m_and_a
confidence high
sentiment neutral
materiality 0.65
Rubrik acquires Predibase; up to ~1.6M shares to be issued as consideration
Rubrik, Inc.
- Predibase acquisition; up to 90% of consideration payable in Class A common stock.
- 77% of consideration elected stock at signing, equal to 1,371,810 shares; up to 230,575 additional shares possible.
- Predibase becomes wholly owned subsidiary; securityholders may elect cash or stock.
- Annual meeting re-elected directors John W. Thompson and Yvonne Wassenaar; KPMG ratified as auditor.
item 3.02item 5.07