---
schema_version: "secwatch.filing_event.v1"
accession: "0001773751-26-000010"
form_type: "8-K"
ticker: "HIMS"
cik: "0001773751"
company_name: "Hims & Hers Health, Inc."
filed_at: "2026-02-19T23:59:59+00:00"
generated_at: "2026-05-16T01:47:39.083565+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Hims & Hers acquires Eucalyptus for up to $1.15B, expanding globally

## Summary
- Transaction valued up to $1.15B: ~$240M cash upfront, ~$710M deferred over 18 months, up to ~$200M earnouts.
- Eucalyptus has ARR >$450M, triple-digit YoY growth in 2025, and served >775,000 customers.
- Tim Doyle, Eucalyptus CEO, to become SVP of International at Hims & Hers post-close.
- Acquisition expected to close mid-2026, subject to regulatory approvals and customary conditions.
- Hims & Hers to finance with existing cash and US operating cash flows; option to settle payments in stock.

## SEC filing metadata
- accession: 0001773751-26-000010
- form_type: 8-K
- ticker: HIMS
- cik: 0001773751
- company_name: Hims & Hers Health, Inc.
- filed_at: 2026-02-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1773751/000177375126000010/0001773751-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1773751/000177375126000010/hims-20260219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001773751-26-000010
- JSON: https://secwatch.observer/filing/0001773751-26-000010.json
- Plain text: https://secwatch.observer/filing/0001773751-26-000010.txt

## Key facts
- Material Agreements
  Hims & Hers Health, Inc. entered into Securities Sale Deed with the sellers party thereto valued at up to approximately $1,150,000,000 (effective 2026-02-19).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: the sellers party thereto
  - Value: up to approximately $1,150,000,000
  - Effective: 2026-02-19
  source text: On February 19, 2026, Hims & Hers Health, Inc. (the “ Company ”), Hims, Inc. (the “ Guarantor ”), and Horizon BidCo Pty Ltd ACN 694 778 375, an Australian proprietary company (the “ Purchaser ”) and wholly-owned subsidiary of the Company, entered into a Securities Sale Deed (the “ Deed ”) with the sellers party thereto (the “ Sellers ”), pursuant to which, among other things, the Sellers agreed to sell and Purchaser agreed to purchase from each Seller (the “ Proposed Acquisition ”) all of the issued capital (the “ Target Equity ”) of EUC Management Pty Ltd ACN 631 013 860 (d/b/a Eucalyptus) (the “ Target ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1773751/000177375126000010/0001773751-26-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.