp directors and named officers (Dave McJannet, Paul Warenski, Werner Schwok) replaced by IBM appointees.
- HashiCorp equity awards canceled or converted into IBM RSUs per merger agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720671/000119312525037910/0001193125-25-037910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720671/000119312525037910/d898526d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-037910

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