Thoughtworks Holding, Inc.: restructuring charge — Thoughtworks to be taken private by Apax funds at $4.40 per share; Q2 revenue $251.7M

Thoughtworks Holding, Inc.

Apax affiliate to acquire Thoughtworks for $4.40/share cash; deal expected to close by Feb 5, 2025.
Majority stockholder (~61.2% owner) executed written consent; no further stockholder vote required.
Equity commitment of $600M from Apax funds to finance the merger; rollover agreements in place for certain holders.
Q2 2024 revenue of $251.7M; restructuring program expanded with pre-tax cash charges of $7.2M in Q2.
Upon closing, TWKS will delist from Nasdaq and become a private company.

item 1.01 item 2.02 item 2.05 item 5.07 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.7

Thoughtworks Holding, Inc. announced a restructuring.

Type: restructuring

Exact text from the filing

On August 2, 2024, the Company’s Audit Committee, pursuant to authority delegated to it by the Board, approved and committed to a further structural reorganization.

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Source: SEC EDGAR

accession 0001213900-24-065016

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