Weave to be acquired by Francisco Partners for $7.40/share cash, ~$650M equity value

Weave Communications, Inc.

• Stockholders receive $7.40/share cash, ~34% premium to Aug 17, 2026 close.
• Aggregate equity valuation ~$650M; deal unanimously approved by Weave board.
• Expected to close Q4 2026, subject to stockholder and regulatory approvals.
• Weave to remain private, keep Lehi HQ, operate under Weave name post-close.
• Jefferies advised Weave; Kirkland & Ellis counsel to Francisco Partners.