M&A: BRIGHTCOVE INC

Form Type: DEFM14A

Filing Date: 2024-12-31

Corporate Action: Merger

Type: New

Accession Number: 000119312524287076

Comments: Brightcove Inc. is soliciting stockholder approval for a proposed merger with Bending Spoons US Inc. The Special Meeting for stockholders is scheduled on January 30, 2025, to vote on the Merger Agreement dated November 24, 2024. The merger entails Bending Spoons acquiring Brightcove, with Brightcove becoming a wholly-owned subsidiary. Stockholders will receive $4.45 in cash for each share of common stock, representing a 39% premium over its most recent trading price before the announcement of the Merger Agreement. The proposal requires a majority vote of stockholders on record as of December 26, 2024. Other proposals include approval of non-binding compensation for executive officers tied to the merger and the potential adjournment of the meeting if needed for additional votes. The Board of Directors recommends that stockholders vote 'FOR' all proposals. If the merger is completed, Brightcove will be delisted from Nasdaq and will cease filing periodic reports with the SEC.

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