M&A - Braze, Inc.
Form Type: 8-K
Filing Date: 2025-03-27
Corporate Action: Acquisition
Type: New
Accession Number: 000167623825000051
Filing Summary: On March 27, 2025, Braze, Inc. announced its financial results for the quarter and fiscal year ended January 31, 2025. A significant highlight of this report was the acquisition of OfferFit, where Braze will acquire all outstanding shares of OfferFit for a purchase price of $325 million. The compensation for this acquisition will include a combination of cash and approximately 3.80 million shares of Braze's Class A Common Stock, which will be subject to specific lock-up periods and vesting schedules. The agreement stipulates that the transaction must meet customary closing conditions and is expected to close within the fiscal quarter ending July 31, 2025. Forward-looking statements regarding the acquisition also indicated potential benefits and risks associated with the merger, reflecting the company's strategic objectives in enhancing its CRM marketing capabilities through OfferFit's AI technology.
Document Link: View Document
Additional details:
Item 2 02: Financial results announcement for quarter and fiscal year ended January 31, 2025
Item 3 02: Acquisition of OfferFit involving issuance of approximately 3.80 million shares of Common Stock Consideration
Item 7 01: Entered a Merger Agreement with OfferFit, valuation of $325 million, expected closing by July 31, 2025
Item 9 01: Press Release exhibits related to financial results and the acquisition
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