secwatch.observer — SEC 8-K summary
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Issuer:     Thoughtworks Holding, Inc. (—)
CIK:        0001866550
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001213900-24-065016
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.02, 2.05, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Thoughtworks to be taken private by Apax funds at $4.40 per share; Q2 revenue $251.7M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866550/000121390024065016/0001213900-24-065016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866550/000121390024065016/ea0210599-8k_thought.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-065016

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