secwatch.observer — SEC 8-K summary
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Issuer:     SMARTSHEET INC (—)
CIK:        0001366561
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001628280-25-002101
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smartsheet acquires by Blackstone/Vista for $56.50/sh; stock delisted
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- Acquisition completed Jan 22, 2025; shareholders receive $56.50 cash per share; total value ~$8.4B.
- Smartsheet stock ceased trading on NYSE; company now private and a wholly-owned subsidiary of Parent.
- Mark Mader continues as CEO and director; new directors from Blackstone/Vista appointed; Maxwell Long and Praerit Garg depart.
- Parent entered $2.9B term loan and $300M revolver; equity contributed by Blackstone, Vista, and ADIA.
- Amended articles of incorporation and bylaws; Smartsheet Non-Qualified Deferred Compensation Plan terminated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1366561/000162828025002101/0001628280-25-002101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1366561/000162828025002101/smar-20250122.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-002101

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