M&A - Braze, Inc.

Form Type: DEF 14A

Filing Date: 2025-05-15

Corporate Action: Acquisition

Type: New

Accession Number: 000114036125019268

Filing Summary: Braze, Inc. reported strong performance in the 2025 fiscal year, achieving a 26% revenue growth and reaching non-GAAP net income profitability over three consecutive quarters. The company continues to innovate in the customer engagement category, leveraging first-party data and technologies such as AI to enhance marketing strategies. A major highlight is the announcement of a definitive agreement to acquire OfferFit, Inc., an AI decision-making company, which complements Braze's real-time, cross-channel platform. The company positions itself not only as a leader in customer engagement but also integrates advanced technologies like reinforcement learning to create personalized consumer experiences. Braze invites stockholders to its Annual Meeting scheduled for June 26, 2025, where several proposals will be voted on, including the election of two directors and the approval of executive officer compensation.

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.