Spin-off - N-able, Inc.

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Form Type: 10-K

Filing Date: 2025-03-07

Corporate Action: Spin-off

Type: Update

Accession Number: 000183448825000053

Filing Summary: N-able, Inc. has released its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, highlighting significant developments, including its expected spin-off from SolarWinds Corporation into a standalone public company. This spin-off is anticipated to create strategic opportunities for N-able in focusing on its core offerings, including cybersecurity and IT management solutions tailored for managed service providers. The report elaborates on financial projections, risk factors related to economic conditions, customer acquisition challenges, and the impact of foreign exchange rates. Furthermore, it includes management's expectations regarding revenue growth, expenses, and potential tax implications from the spin-off.

Document Link: View Document

Additional details:

Business Overview: Leading global provider of cloud-based security, data protection, and unified endpoint management software solutions for IT service providers.

Expected Spin Off Date: Expected date of spin-off from SolarWinds is not disclosed, but it is a significant part of the company's strategic direction.

Market Value Of Non Affiliates: Approximately $1.1 billion as of June 30, 2024.

Shares Outstanding: 188,950,626 shares of common stock as of February 28, 2025.

Audit Report: Indicates that the company has filed a report attesting to the effectiveness of internal controls over financial reporting.

Securities Registered: Common stock registered under the New York Stock Exchange with the trading symbol NABL.

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