M&A - BLACKBERRY Ltd

Form Type: 8-K

Filing Date: 2025-02-03

Corporate Action: Acquisition

Type: New

Accession Number: 000107023525000041

Filing Summary: On February 3, 2025, BlackBerry Limited completed the previously-announced sale of its Cylance® endpoint security assets to Arctic Wolf Networks, Inc. The transaction was governed by the Equity and Asset Purchase Agreement dated December 15, 2024. BlackBerry received approximately $80 million in cash and 5.5 million common shares of Arctic Wolf at the closing of the deal. Additionally, BlackBerry expects to receive about $40 million in cash on the first anniversary of closing. The full details of the transaction are outlined in the Equity and Asset Purchase Agreement, which has been referenced in prior filings.

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