{ "edition": "2024-H2–2026-H1", "generatedAt": "2026-08-04", "window": { "start": "2024-07-01", "end": "2026-06-30", "label": "Q3 2024 – Q2 2026" }, "forms": [ "DEFM14A" ], "sizeBand": { "minUsd": 25000000, "maxUsd": 1000000000 }, "aggregate": { "n": 105, "screened": 435, "considerationMix": { "all-cash": { "count": 70, "share": 0.6666666666666666 }, "all-stock": { "count": 28, "share": 0.26666666666666666 }, "mixed": { "count": 4, "share": 0.0380952380952381 }, "unknown": { "count": 3, "share": 0.02857142857142857 } }, "cashPerShareUsd": { "n": 74, "min": 0.2, "p25": 5.575, "median": 12.25, "p75": 21.75, "max": 460, "mean": 24.713063513513514 }, "terminationFeeUsd": { "n": 94, "min": 250000, "p25": 4900000, "median": 11055264.5, "p75": 22427539.25, "max": 44000000, "mean": 15381763.667765956 }, "terminationFeePctOfDealValue": { "n": 94, "min": 0.625, "p25": 3.340273295221263, "median": 3.833127256352132, "p75": 4.122122794303144, "max": 8.676789587852495, "mean": 3.9397208438830447 }, "dealValueUsd": { "n": 105, "min": 27376278.25, "p25": 116400000, "median": 299112907.5, "p75": 601710821.21, "max": 1000000000, "mean": 384352683.1272381 }, "escrowPresent": { "count": 19, "share": 0.18095238095238095 }, "escrowAmountUsd": null, "rwiMentioned": { "count": 6, "share": 0.05714285714285714 }, "goShopPresent": { "count": 17, "share": 0.1619047619047619 }, "goShopWindowDays": { "n": 7, "min": 25, "p25": 30, "median": 35, "p75": 40, "max": 60, "mean": 37.142857142857146 }, "conditions": { "hsr": { "count": 66, "share": 0.6285714285714286 }, "cfius": { "count": 16, "share": 0.1523809523809524 }, "noFinancingCondition": { "count": 66, "share": 0.6285714285714286 }, "majorityOfMinority": { "count": 6, "share": 0.05714285714285714 }, "shareholderApproval": { "count": 97, "share": 0.9238095238095239 }, "materialAdverseEffect": { "count": 102, "share": 0.9714285714285714 } } }, "deals": [ { "adsh": "0001193125-24-173274", "cik": "0001593548", "target": "PlayAGS, Inc.", "form": "DEFM14A", "fileDate": "2024-07-01", "url": "https://www.sec.gov/Archives/edgar/data/1593548/000119312524173274/d822419ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 12.5, "exchangeRatio": null, "excerpt": { "text": "If the Merger is completed, you will be entitled to receive $12.50 in cash, without interest thereon and subject to any applicable withholding taxes required by applicable legal requirements, for each share of PlayAGS common stock (the “common stock”) that you own immediately prior to the time at which the Merger will become effective, which represents a premium of approximately 45.3% to the clos…", "offset": 3014 } }, "terminationFee": { "present": true, "amountUsd": 19300000, "excerpt": { "text": "(iii) under certain specified circumstances, PlayAGS will be required to pay Parent a termination fee of $19.3 million or $9.7 million, as applicable (the “PlayAGS Termination Fee”) plus enforcement expenses, if applicable, subject to a $4 million cap (the “enforcement expenses cap”), upon or following the termination of the Merger Agreement;", "offset": 33342 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": true, "windowDays": null, "excerpt": { "text": "The Board of Directors directed PlayAGS management to engage in full due diligence and negotiations with respect to a definitive merger agreement, with such definitive merger agreement to include a “go-shop” provision.", "offset": 132083 } }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…nsion thereof) under the Hart–Scott–Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations thereunder (the “ HSR Act”) has expired or been terminated, or if a governmental body has enacted, issued, or promulgated any legal requirement or issued or granted any order or injunction that has the effect of enjoining or otherwise prohibiting the consummation of the Merger.", "offset": 53196 } }, "cfius": { "present": true, "excerpt": { "text": "…contravention and consents; • disclosure and the accuracy of information supplied by or on behalf of Parent or Merger Sub; • absence of litigation; • financing; • sufficiency of proceeds; • stockholder and management arrangements; • ownership of PlayAGS stock; • solvency; 65 Table of Contents • brokers and other advisors; • no assets causing antitrust risk; and • CFIUS foreign person status risk.", "offset": 269538 } }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing of the Merger The obligation of Parent and Merger Sub to consummate the Merger is not subject to any financing condition.", "offset": 43878 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": false, "excerpt": null }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…l Restraint (as defined in the section of this proxy statement captioned “Proposal 1: Approval of the Merger Agreement—Conditions to the Closing of the Merger”); • in the case of Parent and Merger Sub, receipt of the Required Gaming Approvals; • in the case of Parent and Merger Sub, the absence of any continuing PlayAGS Material Adverse Effect (as defined below) having occurred since May 8, 2024;", "offset": 58059 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 518818650, "sharesOutstanding": 41505492, "annualRevenueUsd": 394865000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 518818650 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.719989634142874, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-24-174382", "cik": "0001600422", "target": "Superior Drilling Products, Inc.", "form": "DEFM14A", "fileDate": "2024-07-02", "url": "https://www.sec.gov/Archives/edgar/data/1600422/000119312524174382/d824632ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.313, "excerpt": { "text": "… exchange ratio of 0.313 of a share of DTI Common Stock, SDPI Stockholders receiving a portion of the Merger Consideration in shares of DTI Common Stock will have the opportunity to benefit from any increase in the trading price of shares of DTI Common Stock between the announcement of the Merger Agreement and the completion of the Transactions and that the cash portion of the Merger Considerati…", "offset": 173419 } }, "terminationFee": { "present": true, "amountUsd": 987715.77, "excerpt": { "text": "Upon termination of the Merger Agreement under certain circumstances, including to enter into a superior acquisition proposal, SDPI may be obligated to pay DTI a termination fee of $987,715.77 in cash.", "offset": 278005 } }, "dealValueUsd": { "present": true, "amountUsd": 30400000, "excerpt": { "text": "Such proposal contemplated a purchase price of $1.00 per share of SDPI Common Stock which the SDPI Stockholders could elect to receive in the form of $1.00 in cash or 0.243 shares of DTI Common Stock, which was based on the 20-day volume weighted average price of DTI Common Stock and SDPI Common Stock as of September 29, 2023, and reflected an aggregate transaction value of $30.4 million.", "offset": 128107 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": true, "windowDays": null, "excerpt": { "text": "The representatives of Mayer Brown discussed the mechanics and terms of a possible “go-shop” provision.", "offset": 148122 } }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…ans SDPI, as the surviving corporation of the First Merger. • “First Merger” means the merger of Merger Sub I with and into SDPI pursuant to the Merger Agreement, with SDPI continuing as the surviving corporation. • “FTC” means the Federal Trade Commission. • “ HSR Act” means the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended, and the rules and regulations promulgated thereunder.", "offset": 28439 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": true, "excerpt": { "text": "… Unaffiliated Stockholders”), (ii) approved the Merger Agreement and the transactions contemplated thereby, including the Merger, (iii) recommended that the SDPI Board approve the Merger Agreement and the transactions contemplated thereby, including the Merger, on the terms and subject to the conditions set forth in the Merger Agreement, and (iv) resolved and recommended that the SDPI Board reso…", "offset": 15430 } }, "shareholderApproval": { "present": true, "excerpt": { "text": "Furthermore, the SDPI Special Committee determined that, in light of the Utah Cleansing Statute, it would not propose a “majority of the unaffiliated” shareholder approval condition.", "offset": 151013 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…ditions, any one or more of which may be waived in writing by DTI: • each of the representations and warranties of SDPI being true and correct to applicable standards and each of the covenants of SDPI having been performed or complied with in all material respects; • no Company Material Adverse Effect (as defined in the Merger Agreement) shall have occurred since the date of the Merger Agreement;", "offset": 57403 } } } }, "size": { "dealValueUsd": 30400000, "impliedEquityValueUsd": null, "sharesOutstanding": 30391244, "annualRevenueUsd": 20973551, "revenueFiscalYear": 2023, "basis": "deal-value", "screenedValueUsd": 30400000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.249065032894737, "terminationFeePctBasis": "stated" }, { "adsh": "0001437749-24-022218", "cik": "0000876378", "target": "ASENSUS SURGICAL, INC.", "form": "DEFM14A", "fileDate": "2024-07-05", "url": "https://www.sec.gov/Archives/edgar/data/876378/000143774924022218/asxc20240701_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 0.35, "exchangeRatio": null, "excerpt": { "text": "KG, or KARL STORZ, and at the effective time of the merger each outstanding share of our common stock will be converted into the right to receive $0.35 in cash, without interest and less any applicable withholding taxes.", "offset": 1464 } }, "terminationFee": { "present": true, "amountUsd": 3600000, "excerpt": { "text": "…merger is not completed; and o the merger agreement may be terminated in circumstances requiring us to pay Parent a termination fee of $3,600,000, plus any amounts then due to KARL STORZ under the secured promissory note, or the \"Note,\" under which we secured bridge funding to enable us to continue operations while pursuing approval of the merger agreement, which amounts could exceed $20,000,000;", "offset": 18748 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Our Board considered that the merger consideration was payable in cash and the obligations of Parent and Merger Sub under the merger agreement are not subject to any financing contingency, which provides certainty of value and liquidity to our stockholders.", "offset": 156605 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Actual results could differ materially from those anticipated as a result of various factors, including: ● Risks related to the consummation of the merger, including the risks that: o the merger may not be consummated within the anticipated time period, or at all; o we may fail to obtain stockholder approval of the merger agreement;", "offset": 18179 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "Federal Income Tax Consequences 48 Appraisal Rights 50 THE MERGER AGREEMENT 55 Structure and Corporate Effects of the Merger 55 Timing of the Merger 55 Effect of the Merger on Our Common Stock 55 Treatment of Asensus Equity Awards 56 Payment for Common Stock in the Merger 57 Representations and Warranties; Material Adverse Effect 57 Conduct of the Business Pending the Merger 59 No Solicitation;", "offset": 12997 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 95494900.89999999, "sharesOutstanding": 272842574, "annualRevenueUsd": 8577000, "revenueFiscalYear": 2023, "basis": "implied-equity-value", "screenedValueUsd": 95494900.89999999 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.769834793346542, "terminationFeePctBasis": "implied" }, { "adsh": "0001140361-24-032682", "cik": "0000924717", "target": "SURMODICS INC", "form": "DEFM14A", "fileDate": "2024-07-08", "url": "https://www.sec.gov/Archives/edgar/data/924717/000114036124032682/ny20030523x2_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 43, "exchangeRatio": null, "excerpt": { "text": "… Equity Incentive Plan or 2019 Equity Incentive Plan and, in each case, that remains unvested and subject to forfeiture thereunder, (2) any shares that are directly or indirectly owned by Parent, any of its subsidiaries, or any of our subsidiaries, and (3) any dissenting shares) will be converted into the right to receive $43.00 in cash, without interest and less any applicable withholding taxes.", "offset": 1666 } }, "terminationFee": { "present": true, "amountUsd": 20380000, "excerpt": { "text": "The merger agreement may be terminated in circumstances requiring us to pay Parent a termination fee of $20.38 million.", "offset": 15538 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "The date on which the closing is to occur is referred to as the \" Closing Date .\" (b) The Closing shall be effected, to the extent practical and legally permissible, remotely by teleconference or other means of telecommunication following the electronic delivery of documents and instruments to be held in escrow pending authorization to release at the Closing.", "offset": 349334 } }, "rwi": { "present": true, "excerpt": { "text": "Thereafter and continuing until the signing of the merger agreement on May 28, 2024, the parties and their representatives engaged in frequent communication to complete due diligence review by GTCR, its financing sources, and the underwriter of its third-party representations and warranties insurance policy, to negotiate and resolve remaining points in the transaction documents, and to align on f…", "offset": 126037 } }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "We may fail to secure the termination or expiration of any waiting period applicable under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, which we refer to as the \" HSR Act .\" d.", "offset": 14707 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "The merger is not conditioned upon receipt of financing by Parent, but there are limitations on our ability to enforce the merger agreement if the debt financing is not funded.", "offset": 32117 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Our board of directors unanimously approved the merger agreement and has called a special meeting of our shareholders at which shareholders will have the opportunity to consider and vote upon a proposal to approve the merger agreement. Shareholder approval is one of several conditions to the proposed merger.", "offset": 2014 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "(2) such breach, inaccuracy or failure would have a Parent Material Adverse Effect (as defined in the m erger a greement);", "offset": 45454 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 614797789, "sharesOutstanding": 14297623, "annualRevenueUsd": 126078000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 614797789 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.3149110755829345, "terminationFeePctBasis": "implied" }, { "adsh": "0001104659-24-079694", "cik": "0000701288", "target": "ATRION CORP", "form": "DEFM14A", "fileDate": "2024-07-15", "url": "https://www.sec.gov/Archives/edgar/data/701288/000110465924079694/tm2417272-3_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 460, "exchangeRatio": null, "excerpt": { "text": "If the Merger is completed, you will be entitled to receive $460.00 in cash, without interest thereon, for each share of Atrion common stock (each, a \"Share\" and, collectively, the \"Shares\") that you own immediately prior to the time at which the Merger will become effective (unless you are entitled to and have properly exercised and not waived, withdrawn, failed to perfect or otherwise lost your…", "offset": 2925 } }, "terminationFee": { "present": true, "amountUsd": 20000000, "excerpt": { "text": "…(ii) the Shares will continue to be listed and traded on Nasdaq and registered under the Exchange Act and (iii) Atrion will continue to file periodic reports under the Exchange Act with the SEC; ​ • under certain specified circumstances, Atrion will be required to pay Nordson a termination fee of $20,000,000 (the \"Atrion Termination Fee\") upon or following the termination of the Merger Agreement;", "offset": 40175 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Regulatory Approvals Required for the Merger Under the Merger Agreement, the Merger cannot be consummated until (i) the applicable waiting period (and any extension thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations thereunder (the \"HSR Act\") or any voluntary agreement with the Department of Justice Antitrust Division (\"DOJ\") or the …", "offset": 63231 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…rformance by Atrion of the Merger Agreement and the consummation by Atrion of the Transactions to be consummated by Atrion, including the Merger, (iii) resolved, subject to Section 6.03(d) of the Merger Agreement, to recommend adoption of the Merger Agreement by the stockholders of Atrion, and (iv) directed that the adoption of the Merger Agreement be submitted to a vote of Atrion's stockholders.", "offset": 4308 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…respects with each of the agreements and covenants required by the Merger Agreement to be performed or complied with by it on or prior to the Effective Time; ​ • since the Signing Date, there must not have occurred an Atrion Material Adverse Effect (as defined in the section of this proxy statement below captioned \" Proposal 1: Adoption of the Merger Agreement - Representations and Warranties \");", "offset": 72242 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 809578840, "sharesOutstanding": 1759954, "annualRevenueUsd": 169326000, "revenueFiscalYear": 2023, "basis": "implied-equity-value", "screenedValueUsd": 809578840 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 2.470420299028566, "terminationFeePctBasis": "implied" }, { "adsh": "0001104659-24-084536", "cik": "0000921183", "target": "HMN FINANCIAL INC", "form": "DEFM14A", "fileDate": "2024-08-01", "url": "https://www.sec.gov/Archives/edgar/data/921183/000110465924084536/tm2414377-1_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 1.25, "excerpt": { "text": "We encourage you to submit your proxy as soon as possible. 1 TABLE OF CONTENTS Q: What will HMNF stockholders be entitled to receive in the merger?", "offset": 30880 } }, "terminationFee": { "present": true, "amountUsd": 4600000, "excerpt": { "text": "HMNF has agreed to pay Alerus a termination fee of $4.6 million if the merger agreement is terminated under the following circumstances: • Alerus terminates the merger agreement because HMNF breaches its covenant not to solicit an acquisition proposal from a third party or its obligations related to holding a stockholder meeting to approve the merger agreement and the transactions contemplated th…", "offset": 92531 } }, "dealValueUsd": { "present": true, "amountUsd": 116400000, "excerpt": { "text": "… \"HMNF.\" Based on the closing price of Alerus common stock reported on Nasdaq of $20.69 as of May 14, 2024, the trading day immediately preceding the public announcement of the merger, the implied merger consideration that an HMNF stockholder would be entitled to receive for each share of HMNF common stock owned would be $25.86, with an aggregate transaction value of approximately $116.4 million.", "offset": 2931 } }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "(c) The parties intend that the Closing will be effected, to the extent practicable, by conference call, the electronic delivery of documents, and, if requested by a party, the prior physical exchange of certain other documents and instruments to be held in escrow by outside counsel to the recipient party pending authorization to release at the Closing.", "offset": 556735 } }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "See \"Description of the Merger Agreement - Conditions to consummation of the merger.\" ​ Q: Is consummation of the merger subject to any conditions besides stockholder approval?", "offset": 61979 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…​ A-52 ​ ​ ​ Section 8.14 No Material Adverse Effect ​ ​ ​ ​ ​ A-52 ​ ​ ​ ARTICLE 9 CONDITIONS PRECEDENT TO THE OBLIGATIONS OF THE COMPANY ​ ​ ​ ​ A-52 ​ ​ ​ Section 9.1 Accuracy of Representations and Warranties ​ ​ ​ ​ ​ A-52 ​ ​ A-iii TABLE OF CONTENTS ​ ​ Section 9.2 Performance by Acquiror ​ ​ ​ ​ ​ A-52 ​ ​ ​ Section 9.3 Stockholder Approvals ​ ​ ​ ​ ​ A-52 ​ ​ ​ Section 9.4 No Proceedings;", "offset": 543765 } } } }, "size": { "dealValueUsd": 116400000, "impliedEquityValueUsd": null, "sharesOutstanding": 4464952, "annualRevenueUsd": null, "revenueFiscalYear": null, "basis": "deal-value", "screenedValueUsd": 116400000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.951890034364261, "terminationFeePctBasis": "stated" }, { "adsh": "0001104659-24-087307", "cik": "0001267602", "target": "ALIMERA SCIENCES INC", "form": "DEFM14A", "fileDate": "2024-08-08", "url": "https://www.sec.gov/Archives/edgar/data/1267602/000110465924087307/tm2419772-3_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 5.5, "exchangeRatio": null, "excerpt": { "text": "If the Merger is completed, you will be entitled to receive (i) $5.50 in cash, without interest thereon, less any applicable withholding taxes, for each share of our common stock, par value $0.01 per share (\" Common Stock \"), owned by you (unless you have perfected and not withdrawn your appraisal rights with respect to such shares), which represents a premium of approximately 79.8% to the averag…", "offset": 2837 } }, "terminationFee": { "present": true, "amountUsd": 10400000, "excerpt": { "text": "…he Company's stockholders, if a Change of Recommendation shall have occurred (a \" Change of Recommendation Termination \"). ​ Termination Fees The Company must pay Parent a termination fee of approximately $10.4 million if any of the following occurs: • (i) either party effects an Outside Date Termination or a Stockholder No-Vote Termination or Parent effects a Company Material Breach Termination;", "offset": 56393 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Regulatory Approvals Under the terms of the Merger Agreement, the Merger cannot be completed until, following the submission of required filings with the relevant governmental authorities, the waiting period applicable to the consummation of the Merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the \" HSR Act \"), has expired or been terminated.", "offset": 40106 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "… adoption of the Merger Agreement by our stockholders, the Company may provide information to, and engage or participate in negotiations or substantive discussions with, a person regarding an acquisition proposal if the Board of Directors determines in good faith after consultation with its outside legal and financial advisors that such proposal is a superior proposal or is reasonably likely to …", "offset": 49845 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… or waiver of certain customary conditions, including the adoption of the Merger Agreement by our stockholders, receipt of certain regulatory approvals, the absence of any legal prohibitions, the accuracy of the representations and warranties of the parties, compliance by the parties with their respective obligations under the Merger Agreement and the absence of a Company Material Adverse Effect.", "offset": 50968 } } } }, "size": { 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shareholders who have properly exercised dissenters’ rights under Georgia law), will be converted into the right to receive $10.10 in cash, without interest.", "offset": 2701 } }, "terminationFee": { "present": true, "amountUsd": 22000000, "excerpt": { "text": "If the merger agreement is terminated under certain other specified circumstances, IQV will be required to pay to the Company a termination fee of either $22,000,000 (the IQV No-Close Termination Fee) or $12,500,000 (the IQV Regulatory Termination Fee), depending on the applicable circumstance, but in no event will IQV be required to pay to the Company both the IQV No-Close Termination Fee and th…", "offset": 42397 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "… the consummation of the merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, which we refer to as the “ HSR Act ”, will have expired or been terminated, and (ii) the Company will have provided notice to the Federal Trade Commission (“ FTC ”) pursuant to the two outstanding consent orders issued by the FTC and binding on Aaron’s, LLC (collectively, the “ regulatory approvals ”);", "offset": 33800 } }, "cfius": { "present": true, "excerpt": { "text": "…ent Members A_23 Section 4.10 Solvency A-23 Section 4.11 Absence of Arrangements with Management A-24 Section 4.12 Brokers or Finders A-24 Section 4.13 Limited Guarantee A-24 Section 4.14 CFIUS A-24 Section 4.15 WTO Investor A-24 Section 4.16 Exclusivity of Representations and Warranties A-24 Article V COVENANTS A-25 Section 5.1 Interim Operations of the Company A-25 Section 5.2 Non-Solicitation;", "offset": 363978 } }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Important factors that could cause actual results to differ materially from those expressed in or implied by such statements include, among other things: (i) the ability to meet the closing conditions to the proposed transaction, including obtaining shareholder approval;", "offset": 68756 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "In addition, the obligation of IQV and Merger Sub to consummate the merger is also subject to no Company material adverse effect (as defined below) occurring since the date of the merger agreement.", "offset": 34790 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 310198997.2, "sharesOutstanding": 30712772, "annualRevenueUsd": 2139890000, "revenueFiscalYear": 2023, "basis": "implied-equity-value", "screenedValueUsd": 310198997.2 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 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set forth therein, (4) resolved to recommend that the shareholders of the Company adopt the Merger Agreement, and (5) directed that the Merger Agreement be submitted…", "offset": 14045 } }, "shareholderApproval": { "present": true, "excerpt": { "text": "The obligations of Parent, Merger Sub and Avangrid, as applicable, to consummate the Merger are subject to the satisfaction or waiver of certain conditions, including: • receipt of the Company Shareholder Approval;", "offset": 59951 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "The obligations of Parent and Merger Sub to consummate the Merger are subject to the satisfaction or waiver of certain additional conditions, including: • the accuracy of the representations and warranties of Avangrid in the Merger Agreement, subject to applicable materiality and Company Material Adverse Effect (as defined below in \" The Merger Agreement-Representations and Warranties \") qualifie…", "offset": 60748 } } } }, "size": { 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statement), be converted into the right to receive $1.00 in cash, without interest, and subject to deduction for any required tax withholding.", "offset": 2539 } }, "terminationFee": { "present": true, "amountUsd": 36055000, "excerpt": { "text": "… termination fee of $36,055,000 or (b) if Parent or Merger Sub breaches or fails to perform any of its representations, warranties, covenants or other agreements contained in the merger agreement, which breach or failure to perform (i) if it occurred or was continuing to occur on the closing date, would result in a failure of a closing condition and (ii) by its nature, cannot be cured prior to t…", "offset": 49565 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "(iii) \" 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applicable tax withholdings, for each share of Augmedix’s common stock, par value $0.0001 per share (Augmedix’s “common stock”) that you own (unless you have properly exercised your appraisal rights), which represents a premium of approximately 169% to the volume weighted average share p…", "offset": 1953 } }, "terminationFee": { "present": true, "amountUsd": 5240000, "excerpt": { "text": "If the Merger Agreement is terminated under certain specified circumstances, Augmedix will be required to pay Commure a termination fee of $5.24 million.", "offset": 61885 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": true, "windowDays": null, "excerpt": { "text": "…xecution of Augmedix’s current strategy as an independent public company; • the possibility that Augmedix could, following the Merger, engage in operational or other 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and each share of Chuy’s common stock will be converted (unless you have properly exercised your appraisal rights) into the right to receive $37.50 in cash, without interest and less any applicable withholding taxes.", "offset": 1345 } }, "terminationFee": { "present": true, "amountUsd": 11210529, "excerpt": { "text": "Termination Fees We have agreed to pay Darden a termination fee of $11,210,529 if, prior to the 10 th day after the No-Shop Period Start Date, we terminate the merger agreement to enter into an agreement providing for a superior proposal with a party who submitted a written bona fide acquisition proposal after the date we entered into the merger agreement and before the No-Shop Period Start Date,…", "offset": 39077 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": true, "windowDays": 25, "excerpt": { "text": 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false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Our board of directors unanimously approved the merger agreement and has called a special meeting of our stockholders at which stockholders will have the opportunity to consider and vote upon a proposal to adopt the merger agreement. 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the issued and outstanding shares of common stock, par value $2.50 per share, of Ambac Assurance Corporation, a Wisconsin stock insurance company and wholly-owned subsidiary of Ambac (“ AAC ”), for aggregate consideration of $420,000,000 in cash, subject to certain adjustments as more fully described in the accompanying proxy statement (the “ Sale ”).", "offset": 2202 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": true, "excerpt": { "text": "Rozov to discuss the introductory call with the OCI, the timing of Closing of the Sale, the Transition Services Agreement, the Warrant and Investment Management agreements, and the timing of representation and warranty insurance.", "offset": 172659 } }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Regulatory Approvals (page 58) Under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “ HSR Act 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receive $7.20 in cash, without interest and subject to applicable withholding taxes, for each share of Iteris common stock, par value $0.10 (\" Iteris common stock \"), you own (unless you have properly demanded appraisal for your shares in accordance with, and have complied in all respects with, Section 262 of the General Corporation Law of the S…", "offset": 3465 } }, "terminationFee": { "present": true, "amountUsd": 10900000, "excerpt": { "text": "… at least 30 days shall have elapsed since the date of delivery of such written notice to the Company and is not cured in all material respects. 11 TABLE OF CONTENTS Termination Fees (page 92 ) Under the Merger Agreement, Iteris may be required to pay to Parent a termination fee of $10.9 million (the \" Company Termination Fee \") if the Merger Agreement is terminated under specified circumstances.", "offset": 73977 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": 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Record Date entitled to vote on the matter is required to approve the Merger Proposal. Adoption of the Merger Agreement by our stockholders is a condition to the closing of the Merger (the \" Closing \").", "offset": 124627 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…ther hand, of or with their respective covenants and agreements required to be performed or complied with by them under the Merger Agreement on or before the Closing Date of the Merger; and • since the date of the Merger Agreement, there not having occurred a Company Material Adverse Effect (as defined in \" The Merger Agreement-Representations and Warranties \" on page 77 of this proxy statement).", "offset": 70825 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 308324332.8, "sharesOutstanding": 42822824, "annualRevenueUsd": 171987000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 308324332.8 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.535238331990643, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-24-226433", "cik": "0000013156", "target": "Galaxy Gaming, Inc.", "form": "DEFM14A", "fileDate": "2024-09-26", "url": "https://www.sec.gov/Archives/edgar/data/13156/000119312524226433/d858569ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 3.2, "exchangeRatio": null, "excerpt": { "text": "If the Merger is consummated, you will be entitled to receive $3.20 in cash, without interest and subject to any applicable withholding taxes, for each Company Share that you own (unless you have properly exercised appraisal rights, including by not voting in favor of the Merger Proposal).", "offset": 3983 } }, "terminationFee": { "present": true, "amountUsd": 2617339, "excerpt": { "text": "Under specified circumstances, we may be required to pay Parent a termination fee of $2,617,339 upon the termination of the Merger Agreement (the “ Company Termination Fee ”), including if the Board changes its recommendation to Galaxy stockholders to vote FOR the Merger Proposal, or we enter into an alternative transaction with respect to a Superior Proposal, as further described under “ The Mer…", "offset": 46764 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing of the Merger (page 61) The consummation of the Merger is not subject to any financing conditions, and Parent intends to pay the Merger Consideration from available funds.", "offset": 81628 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Conditions to the Merger (page 88) The respective obligations of Galaxy, Parent and Merger Sub to effect the Merger are subject to the satisfaction (or waiver by Parent and Galaxy, if permissible under applicable law) on or prior to the Closing Date of the following conditions: • the Galaxy Stockholder Approval has been obtained;", "offset": 97365 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…ess of the Galaxy’s representations and warranties contained in the Merger Agreement as of the Closing Date; 21 Table of Contents • Galaxy having complied with or performed in all material respects its obligations required to be complied with or performed by it prior to the Effective Time; • the non-occurrence since the date of the Merger Agreement of a Material Adverse Effect that is continuing;", "offset": 98232 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 81134793.60000001, "sharesOutstanding": 25354623, "annualRevenueUsd": 30873552, "revenueFiscalYear": 2025, "basis": "implied-equity-value", "screenedValueUsd": 81134793.60000001 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.22591441213699, "terminationFeePctBasis": "implied" }, { "adsh": "0001140361-24-043469", "cik": "0001305168", "target": "ARC DOCUMENT SOLUTIONS, INC.", "form": "DEFM14A", "fileDate": "2024-10-16", "url": "https://www.sec.gov/Archives/edgar/data/1305168/000114036124043469/ny20035563x8_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 3.4, "exchangeRatio": null, "excerpt": { "text": "… per share Merger Consideration of $3.40, ARC's fully diluted shares outstanding as of August 1, 2024 as provided by ARC's senior management and the net debt and minority interest of ARC of $11 million as of June 30, 2024, as set forth in and calculated from ARC's public filings, to derive implied valuation multiples for ARC for CY 2024E Adjusted EBITDA of $37 million and CY 2025E Adjusted EBITD…", "offset": 224698 } }, "terminationFee": { "present": true, "amountUsd": 5277367, "excerpt": { "text": "…nating the Merger Agreement to enter into an Alternative Acquisition Agreement with respect to a Superior Proposal or Parent terminating the Merger Agreement due to a Change of Recommendation, in each case, pursuant to and in accordance with the \"fiduciary out\" provisions of the Merger Agreement, ARC will be required to pay Parent a termination fee of $5,277,367 (the \" Company Termination Fee \").", "offset": 63682 } }, "dealValueUsd": { "present": true, "amountUsd": 162000000, "excerpt": { "text": "… implied enterprise value of $162 million based on the per share Merger Consideration of $3.40, ARC's fully diluted shares outstanding as of August 1, 2024 as provided by ARC's senior management and the net debt and minority interest of ARC of $11 million as of June 30, 2024, as set forth in and calculated from ARC's public filings, to derive implied valuation multiples for ARC for CY 2024E Adju…", "offset": 224644 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": true, "windowDays": null, "excerpt": { "text": "The Special Committee and its advisors also discussed specific terms that would be included in the draft merger agreement to be provided to the Acquisition Group, including a go-shop provision permitting the solicitation of additional bids after entry into a merger agreement, a reverse termination fee in light of the risks associated with the Acquisition Group's debt and equity financing arrangem…", "offset": 140244 } }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "The obligations of Parent, Merger Sub and ARC, as applicable, to consummate the Merger are subject to the satisfaction or waiver of certain conditions, including: • the adoption of the Merger Agreement by the Requisite Stockholder Approval; • the expiration or termination of the waiting periods applicable to the Merger pursuant to the HSR Act;", "offset": 60439 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "The obligation of the Buyer Parties to consummate the Merger is not subject to any debt financing condition.", "offset": 44575 } }, "majorityOfMinority": { "present": true, "excerpt": { "text": "The Purchaser Filing Parties also considered the inclusion in the Merger Agreement of a requirement that at least a majority of the Unaffiliated Stockholders approve the Merger and adopt the Merger Agreement, but given all of the reasons above as to why the Merger is substantively and procedurally fair to the Unaffiliated Stockholders, including that (i) the Merger Consideration represents a prem…", "offset": 259912 } }, "shareholderApproval": { "present": true, "excerpt": { "text": "The obligations of Parent, Merger Sub and ARC, as applicable, to consummate the Merger are subject to the satisfaction or waiver of certain conditions, including: • the adoption of the Merger Agreement by the Requisite Stockholder Approval;", "offset": 60242 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…the Merger Agreement required to be performed and complied with by it at or prior to the closing of the Merger; • the receipt by Parent and Merger Sub of a customary closing certificate of ARC; and • the absence of any Material Adverse Effect (as defined in the section of this proxy statement captioned \" The Merger Agreement-Representations and Warranties \") having occurred since August 27, 2024.", "offset": 61368 } } } }, "size": { "dealValueUsd": 162000000, "impliedEquityValueUsd": 147092105.6, "sharesOutstanding": 43262384, "annualRevenueUsd": 400784000, "revenueFiscalYear": 2018, "basis": "deal-value", "screenedValueUsd": 162000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.2576339506172842, "terminationFeePctBasis": "stated" }, { "adsh": "0001437749-24-032303", "cik": "0001681903", "target": "ICC Holdings, Inc.", "form": "DEFM14A", "fileDate": "2024-10-28", "url": "https://www.sec.gov/Archives/edgar/data/1681903/000143774924032303/icch20241022_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 23.5, "exchangeRatio": null, "excerpt": { "text": "As a result of the merger, each issued and outstanding share of Company common stock (other than shares held in the treasury of the Company) will be cancelled and extinguished and converted into the right to receive $23.50 in cash, without interest and net of any applicable withholding taxes.", "offset": 2341 } }, "terminationFee": { "present": true, "amountUsd": 2500000, "excerpt": { "text": "… termination fee equal to $2.5 million, as further described below under \" The Merger Agreement - Termination .\" Also, in the event that the merger agreement is terminated either by the Company if, prior to the receipt of the required vote of the shareholders of the Company to approve and adopt the merger agreement at the special meeting (including any adjournments or postponements), the Company…", "offset": 42676 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "At least one business day prior to the closing date of the merger, Mutual Capital or Merger Sub will deposit, or will cause to be deposited, into one or more escrow accounts (the \"escrow accounts\") an amount equal to the aggregate merger consideration.", "offset": 205251 } }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "The consummation of the merger is not subject to any financing condition.", "offset": 23956 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "When the Merger Becomes Effective (page 55) We expect to complete the merger in the fourth quarter of 2024, subject to the approval and adoption of the merger agreement by the Company's shareholders as specified herein and the satisfaction or waiver of the other closing conditions.", "offset": 24132 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "Many of the Company's representations and warranties are qualified as to, among other things, \"materiality\" or \"Material Adverse Effect.\" For purposes of the merger agreement, \"Material Adverse Effect\" means a material adverse effect on (i) the ability of the Company to consummate the merger or (ii) the business, results of operations or financial condition of the Company and its subsidiaries, ta…", "offset": 212929 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 73756630, "sharesOutstanding": 3138580, "annualRevenueUsd": 82942127, "revenueFiscalYear": 2023, "basis": "implied-equity-value", "screenedValueUsd": 73756630 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.3895257958504885, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-24-245977", "cik": "0000946647", "target": "PREMIER FINANCIAL CORP", "form": "DEFM14A", "fileDate": "2024-10-29", "url": "https://www.sec.gov/Archives/edgar/data/946647/000119312524245977/d898472ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.8, "excerpt": { "text": "This implied value was calculated by multiplying the closing price of Wesbanco common stock on those dates by the exchange ratio of 0.80.", "offset": 130544 } }, "terminationFee": { "present": true, "amountUsd": 37000000, "excerpt": { "text": "Termination Fee (See page 126) The Merger Agreement provides that if the Merger Agreement is terminated under certain circumstances, described more fully under “The Merger — Termination Fee” beginning on page 126, Premier Financial will be required to pay a termination fee of $37.0 million to Wesbanco.", "offset": 118574 } }, "dealValueUsd": { "present": true, "amountUsd": 986700000, "excerpt": { "text": "Piper Sandler calculated an aggregate implied transaction value of approximately $986.7 million and an implied purchase price per share of $27.42 consisting of the implied value of 35,838,513 shares of Premier Financial common stock (including restricted stock awards) and 136,538 Premier Financial unvested performance stock units and based on the closing price of Wesbanco common stock on July 25,…", "offset": 362880 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "… HSR Act” — Section 3.01(w) “Hazardous Substances” — Section 3.01(y) “IIPI” — Section 3.01(ff) “IRS” — Section 3.01(m) “Indemnified Party” — Section 6.06(a) “Index Price” — Section 11.01(d)(iv) “Index Ratio” — Section 11.01(d)(iv)(2) “Information” — Section 7.01 “Insider Transaction” — Section 3.01(k)(ii) “Joint Proxy Statement/Prospectus” — Section 7.06(a) “IoI Provisions” — Section 12.03 “K&L”…", "offset": 621600 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "…l regulatory approvals or other risks associated with the timing of the proposed transaction beyond or in addition to those specifically contemplated hereby, and which proposal is not conditioned upon obtaining additional financing, and (B) is, in light of the other terms of such proposal, more favorable to Seller’s shareholders than the Merger and the transactions contemplated by this Agreement;", "offset": 835876 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": false, "excerpt": null }, "materialAdverseEffect": { "present": false, "excerpt": null } } }, "size": { "dealValueUsd": 986700000, "impliedEquityValueUsd": null, "sharesOutstanding": 35925095, "annualRevenueUsd": null, "revenueFiscalYear": null, "basis": "deal-value", "screenedValueUsd": 986700000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.7498733150907064, "terminationFeePctBasis": "stated" }, { "adsh": "0001140361-24-045679", "cik": "0000842518", "target": "EVANS BANCORP INC", "form": "DEFM14A", "fileDate": "2024-11-07", "url": "https://www.sec.gov/Archives/edgar/data/842518/000114036124045679/ny20037539x5_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.91, "excerpt": { "text": "A: In the proposed merger, (i) Evans will merge with and into NBT, with NBT as the surviving entity, and (ii) Evans Bank will merge with and into NBT Bank, with NBT Bank as the surviving entity. Each share of Evans common stock issued and outstanding immediately prior to the effective time of the merger will be converted into the right to receive 0.91 shares of NBT common stock.", "offset": 20378 } }, "terminationFee": { "present": true, "amountUsd": 8400000, "excerpt": { "text": "Termination Fee (Page 71 ) Evans has agreed to pay NBT a termination fee of $8.4 million if: • NBT terminates the merger agreement as a result of: • Evans materially breaching the non-solicitation provisions in the merger agreement;", "offset": 65886 } }, "dealValueUsd": { "present": true, "amountUsd": 236200000, "excerpt": { "text": "Piper Sandler calculated an aggregate implied transaction value of approximately $236.2 million and an implied per share transaction value of $42.11 consisting of the implied value of 5,525,838 shares of Evans common stock, 142,650 Evans stock options with a weighted average strike price of $32.79 and 49,984 Evans restricted stock units, based on the closing price of NBT common stock on September…", "offset": 175478 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "While it is currently anticipated that the merger will be completed promptly following the receipt of all required regulatory and shareholder approvals, there can be no assurance that the conditions to closing will be satisfied in a timely manner or at all, or that an effect, event, development or change will not transpire that could delay or prevent these conditions from being satisfied or impos…", "offset": 86100 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect A- 49 Material Contract A- 13 Merger Consideration A- 4 Merger Registration Statement A- 33 Merger A- 1 NASDAQ A- 50 NBT 2023 Form 10-K A- 24 NBT 401(k) Plan A- 39 NBT Bank Board A- 50 NBT Bank A- 1 NBT Benefit Plans A- 26 NBT Board A- 50 NBT Disclosure Schedule A- 50 NBT Measurement Price A- 6 NBT Pension Plan A- 26 NBT SEC Documents A- 24 NBT Stock A- 50 NBT A- 1 A-iv …", "offset": 352073 } } } }, "size": { "dealValueUsd": 236200000, "impliedEquityValueUsd": null, "sharesOutstanding": 5567382, "annualRevenueUsd": 655000, "revenueFiscalYear": 2024, "basis": "deal-value", "screenedValueUsd": 236200000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.556308213378493, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-24-256626", "cik": "0001816613", "target": "Markforged Holding Corp", "form": "DEFM14A", "fileDate": "2024-11-13", "url": "https://www.sec.gov/Archives/edgar/data/1816613/000119312524256626/d871746ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 5, "exchangeRatio": null, "excerpt": { "text": "If the Merger is consummated, you will be entitled to receive $5.00 in cash, without interest, for each share of Company Common Stock that you own (unless you have properly exercised appraisal rights, including by not voting in favor of the Merger Agreement Proposal).", "offset": 3567 } }, "terminationFee": { "present": true, "amountUsd": 4600000, "excerpt": { "text": "Under specified circumstances, we may be required to pay Nano a (i) termination fee of $4,600,000 upon the termination of the Merger Agreement or (ii) an expense reimbursement up to $4,000,000 of reasonable, documented out-of-pocket fees, as described under “ The Merger Agreement—Termination Fee;", "offset": 48437 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": true, "excerpt": { "text": "…subject to various closing conditions, including, among others, adoption of the Merger Agreement by the holders of a majority of the shares of Company Common Stock issued and outstanding as of the Record Date, receipt of certain regulatory approvals by applicable governmental authorities, including the Committee on Foreign Investment in the United States (“ CFIUS ”), and certain other conditions.", "offset": 46662 } }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing of the Merger (page 67) The consummation of the Merger is not conditioned upon receipt of financing by Nano.", "offset": 85832 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…s on Form 10-Q, factors and matters described or incorporated by reference into this proxy statement, and the following factors: • the inability to consummate the Merger within the anticipated time period, or at all, including, but not limited to, as a result of the failure to obtain the Company Stockholder Approval or the failure to satisfy the other conditions to the consummation of the Merger;", "offset": 120183 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Company Material Adverse Effect (as described in the section of this proxy statement titled “ The Merger Agreement—Representations and Warranties ” beginning on page 82 of this proxy 22 Table of Contents statement) being true and correct as of and at the Closing Date as though made as of such date and that any such fact, circumstance, effect, change, event or development giving rise to the brea…", "offset": 103194 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 115079260, "sharesOutstanding": 23015852, "annualRevenueUsd": 85090000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 115079260 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.997245029208565, "terminationFeePctBasis": "implied" }, { "adsh": "0001558370-24-015703", "cik": "0001290476", "target": "Village Bank & Trust Financial Corp.", "form": "DEFM14A", "fileDate": "2024-11-14", "url": "https://www.sec.gov/Archives/edgar/data/1290476/000155837024015703/tmb-20241114xdefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 80.25, "exchangeRatio": null, "excerpt": { "text": "…submit your questions during the meeting by visiting meetnow.global/MHKPWGN. ​ If the merger is consummated, on the effective date, each share of Village common stock will be converted into and exchanged for the right to receive $80.25 in cash, or approximately $120.4 million in the aggregate based on the 1,500,343 shares of Village common stock outstanding as of the date of this proxy statement.", "offset": 1924 } }, "terminationFee": { "present": true, "amountUsd": 4800000, "excerpt": { "text": "…penses (including the obligation to pay the termination fee described below in certain circumstances) and confidentiality of information exchanged between the parties will survive any such termination. ​ Termination Fee and Expenses (page 58 ) ​ Village must pay TowneBank a termination fee of $4.8 million if the merger agreement is terminated by either party under certain specified circumstances.", "offset": 50869 } }, "dealValueUsd": { "present": true, "amountUsd": 120000000, "excerpt": { "text": "…e an independent evaluation or appraisal of the assets and liabilities of Village or any of its respective subsidiaries, and Janney was not furnished with any such evaluations or appraisals. ​ Summary of Proposed Merger Consideration and Implied Transaction Metrics ​ Based on the $80.25 per share cash offer, Janney calculated an aggregate implied transaction value of approximately $120.0 million.", "offset": 123053 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…ed Capital Securities 53 Employee Matters 53 Regulatory Matters 54 Required Shareholder Approval 54 No Solicitation 54 Conditions to Completion of the Merger 56 Termination of the Merger Agreement 56 Termination Fee 58 Indemnification and Insurance 58 Expenses 59 Waiver and Amendment 59 Affiliate Agreements 59 iii Table of Contents ​ Page ​ ​ Possible Alternative Merger Structure 59 MATERIAL U.S.", "offset": 10988 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect Section 3.2(b) Materially Burdensome Regulatory Condition Section 6.1(b) Materials of Environmental Concern Section 3.3(q)(v)(C) Merger Recitals Merger Consideration Section 2.1(b) Merger Sub Common Stock Section 2.1(c) Noncompetition Agreements Section 5.9 OREO Section 3.3(p)(iv) Organizational Documents Section 3.3(a)(i) Pandemic Section 3.2(c) Permitted Liens Section …", "offset": 261600 } } } }, "size": { "dealValueUsd": 120000000, "impliedEquityValueUsd": 120222284.25, "sharesOutstanding": 1498097, "annualRevenueUsd": 45950000, "revenueFiscalYear": 2024, "basis": "deal-value", "screenedValueUsd": 120000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-24-262120", "cik": "0001302028", "target": "Manitex International, Inc.", "form": "DEFM14A", "fileDate": "2024-11-20", "url": "https://www.sec.gov/Archives/edgar/data/1302028/000119312524262120/d887136ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 5.8, "exchangeRatio": null, "excerpt": { "text": "If the Merger is completed, and upon the satisfaction of the conditions set forth in the Merger Agreement, you will be entitled to receive $5.80 in cash, without interest, less any required withholding taxes, for each share of our common stock owned by you.", "offset": 2019 } }, "terminationFee": { "present": true, "amountUsd": 4900000, "excerpt": { "text": "The termination of the Merger Agreement by the Company following the Board’s authorization for the Company to enter into an alternative acquisition agreement with respect to a Superior Proposal will result in the payment by the Company of a termination fee of $4,900,000.", "offset": 52472 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "…Agreement as the “ Closing Date .” The Parties intend that the Closing shall be effected, to the extent practicable, by conference call, the electronic delivery of documents and the prior physical exchange of certain other documents to be held in escrow by outside counsel to the recipient party pending authorization by the delivering party (or its outside counsel) of their release at the Closing.", "offset": 481873 } }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "… such fees and expenses whether or not the Merger is completed, except that (i) all filing fees paid in respect of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, or the HSR Act, and any filing made under any other antitrust laws, shall be paid by Tadano, and (ii) all filing fees paid in respect of the notice to CFIUS shall be split equally as between Tadano and the Company.", "offset": 58382 } }, "cfius": { "present": true, "excerpt": { "text": "…o be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under applicable law (including under any antitrust law and from the Committee on Foreign Investment in the United States, which we refer to as CFIUS) to consummate the Merger and the other transactions contemplated by the Merger Agreement, subject to the conditions and limitations set forth therein.", "offset": 45904 } }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Consummation of the Merger is not subject to any financing condition.", "offset": 67304 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": false, "excerpt": null }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect Many of our representations and warranties are qualified by exceptions relating to the absence of a “material adverse effect,” which means any changes, effects, events, occurrences, states of facts or developments, alone or in combination with other changes, effects, events, occurrences, states of facts or developments, that (A) has or reasonably would be expected to a m…", "offset": 366343 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 118304676.39999999, "sharesOutstanding": 20397358, "annualRevenueUsd": 291389000, "revenueFiscalYear": 2023, "basis": "implied-equity-value", "screenedValueUsd": 118304676.39999999 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.141848107028845, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-24-266505", "cik": "0001176334", "target": "MARTIN MIDSTREAM PARTNERS L.P.", "form": "DEFM14A", "fileDate": "2024-11-27", "url": "https://www.sec.gov/Archives/edgar/data/1176334/000119312524266505/d912670ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 4.02, "exchangeRatio": null, "excerpt": { "text": "…nditions set forth in the Merger Agreement, each issued and outstanding common unit representing a limited partner interest in the Partnership (each, a “Common Unit”) other than Common Units owned by Parent and its subsidiaries, including the General Partner (each, a “Public Common Unit”), will be converted into the right to receive $4.02 in cash without any interest (the “Merger Consideration”).", "offset": 2593 } }, "terminationFee": { "present": true, "amountUsd": 2500000, "excerpt": { "text": "… 13 Table of Contents or prior to the 12-month anniversary of such termination, the Partnership or its subsidiary completes or enters into a definitive agreement with respect to, and thereafter completes, any Superior Proposal, then the Partnership will pay to Parent a termination fee equal to $2.5 million (the “Partnership Termination Fee”) within two business days after the date of termination.", "offset": 85918 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "The Merger Proposal—Conditions to Completion of the Merger. ” Regulatory Approvals Required for the Merger On October 18, 2024, the Partnership and Parent each caused to be filed the required notice and furnished the required information under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) to the Antitrust Division of the U.S.", "offset": 68306 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "In their letter, Nut Tree and Caspian also expressed that they were prepared to engage in an expedited due diligence process, and that the proposed purchase price could be subject to increase and was not subject to any financing condition.", "offset": 159611 } }, "majorityOfMinority": { "present": true, "excerpt": { "text": "…Munsch Hardt and Potter Anderson discussed the pros and cons of engaging in a transaction at this time, the Parent Initial Proposal and a potential counterproposal to Parent, with the additional requirement that approval of the Proposed Transaction be obtained by the vote of the holders of a majority of the Common Units who are unaffiliated with Parent (the “ Majority of the Minority Provision”).", "offset": 165456 } }, "shareholderApproval": { "present": false, "excerpt": null }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect” means (x) a material adverse effect on or a material adverse change in the business, financial condition or results of operations, of the Partnership and its subsidiaries taken as a whole or (y) the prevention or material delay or impairment in the ability of the General Partner or the Partnership to consummate the Merger and the other transactions contemplated by the M…", "offset": 451783 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 157281237.71999997, "sharesOutstanding": 39124686, "annualRevenueUsd": 716113000, "revenueFiscalYear": 2025, "basis": "implied-equity-value", "screenedValueUsd": 157281237.71999997 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 1.589509363126088, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-24-267249", "cik": "0000931584", "target": "UNIVERSAL STAINLESS & ALLOY PRODUCTS INC", "form": "DEFM14A", "fileDate": "2024-11-27", "url": "https://www.sec.gov/Archives/edgar/data/931584/000119312524267249/d842335ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 45, "exchangeRatio": null, "excerpt": { "text": "If the proposal to adopt the Merger Agreement is approved by Universal’s stockholders and, subject to the additional terms and conditions of the Merger Agreement, the Merger is completed, you will be entitled to receive $45.00 in cash, without interest thereon, for each share of Universal common stock (each, a “Share” and collectively, the “Shares”) that you own immediately prior to the time at w…", "offset": 3918 } }, "terminationFee": { "present": true, "amountUsd": 14800000, "excerpt": { "text": "… the Shares will continue to be listed and traded on Nasdaq and registered under the Exchange Act and (iii) Universal will continue to file periodic reports under the Exchange Act with the SEC; and • under certain specified circumstances, Universal will be required to pay Parent a termination fee of $14.8 million (the “Universal Termination Fee”) following the termination of the Merger Agreement.", "offset": 42068 } }, "dealValueUsd": { "present": true, "amountUsd": 535700000.00000006, "excerpt": { "text": "…m operating plans, assets and properties, risks, liabilities and financial conditions; • Attractive Valuation : the fact that the Merger values Universal at an enterprise value of approximately $535.7 million, representing an enterprise value multiple of 10.6x to the latest 12 months adjusted EBITDA of Universal as of June 30, 2024, which the Board of Directors found to be an attractive multiple;", "offset": 203172 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Regulatory Approvals Required for the Merger Under the Merger Agreement, the Merger cannot be consummated until: • any waiting period (and any extension thereof) applicable to the Merger under the Hart–Scott–Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations thereunder (the “HSR Act”) has expired or been terminated;", "offset": 67686 } }, "cfius": { "present": true, "excerpt": { "text": "… CFIUS Clearance (as defined below) is determined to be necessary or desirable by the parties pursuant to the terms of the Merger Agreement, (i) the Committee on Foreign Investment in the United States and each member agency thereof acting in such capacity (“CFIUS”) has issued written notification to Parent and Universal of CFIUS’s determination that (a) none of the Transactions constitutes a “c…", "offset": 67743 } }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Upon the terms and subject to the conditions of the Merger Agreement, including, without limitation, stockholder approval of the proposal to adopt the Merger Agreement, Parent will acquire Universal via the merger of Merger Sub with and into Universal, with the separate corporate existence of Merger Sub thereupon ceasing and Universal continuing as the surviving company and a wholly owned subsidi…", "offset": 3323 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…l respects with each of the agreements and covenants required by the Merger Agreement to be performed or complied with by it on or prior to the Effective Time; • since the Signing Date, there must not have occurred a Universal Material Adverse Effect (as defined in the section of this proxy statement below captioned “ Proposal 1: Adoption of the Merger Agreement—Representations and Warranties ”);", "offset": 80710 } } } }, "size": { "dealValueUsd": 535700000.00000006, "impliedEquityValueUsd": 418953105, "sharesOutstanding": 9310069, "annualRevenueUsd": 285943000, "revenueFiscalYear": 2023, "basis": "deal-value", "screenedValueUsd": 535700000.00000006 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 2.762740339742393, "terminationFeePctBasis": "stated" }, { "adsh": "0001140361-24-049823", "cik": "0000704562", "target": "Avid Bioservices, Inc.", "form": "DEFM14A", "fileDate": "2024-12-18", "url": "https://www.sec.gov/Archives/edgar/data/704562/000114036124049823/ny20038150x5_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 12.5, "exchangeRatio": null, "excerpt": { "text": "If the Merger is completed, you will be entitled to receive $12.50 in cash, without interest and subject to any withholding of taxes required by applicable law, for each share of Avid common stock (the \"common stock\") that you own (unless you have properly exercised your appraisal rights), which represents a premium of approximately: (i) 13.8% to the closing price of Avid's common stock of $10.98…", "offset": 2986 } }, "terminationFee": { "present": true, "amountUsd": 32000000, "excerpt": { "text": "…ndependent public company, (b) Avid's common stock will continue to be listed and traded on Nasdaq and registered under the Exchange Act, and (c) Avid will continue to file periodic reports with the SEC; and (iii) under certain specified circumstances, Avid will be required to pay Parent a termination fee of $32,000,000 (the \"Company Termination Fee\") upon the termination of the Merger Agreement.", "offset": 32175 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "These approvals include, for example, notifications pursuant to, and obtaining the expiration or termination of the waiting period under, the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the \"HSR Act\").", "offset": 61718 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "For more information, see the section of this proxy statement captioned \"The Merger-Interests of Avid's Directors and Executive Officers in the Merger.\" Financing of the Merger The obligation of Parent and Merger Sub to consummate the Merger is not subject to any financing condition.", "offset": 48046 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "In order to complete the Merger, the Company must obtain the stockholder approval described in this proxy statement, and the other closing conditions under the Merger Agreement must be satisfied or waived.", "offset": 79364 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…vide the Debt Financing is subject to certain conditions, including, but not limited to, the following (subject to certain exceptions and qualifications as set forth in the Debt Commitment Letter): • since the date of the Merger Agreement, there shall not have occurred any Material Adverse Effect (as defined in the Merger Agreement) that is continuing as of the date of the Debt Commitment Letter;", "offset": 52172 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 799541275, "sharesOutstanding": 63963302, "annualRevenueUsd": 139911000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 799541275 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.002294940933475, "terminationFeePctBasis": "implied" }, { "adsh": "0001213900-24-111223", "cik": "0000002178", "target": "ADAMS RESOURCES & ENERGY, INC.", "form": "DEFM14A", "fileDate": "2024-12-20", "url": "https://www.sec.gov/Archives/edgar/data/2178/000121390024111223/ea0223519-02.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 38, "exchangeRatio": null, "excerpt": { "text": "…immediately prior to the effective time of the Merger (other than any shares held by Adams as treasury stock, Parent, Merger Sub or any other subsidiary of Parent or Adams, or any stockholder who has properly demanded and perfected and not validly withdrawn appraisal rights in accordance with Delaware law) will be automatically converted into the right to receive $38.00 in cash, without interest.", "offset": 2174 } }, "terminationFee": { "present": true, "amountUsd": 4000000, "excerpt": { "text": "…may also terminate the Merger Agreement to enter into a definitive written agreement for such superior proposal if concurrently with such termination, Adams pays to Parent a termination fee of $4 million in immediately available funds (the \"Termination Fee\") as described in the section entitled \"The Merger Agreement - Termination Fee Payable by Adams\" beginning on page 82 of this proxy statement.", "offset": 46776 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Consummation of the Merger is not subject to any financing condition.", "offset": 91939 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "In addition to the Adams stockholder approval, the obligation of each party to consummate the Merger is also conditioned on the other party's representations and warranties being true and correct (subject generally to a material adverse effect standard, with different standards applicable to certain representations and warranties) and the other party having 16 Table of Contents complied with and …", "offset": 91377 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Company Material Adverse Effect\" 67 Conduct of the Business Pending the Merger 68 Board Obligation to Call a Stockholders' Meeting 71 Restrictions on Solicitation of Acquisition Proposals 72 Changes in Board Recommendation 74 Regulatory Undertakings 76 Litigation Related to the Merger 76 Treatment of Certain Indebtedness 76 Employee Matters 76 Directors' and Officers' Indemnification and Insura…", "offset": 20680 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 97959136, "sharesOutstanding": 2577872, "annualRevenueUsd": 2745293000, "revenueFiscalYear": 2023, "basis": "implied-equity-value", "screenedValueUsd": 97959136 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.083335320556523, "terminationFeePctBasis": "implied" }, { "adsh": "0001104659-24-132717", "cik": "0000740663", "target": "FIRST OF LONG ISLAND CORP", "form": "DEFM14A", "fileDate": "2024-12-31", "url": "https://www.sec.gov/Archives/edgar/data/740663/000110465924132717/tm2430419-7_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.5175, "excerpt": { "text": "To approve an Agreement and Plan of Merger, dated as of September 4, 2024, by and between FLIC and ConnectOne (the \"FLIC merger proposal\"), providing for: • the merger of FLIC with and into ConnectOne; and ​ • the automatic conversion of each outstanding share of common stock of FLIC into the right to receive 0.5175 shares of ConnectOne common.", "offset": 8193 } }, "terminationFee": { "present": true, "amountUsd": 11800000, "excerpt": { "text": "…suant the merger agreement. ​ Termination fees (See page 73 ) Under certain circumstances described in the merger agreement in connection with the termination of the merger agreement, including circumstances involving alternative acquisition proposals with respect to FLIC and changes in the recommendation of the FLIC board of directors, FLIC will owe ConnectOne a termination fee of $11.8 million.", "offset": 96478 } }, "dealValueUsd": { "present": true, "amountUsd": 289300000, "excerpt": { "text": "Piper Sandler calculated an aggregate implied transaction value of approximately $289.3 million and an implied purchase price per share of $12.64 consisting of the implied value of 22,531,697 shares of FLIC common stock and 357,595 Restricted Stock Units outstanding at August 31, 2024 and based on the closing price of ConnectOne common stock on September 3, 2024.", "offset": 251622 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "All conditions required to be satisfied prior to the Effective Time by the terms of such approvals and consents shall have been satisfied; and all statutory waiting periods in respect thereof (including the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, if applicable) shall have expired.", "offset": 750915 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "We cannot assure you that we will be able to obtain the necessary regulatory or shareholder approvals or that the other conditions precedent to the merger or the bank merger can or will be satisfied.", "offset": 91958 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect, and (iii) any disclosures made with respect to a section of this ARTICLE III shall be deemed to qualify (1) any other section of this ARTICLE III specifically referenced or cross-referenced and (2) other sections of this ARTICLE III to the extent it is reasonably apparent on its face (notwithstanding the absence of a specific cross-reference) from a reading of the discl…", "offset": 481552 } } } }, "size": { "dealValueUsd": 289300000, "impliedEquityValueUsd": null, "sharesOutstanding": 22679517, "annualRevenueUsd": 4200000, "revenueFiscalYear": 2024, "basis": "deal-value", "screenedValueUsd": 289300000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.078810922917387, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-24-287076", "cik": "0001313275", "target": "BRIGHTCOVE INC", "form": "DEFM14A", "fileDate": "2024-12-31", "url": "https://www.sec.gov/Archives/edgar/data/1313275/000119312524287076/d902047ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 4.45, "exchangeRatio": null, "excerpt": { "text": "If the Merger is consummated, you will be entitled to receive $4.45 in cash, without interest, for each Company Share that you own (unless you have properly exercised appraisal rights, including by not voting in favor of the Merger Proposal).", "offset": 4056 } }, "terminationFee": { "present": true, "amountUsd": 7860000, "excerpt": { "text": "Under specified circumstances, we may be required to pay Bending Spoons a termination fee of $7,860,000 upon the termination of the Merger Agreement as described under “ The Merger Agreement—Company Termination Fee ” beginning on page 100 of this proxy statement.", "offset": 47674 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…Shares entitled to vote thereon as of the Record Date, the expiration or termination of the required waiting period applicable to the consummation of the Merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “ HSR Act ”), and the required approval under the United Kingdom’s National Security and Investment Act of 2021 (the “ UK NSI ”) and certain other conditions.", "offset": 45604 } }, "cfius": { "present": true, "excerpt": { "text": "…ce of any Company Material Adverse Effect, in each case, since December 31, 2023; • the absence of specified undisclosed liabilities; • legal proceedings; • Brightcove’s and its subsidiaries’ compliance with laws since December 31, 2022; • Brightcove’s and its subsidiaries’ possession of necessary governmental authorizations; • Committee on Foreign Investment in the United States related matters;", "offset": 371467 } }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing of the Merger (page 71) The consummation of the Merger is not conditioned upon receipt of financing by Bending Spoons.", "offset": 79026 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Q: What factors did the Board consider in deciding to enter into the Merger Agreement and recommending the adoption of the Merger Agreement by the Company Stockholders?", "offset": 25730 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… so true and correct (disregarding all qualifications or limitations as to “materiality,” “ Company Material Adverse Effect” or words of similar import) would not, individually or in the aggregate, have a Company Material Adverse Effect (as described in the section of this proxy statement titled “ The Merger Agreement—Representations and Warranties ” beginning on page 85 of this proxy statement);", "offset": 96775 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 200853655.85, "sharesOutstanding": 45135653, "annualRevenueUsd": 201187000, "revenueFiscalYear": 2023, "basis": "implied-equity-value", "screenedValueUsd": 200853655.85 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.9132969558044515, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-25-006292", "cik": "0001850906", "target": "Singular Genomics Systems, Inc.", "form": "DEFM14A", "fileDate": "2025-01-15", "url": "https://www.sec.gov/Archives/edgar/data/1850906/000119312525006292/d916382ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 20, "exchangeRatio": null, "excerpt": { "text": "…, any additional Rollover Stockholders (as defined below), and stockholders that have validly exercised their appraisal rights under the Delaware General Corporation Law (“DGCL”) (including by not voting in favor of the Merger Proposal), will be cancelled and converted into the right to receive $20.00 in cash, without interest, net of any applicable withholding taxes (the “Merger Consideration”).", "offset": 4091 } }, "terminationFee": { "present": true, "amountUsd": 1520246, "excerpt": { "text": "Upon termination of the Merger Agreement under specified circumstances, Singular will be required to pay Parent a termination fee of $1,520,246.", "offset": 77413 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "…nge of net cash available for distribution to the holders of Singular Common Stock of approximately $41.2 million to $65.5 million, prior to a $2,533,744 holdback required under the terms of the Company’s directors and officers (“D&O”) insurance policy and a $5.0 million general contingency reserve, and approximately $33.7 million to $58.0 million after giving effect to such holdback and reserve.", "offset": 327381 } }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing of the Merger The Merger is not subject to any financing condition.", "offset": 48165 } }, "majorityOfMinority": { "present": true, "excerpt": { "text": "… Unaffiliated Stockholders to enter into, approve, adopt and declare advisable, this Agreement, and (c) recommended that the Company Board (i) determine that the terms of this Agreement and the Transactions, including the Merger, are advisable, fair to, and in the best interests of, the Company and the Unaffiliated Stockholders, (ii) determine that it is in the best interests of the Company and …", "offset": 565533 } }, "shareholderApproval": { "present": true, "excerpt": { "text": "Notwithstanding these restrictions, under certain circumstances following the date of the Merger Agreement and until the adoption of the Merger Agreement by Singular’s stockholders, Singular may provide information to, and engage or participate in negotiations or discussions with, a person regarding an unsolicited Acquisition Proposal if the Company Board (acting on the recommendation of the Spec…", "offset": 68434 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…ot had and would not be reasonably expected to have, a Company Material Adverse Effect (as defined below) or, in the case of Singular’s capitalization representations and warranties, other than for any de minimis inaccuracies), as of the date of the Merger Agreement and as of the Effective Time, or, as applicable, the date in respect of which such representation or warranty was specifically made;", "offset": 50539 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 50235660, "sharesOutstanding": 2511783, "annualRevenueUsd": 2911000, "revenueFiscalYear": 2023, "basis": "implied-equity-value", "screenedValueUsd": 50235660 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.0262287785210744, "terminationFeePctBasis": "implied" }, { "adsh": "0001140361-25-001610", "cik": "0001141103", "target": "CROSS COUNTRY HEALTHCARE INC", "form": "DEFM14A", "fileDate": "2025-01-22", "url": "https://www.sec.gov/Archives/edgar/data/1141103/000114036125001610/ny20039917x3_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 18.61, "exchangeRatio": null, "excerpt": { "text": "….0001 per share (the \"Cross Country common stock\") that you own immediately prior to the effective time of the merger, $18.61 in cash without interest (the \"merger consideration\"), unless you have properly exercised your appraisal rights in accordance with Section 262 of the General Corporation Law of the State of Delaware (the \"DGCL\"), as more fully described in the accompanying proxy statement.", "offset": 2127 } }, "terminationFee": { "present": true, "amountUsd": 20000000, "excerpt": { "text": "…erger Agreement-Termination Fees and Expenses.\" See the section titled \"The Merger Agreement-Termination of the Merger Agreement.\" Termination Fees and Expenses (see page 77 ) The merger agreement provides that Cross Country will pay Parent a termination fee of $20 million if: • Cross Country terminates the merger agreement to enter into a definitive agreement with respect to a superior proposal;", "offset": 58561 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Regulatory Clearances and Approvals Required for the Merger (see page 71 ) The completion of the merger is conditioned on, among other things, the expiration or termination of any applicable waiting period (or extensions thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the \"HSR Act\").", "offset": 37775 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Consummation of the merger is not subject to any financing condition.", "offset": 49114 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Conditions to the Merger The respective obligations of each party to consummate the merger are subject to the satisfaction or waiver of the following conditions: • the stockholder approval has been obtained in accordance with the DGCL;", "offset": 355152 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…e Merger on Cross Country Common Stock 60 Treatment of Cross Country Equity Awards 60 Exchange and Payment Procedures 61 Guarantee by Aya 62 Representations and Warranties 62 Material Adverse Effect 64 Conduct of Businesses of Cross Country Prior to Completion of the Merger 66 Conduct of Businesses of Parent Prior to Completion of the Merger 67 Special Meeting and Board Recommendation 68 No Shop;", "offset": 18355 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 601710821.21, "sharesOutstanding": 32332661, "annualRevenueUsd": 1054293000, "revenueFiscalYear": 2025, "basis": "implied-equity-value", "screenedValueUsd": 601710821.21 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.323855795011521, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-25-018470", "cik": "0001422142", "target": "Aadi Bioscience, Inc.", "form": "DEFM14A", "fileDate": "2025-01-31", "url": "https://www.sec.gov/Archives/edgar/data/1422142/000119312525018470/d923919ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "unknown", "cashPerShareUsd": null, "exchangeRatio": null, "excerpt": null }, "terminationFee": { "present": true, "amountUsd": 3500000, "excerpt": { "text": "If the Divestiture is not completed, the Divestiture Agreement provides that, upon termination of the agreement under certain circumstances, Aadi may be required to pay to Kaken a termination fee of $3.5 million.", "offset": 43966 } }, "dealValueUsd": { "present": true, "amountUsd": 100000000, "excerpt": { "text": "The Agreement provides, among other things, for the sale of one hundred percent (100%) of the issued and outstanding capital stock of the Company (the “Sale Transaction”) upon the terms and subject to the conditions set forth in the Agreement, in exchange for aggregate consideration of $100,000,000 on a cash free, debt free basis (the “Consideration”).", "offset": 1868087 } }, "escrow": { "present": true, "amountUsd": 85000000, "excerpt": { "text": "Among other things, the revised draft of the Divestiture Agreement proposed a termination fee that Aadi would be liable to pay in specified circumstances equal to approximately $6 million; post-closing indemnification for breaches of Aadi’s representations and warranties; an indemnity escrow fund equal to 15% of the $85 million base purchase price;", "offset": 226328 } }, "rwi": { "present": true, "excerpt": { "text": "…nd cash equivalents held by Aadi Sub upon the completion of the Divestiture; • all fees, costs, expenses and other amounts incurred or otherwise borne by Aadi Sub directly or indirectly to consummate the pre-closing restructuring; • certain litigation-related costs; • certain policy exclusions under the “buyer-side” representations and warranties insurance policy obtained by Kaken (“RWI Policy”);", "offset": 108242 } }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "A-9 Table of Contents (ggg) “ HSR Act ” means the Hart-Scott-Rodino Antitrust Improvements Act of 1976.", "offset": 1491298 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "The transaction is expected to close in the first half of 2025, subject to Aadi stockholder approval and certain closing conditions.", "offset": 3402 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…ns and conditions of the Divestiture Agreement required to be performed and complied by them on or prior to the closing date; • no Company Material Adverse Effect or Seller Material Adverse Effect (as defined in the section of this proxy statement captioned “ The Divestiture Agreement—Representations and Warranties ”) having occurred since the date of the Divestiture Agreement that is continuing;", "offset": 89270 } } } }, "size": { "dealValueUsd": 100000000, "impliedEquityValueUsd": null, "sharesOutstanding": 49452463, "annualRevenueUsd": 7145000, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 100000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.5000000000000004, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-25-024366", "cik": "0001828376", "target": "William Penn Bancorporation", "form": "DEFM14A", "fileDate": "2025-02-11", "url": "https://www.sec.gov/Archives/edgar/data/1828376/000119312525024366/d518638ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.426, "excerpt": { "text": "If the merger is completed, William Penn shareholders will have the right to receive for each share of William Penn common stock they own 0.426 shares of Mid Penn common stock.", "offset": 3129 } }, "terminationFee": { "present": true, "amountUsd": 4900000, "excerpt": { "text": "… termination fee of $4,900,000 if the merger agreement is terminated: • by Mid Penn because William Penn has received a superior alternative acquisition proposal, and William Penn (1) enters into a letter of intent, agreement in principle or an acquisition agreement with respect to the superior alternative acquisition proposal, (2) fails to make, withdraws, modifies or qualifies its recommendati…", "offset": 97150 } }, "dealValueUsd": { "present": true, "amountUsd": 128449999.99999999, "excerpt": { "text": "Piper Sandler calculated an aggregate implied transaction value of approximately $128.45 million and an implied purchase price per share of $13.68 consisting of the implied value of 9,208,217 shares of William Penn common stock outstanding (inclusive of 313,989 shares of William Penn restricted stock awards) and 1,264,000 options outstanding with a weighted average exercise price of $11.71, and b…", "offset": 238423 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "A: Subject to the satisfaction or waiver of the closing conditions as contemplated by the merger agreement, including receipt of shareholder approvals at the respective special meetings of Mid Penn and William Penn and receipt of regulatory approvals, we currently expect to complete the merger in the second quarter of 2025.", "offset": 32360 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "No Material Adverse Effect A-21 4.8.", "offset": 485511 } } } }, "size": { "dealValueUsd": 128449999.99999999, "impliedEquityValueUsd": null, "sharesOutstanding": 9208217, "annualRevenueUsd": null, "revenueFiscalYear": null, "basis": "deal-value", "screenedValueUsd": 128449999.99999999 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.8147138964577656, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-25-029668", "cik": "0001018399", "target": "ENTERPRISE BANCORP INC /MA/", "form": "DEFM14A", "fileDate": "2025-02-19", "url": "https://www.sec.gov/Archives/edgar/data/1018399/000119312525029668/d843045ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.6, "excerpt": { "text": "This table also shows the implied value of the merger consideration to be issued in exchange for each share of Enterprise common stock, which was calculated by multiplying the closing price of Enterprise common stock on those dates by the exchange ratio of 0.60 and then adding $2.00 in cash.", "offset": 57830 } }, "terminationFee": { "present": true, "amountUsd": 22488000, "excerpt": { "text": "In addition, if the merger agreement is terminated in certain circumstances, a termination fee of $22,488,000 will be payable by Enterprise to Independent.", "offset": 34895 } }, "dealValueUsd": { "present": true, "amountUsd": 562300000, "excerpt": { "text": "Piper Sandler calculated an aggregate implied transaction value of approximately $562.3 million and an implied purchase price per share of $45.06 consisting of the implied value of 12,429,635 shares of Enterprise common stock and 136,615 stock options with a weighted average exercise price of $29.27 per share and based on the closing price of Independent common stock on December 6, 2024.", "offset": 245719 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Completion of the merger is conditioned on, among other things, Enterprise shareholder approval of the Enterprise merger proposal.", "offset": 150995 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…ed in Article V ; provided , however , that the mere inclusion of an item on the Company Disclosure Schedule as an exception to a representation or warranty shall not be deemed an admission by Company that such item represents a material exception or fact, event or circumstance or that the item disclosed is or would reasonably be expected to have a Material Adverse Effect with respect to Company.", "offset": 530237 } } } }, "size": { "dealValueUsd": 562300000, "impliedEquityValueUsd": null, "sharesOutstanding": 12508386, "annualRevenueUsd": null, "revenueFiscalYear": null, "basis": "deal-value", "screenedValueUsd": 562300000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.9992886359594517, "terminationFeePctBasis": "stated" }, { "adsh": "0001140361-25-005277", "cik": "0001481646", "target": "Accolade, Inc.", "form": "DEFM14A", "fileDate": "2025-02-20", "url": "https://www.sec.gov/Archives/edgar/data/1481646/000114036125005277/ny20041213x9_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 7.03, "exchangeRatio": null, "excerpt": { "text": "If the merger is completed, you will be entitled to receive $7.03 in cash (the \" per share price \"), without interest thereon and subject to any applicable withholding taxes, for each share of Accolade common stock (each, a \" Share \" and together the \" Shares \") that you own as of immediately prior to the effective time of the merger, unless you have properly exercised your appraisal rights.", "offset": 2634 } }, "terminationFee": { "present": true, "amountUsd": 19800000, "excerpt": { "text": "Upon valid termination of the merger agreement under specified circumstances, Accolade has agreed to pay Parent a termination fee of $19,800,000.", "offset": 78488 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Regulatory Approvals Required for the Merger (page 73 ) Under the merger agreement, the merger cannot be completed until the waiting period (and extensions thereof, if any) applicable to the merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the \" HSR Act \"), and applicable state health care entity notice of material change laws, including, but not limited to, the Oregon Healt…", "offset": 56501 } }, "cfius": { "present": true, "excerpt": { "text": "…er agreement and the transactions contemplated by the merger agreement; • proxy statement disclosures; • legal proceedings and orders; • equity financing; • availability of funds; • absence of stockholder and management arrangements relating to the transactions contemplated by the merger agreement; • solvency; • ownership of Shares; • brokers and other advisors; and • CFIUS foreign person status.", "offset": 403959 } }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "However, prior to the adoption of the merger agreement by our stockholders, in the event that Accolade or any of the other Acquired Companies or any of their respective representatives receives an unsolicited written acquisition proposal from any person and the Accolade Board (or a committee thereof) determines in good faith, after consultation with Accolade's financial advisors and outside legal…", "offset": 66039 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…me in respect of which such representation or warranty was specifically made; • Accolade having performed and complied in all material respects with all covenants in the merger agreement required to be performed or complied with by it at or prior to the closing of the merger; • the absence of any Material Adverse Effect (as defined below) having occurred since January 8, 2025, that is continuing;", "offset": 70638 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 573546121.24, "sharesOutstanding": 81585508, "annualRevenueUsd": 414292000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 573546121.24 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.4522071140839787, "terminationFeePctBasis": "implied" }, { "adsh": "0001104659-25-019805", "cik": "0000807707", "target": "VOXX International Corp", "form": "DEFM14A", "fileDate": "2025-03-03", "url": "https://www.sec.gov/Archives/edgar/data/807707/000110465925019805/tm252893-6_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 7.5, "exchangeRatio": null, "excerpt": { "text": "If the Merger is completed, the holders of shares of Company Common Stock as of immediately prior to the Merger, other than the Excluded Shares, will have the right to receive the Per Share Merger Consideration of $7.50 per share of Company Common Stock in cash, without interest, less any applicable withholding taxes, subject to and in accordance with the terms and conditions set forth in the Mer…", "offset": 62242 } }, "terminationFee": { "present": true, "amountUsd": 7500000, "excerpt": { "text": "In the event of termination of the Merger Agreement in the following circumstances, a termination fee of $7,500,000 would be payable by the Company to Gentex: ​ • if the Merger Agreement is terminated by Gentex in connection with (i) the Company Board's change of its recommendation that the Company's stockholders approve the Merger Agreement and the Merger in an adverse manner, or (ii) a breach (…", "offset": 54035 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "…Agreement as the \" Closing Date .\" The Parties intend that the Closing shall be effected, to the extent practicable, by conference call, the electronic delivery of documents and the prior physical exchange of certain other documents to be held in escrow by outside counsel to the recipient party pending authorization by the delivering party (or its outside counsel) of their release at the Closing.", "offset": 567279 } }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Gentex Group or Parent Group means Gentex and Merger Sub. HSR Act means the Hart Scott Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder.", "offset": 30558 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "The proposed transaction would be funded with a combination of debt and equity, and not subject to a financing contingency.", "offset": 119485 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…iness and the price of its shares of Class A Common Stock; ​ • the failure to satisfy the conditions to the consummation of the proposed merger, including the adoption of the Merger Agreement by the stockholders of the Company, and the receipt of certain governmental and regulatory approvals in a timely manner or at all or that such approvals may be subject to conditions that are not anticipated;", "offset": 387485 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect Many of the Company's representations and warranties are qualified by exceptions relating to the absence of a \"material adverse effect,\" which means any changes, effects, events, occurrences, states of facts or developments, alone or in combination with other changes, effects, events, occurrences, states of facts or developments, that (A) has or reasonably would be expec…", "offset": 332352 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 181492905, "sharesOutstanding": 24199054, "annualRevenueUsd": 468911000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 181492905 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.132392943955578, "terminationFeePctBasis": "implied" }, { "adsh": "0001104659-25-020037", "cik": "0001533924", "target": "Amplify Energy Corp.", "form": "DEFM14A", "fileDate": "2025-03-04", "url": "https://www.sec.gov/Archives/edgar/data/1533924/000110465925020037/tm256735-3_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "unknown", "cashPerShareUsd": null, "exchangeRatio": null, "excerpt": null }, "terminationFee": { "present": true, "amountUsd": 8500000, "excerpt": { "text": "If the Merger Agreement is terminated under specified circumstances, we may be obligated to pay a termination fee of $8,500,000 or to reimburse certain transaction expenses of the Acquired Companies up to $800,000.", "offset": 46302 } }, "dealValueUsd": { "present": true, "amountUsd": 43900000, "excerpt": { "text": "The Corporate DCF Analysis of the Company indicated an implied value reference range for the Aggregate Merger Consideration of $43.9 million to $71.5 million.", "offset": 318756 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "\"HSR Act\" means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.", "offset": 23070 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "No assurance can be given that our stockholder approval will be obtained or that the required conditions to the Closing will be satisfied in a timely manner or at all.", "offset": 93262 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "\" Company Material Adverse Effect \" means any change, event, effect or occurrence that (a) has a material adverse effect on the business, assets, financial condition or results of operations of the Acquired Company Group, taken as a whole, or (b) prevents the consummation of the Mergers, provided that in the case of clause ( a ), none of the following shall be deemed either alone or in combinatio…", "offset": 812476 } } } }, "size": { "dealValueUsd": 43900000, "impliedEquityValueUsd": null, "sharesOutstanding": 41287437, "annualRevenueUsd": 263361000, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 43900000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": null, "terminationFeePctBasis": null }, { "adsh": "0001140361-25-006872", "cik": "0000713425", "target": "LOGILITY SUPPLY CHAIN SOLUTIONS, INC", "form": "DEFM14A", "fileDate": "2025-03-04", "url": "https://www.sec.gov/Archives/edgar/data/713425/000114036125006872/ny20042527x2_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "mixed", "cashPerShareUsd": 14.3, "exchangeRatio": 1.2, "excerpt": { "text": "…ctive time (other than shares owned by Logility as treasury stock, shares owned by any subsidiary of the Company, shares held by Aptean or Merger Sub or any of their wholly owned subsidiaries and shares owned by shareholders who are entitled to exercise, and have properly exercised dissenters' rights under Georgia law), will be converted into the right to receive $14.30 in cash, without interest.", "offset": 2706 } }, "terminationFee": { "present": true, "amountUsd": 24500000, "excerpt": { "text": "Upon termination of the merger agreement under certain specified circumstances, the Company will be required to pay Aptean a termination fee of $24,500,000 (the \" termination fee \").", "offset": 26517 } }, "dealValueUsd": { "present": true, "amountUsd": 350000000, "excerpt": { "text": "On December 6, 2024, representatives of TA indicated to Lazard that Aptean was planning to submit a bid valuing the Company at an enterprise value of approximately $350 million.", "offset": 115197 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…the waiting period (including any extension thereof) applicable to the consummation of the merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, which we refer to as the \" HSR Act ,\" will have expired or been terminated, and (ii) the merger will have been approved by the Investment Security Unit pursuant to the United Kingdom - National Security and Investment Act (the \" NSIA \");", "offset": 30768 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "The Reclassification Agreement provided that, following the satisfaction of the conditions thereto, including shareholder approval, the Company would amend and restate its Amended and Restated Articles of Incorporation to provide for, among other things, each share of Class B common stock issued and outstanding being reclassified, exchanged and converted into 1.2 shares of the Company's Class A c…", "offset": 96224 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "In addition, the obligation of Aptean and Merger Sub to consummate the merger is also subject to no Company material adverse effect (as defined below) occurring since the date of the merger agreement that is continuing as of the closing date.", "offset": 32277 } } } }, "size": { "dealValueUsd": 350000000, "impliedEquityValueUsd": null, "sharesOutstanding": 33689059, "annualRevenueUsd": 102515000, "revenueFiscalYear": 2024, "basis": "deal-value", "screenedValueUsd": 350000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 7.000000000000001, "terminationFeePctBasis": "stated" }, { "adsh": "0001140361-25-007220", "cik": "0001807846", "target": "MONEYLION INC.", "form": "DEFM14A", "fileDate": "2025-03-05", "url": "https://www.sec.gov/Archives/edgar/data/1807846/000114036125007220/ny20041772x1_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 82, "exchangeRatio": null, "excerpt": { "text": "If the merger is completed, MoneyLion stockholders immediately prior to the completion of the merger will be entitled to receive (i) $82.00 in cash and (ii) one contingent value right, which is referred to in this notice as a CVR that, if ultimately realized, will be settled in the form of a one-time payment of $23.00, payable in shares of Gen Digital common stock based on an assumed share price …", "offset": 1590 } }, "terminationFee": { "present": true, "amountUsd": 41023051, "excerpt": { "text": "If the merger agreement is terminated under certain specified circumstances, MoneyLion may be required to pay Gen Digital a termination fee of $41,023,051, which is referred to in this proxy statement/prospectus as the MoneyLion termination fee.", "offset": 34972 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": true, "windowDays": 60, "excerpt": { "text": "The draft merger agreement included a (i) 60-day go-shop period during which MoneyLion would be permitted to solicit, propose and encourage acquisition proposals from third parties and (ii) termination fee payable by MoneyLion of 3% of MoneyLion's implied equity, which termination fee would be reduced to 1% of MoneyLion's implied equity value in certain circumstances, including if MoneyLion enter…", "offset": 223821 } }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "These conditions include the adoption of the merger agreement by MoneyLion stockholders, the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, which is referred to in this proxy statement/prospectus as the HSR Act (the waiting period under the HSR Act expired on January 21, 2025), and the receipt of certain other regulatory…", "offset": 54007 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "…ger were likely to be satisfied; and • Gen Digital's obligations pursuant to the merger agreement are not subject to any financing condition or similar contingency based on Gen Digital's ability to obtain financing, and the belief of MoneyLion's board of directors, based on MoneyLion's due diligence of Gen Digital, that Gen Digital would be able to fund its obligations under the merger agreement.", "offset": 250168 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "We cannot complete the merger and the merger consideration will not be paid unless MoneyLion stockholders adopt the merger agreement. Adoption of the merger agreement by MoneyLion stockholders requires the affirmative vote of holders of at least a majority of the outstanding shares of MoneyLion common stock entitled to vote thereon.", "offset": 2885 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… the registration statement for the CVRs (and the underlying Gen Digital common stock) to be issued in the merger (of which this proxy statement/prospectus forms a part) and the absence of any stop order suspending that effectiveness and any proceedings for that purpose pending before the SEC; and • no Gen Digital Material Adverse Effect shall have occurred since the date of the merger agreement.", "offset": 392605 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 928247708, "sharesOutstanding": 11320094, "annualRevenueUsd": 545905000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 928247708 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.419407734212257, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-25-049000", "cik": "0001382230", "target": "ESSA Bancorp, Inc.", "form": "DEFM14A", "fileDate": "2025-03-07", "url": "https://www.sec.gov/Archives/edgar/data/1382230/000119312525049000/d895315ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.8547, "excerpt": { "text": "A: In the proposed merger, (i) ESSA will merge with and into CNB, with CNB as the surviving entity, and (ii) ESSA Bank will merge with and into CNB Bank, with CNB Bank as the surviving entity. Each share of ESSA common stock issued and outstanding immediately prior to the effective time of the merger will be converted into the right to receive 0.8547 shares of CNB common stock.", "offset": 33884 } }, "terminationFee": { "present": true, "amountUsd": 8800000, "excerpt": { "text": "Termination Fee (Page 171) ESSA has agreed to pay CNB a termination fee of $8.8 million if: • CNB terminates the merger agreement as a result of: • ESSA materially breaching the non-solicitation provisions in the merger agreement;", "offset": 93093 } }, "dealValueUsd": { "present": true, "amountUsd": 201500000, "excerpt": { "text": "Piper Sandler 121 Table of Contents calculated an aggregate implied transaction value of approximately $201.5 million and an implied purchase price per share of $20.62 consisting of the implied value of 9,776,644 shares of ESSA common stock, including 31,106 non-vested restricted stock awards and excluding 378,170 unearned ESSA Bank ESOP shares required to retire the outstanding ESSA Bank ESOP lo…", "offset": 434113 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "While it is currently anticipated that the merger will be completed promptly following the receipt of all required regulatory and shareholder approvals, there can be no assurance that the conditions to closing will be satisfied in a timely manner or at all, or that an effect, event, development or change will not transpire that could delay or prevent these conditions from being satisfied or impos…", "offset": 115715 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect A-61 Material Contract A-16 Merger A-1 Merger Consideration A-5 Merger Registration Statement A-40 NASDAQ A-62 New Board Member A-2 Notice of Superior Proposal A-44 Notice Period A-44 OREO A-22 Pandemic A-62 Pandemic Measures A-62 Per Share Consideration A-62 Person A-62 Premium Limit A-46 Proceeding A-45 Regulatory Approvals A-27 Regulatory Order A-13 A-v Table of Conte…", "offset": 695431 } } } }, "size": { "dealValueUsd": 201500000, "impliedEquityValueUsd": null, "sharesOutstanding": 10154664, "annualRevenueUsd": null, "revenueFiscalYear": null, "basis": "deal-value", "screenedValueUsd": 201500000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.367245657568239, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-25-050445", "cik": "0001444380", "target": "NEVRO CORP", "form": "DEFM14A", "fileDate": "2025-03-10", "url": "https://www.sec.gov/Archives/edgar/data/1444380/000119312525050445/d857684ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 5.85, "exchangeRatio": null, "excerpt": { "text": "If the Merger is consummated, you will be entitled to receive $5.85 in cash, without interest, for each Company Share that you own (unless you have properly exercised appraisal rights, including by not voting in favor of the Merger Proposal).", "offset": 3826 } }, "terminationFee": { "present": true, "amountUsd": 10000000, "excerpt": { "text": "Under specified circumstances, we may be required to pay Globus a termination fee of $10,000,000 or $15,000,000 depending upon the circumstances in which the Merger Agreement is terminated (the “ Nevro Termination Fee ”) as described under “ The Merger Agreement—Termination Fee;", "offset": 48493 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…Merger Agreement and approval of the Merger by the holders of a majority of the Company Shares issued and outstanding and entitled to vote thereon as of the Record Date, the expiration or termination of the required waiting period applicable to the consummation of the Merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “ HSR Act ”), and certain other conditions.", "offset": 45685 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing of the Merger (page 64) The consummation of the Merger is not conditioned upon receipt of financing by Globus.", "offset": 78754 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Approval of the Merger Proposal requires the affirmative vote of the holders of a majority of the Company Shares that are issued and outstanding as of the Record Date and entitled to vote thereon. Adoption of the Merger Agreement by our stockholders is a condition to the closing of the Merger.", "offset": 121436 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…be waived in whole or in part by mutual consent of Globus and Merger Sub, to the extent permitted by applicable law: • the representations and warranties made by Nevro in the Merger Agreement with respect to the occurrence of a Company Material Adverse Effect (as defined below) being true and correct as of the date of the Merger Agreement and as of the Closing Date as though made as of such date;", "offset": 97847 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 221589605.25, "sharesOutstanding": 37878565, "annualRevenueUsd": 408518000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 221589605.25 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.512847066412651, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-25-055299", "cik": "0001556898", "target": "Techpoint, Inc.", "form": "DEFM14A", "fileDate": "2025-03-17", "url": "https://www.sec.gov/Archives/edgar/data/1556898/000119312525055299/d835162ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 20, "exchangeRatio": null, "excerpt": { "text": "…ffective Time”): • Each share of common stock, $0.0001 par value per share, of the Company issued and outstanding immediately prior to the effective time of the Merger (the “Shares”) (subject to certain exceptions set forth in the Merger Agreement) will be converted into the right to receive $20.00 per share in cash, without interest, subject to any withholding taxes (the “Merger Consideration”).", "offset": 2374 } }, "terminationFee": { "present": true, "amountUsd": 7520000, "excerpt": { "text": "…gistered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”); and (c) Techpoint will continue to file periodic and other reports with the Securities and Exchange Commission (the “SEC”); • under specified circumstances, in connection with a termination of the Merger Agreement, • Techpoint would be required to pay Parent a termination fee in an aggregate amount of $7,520,000;", "offset": 110212 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…, registrations, waivers, and expirations or terminations of waiting periods from governmental entities as described in “Proposal 1: Approval of the Merger Agreement—Regulatory Approvals.” These approvals include clearances under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), and certain specific other filings and related approvals from CFIUS and Taiwan DIR.", "offset": 65365 } }, "cfius": { "present": true, "excerpt": { "text": "…rust Filings”), (b) approval has been obtained from the Committee on Foreign Investment in the United States (“CFIUS” and such approval, the “CFIUS Approval”), and (c) approval has been obtained from the Department of Investment Review of the Ministry of Economic Affairs of Taiwan (“Taiwan DIR” and such approval, the “Taiwan DIR Approval”) (collectively, the “Required Regulatory Authorizations”);", "offset": 61383 } }, "noFinancingCondition": { "present": true, "excerpt": { "text": "… and certain specific other filings and related approvals from CFIUS and Taiwan DIR. 8 Table of Contents Financing of the Merger (See “Proposal 1: Approval of the Merger Agreement—Financing of the Merger” beginning on page 74 and “The Transaction Documents—The Merger Agreement—Financing” beginning on page 100) The consummation of the Merger is not conditioned on Parent’s receipt of any financing.", "offset": 65792 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Mutual Conditions The obligations of the Company, Parent, and Merger Sub to effect the Merger, are subject to the satisfaction or waiver of the following conditions: • Techpoint stockholder approval of the Merger Agreement Proposal;", "offset": 61024 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…to do business in each jurisdiction in which the nature of the business conducted by it or the character or location of the properties and assets owned or leased by it makes such licensing or qualification necessary, except where the failure to be so licensed or qualified, individually or in the aggregate, has not had and would not reasonably be expected to have a Company Material Adverse Effect.", "offset": 522662 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 377720160, "sharesOutstanding": 18886008, "annualRevenueUsd": 70613000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 377720160 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 1.9908918814394234, "terminationFeePctBasis": "implied" }, { "adsh": "0001140361-25-009097", "cik": "0001531978", "target": "Paragon 28, Inc.", "form": "DEFM14A", "fileDate": "2025-03-18", "url": "https://www.sec.gov/Archives/edgar/data/1531978/000114036125009097/ny20044078x2_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 13, "exchangeRatio": null, "excerpt": { "text": "A: If the merger is consummated, for each share of Company common stock that you own as of immediately prior to the effective time, you will be entitled to receive the merger consideration, which consists of (i) the cash consideration ($13.00 in cash, without interest and subject to any applicable withholding taxes), and (ii) the CVR consideration (one CVR representing the right to receive an amo…", "offset": 88616 } }, "terminationFee": { "present": true, "amountUsd": 40000000, "excerpt": { "text": "Company Termination Fee (page 110 ) The Company will be required to pay to Zimmer a termination fee of $40 million if: • the merger agreement is terminated by the Company or Zimmer pursuant to the provisions described in the first or third bullet point described above in the section of this proxy statement entitled \" The Merger Agreement - Termination of the Merger Agreement-Termination by Either…", "offset": 82733 } }, "dealValueUsd": { "present": true, "amountUsd": 1000000000, "excerpt": { "text": "The September 9 Proposal represented an aggregate equity value of approximately $1.0 billion and a premium of approximately 51% over the closing trading price of Company common stock of $7.30 on September 6, 2024, the last trading day prior to the September 9 Proposal.", "offset": 177835 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Consummation of the merger is subject to the requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the rules and regulations promulgated thereunder (which we refer to as the \"HSR Act\") and the rules promulgated by the Federal Trade Commission (which we refer to as the \"FTC\"), which prevent transactions such as the merger from being consummated until (i) certain information …", "offset": 63613 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing of the Merger (page 72 ) There is no financing condition to the consummation of the merger.", "offset": 53610 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "… stockholder approval under certain circumstances and, under certain conditions, to accept a superior proposal, and the Company's corresponding right to terminate the merger agreement (subject to the payment by the Company to Zimmer of a termination fee of $40 million), and that the amount of the termination fee payable by the Company is comparable to termination fees in transactions of a simila…", "offset": 270587 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…r to the effective time under the merger agreement; and • the absence of any change, circumstance, condition, development, effect, event, occurrence or state of facts which, individually or in the aggregate, has had or would reasonably be expected to have a Material Adverse Effect (as defined in the section of this proxy statement entitled \" The Merger Agreement-Representations and Warranties \").", "offset": 76901 } } } }, "size": { "dealValueUsd": 1000000000, "impliedEquityValueUsd": 1093984619, "sharesOutstanding": 84152663, "annualRevenueUsd": 256182000, "revenueFiscalYear": 2024, "basis": "deal-value", "screenedValueUsd": 1000000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4, "terminationFeePctBasis": "stated" }, { "adsh": "0001503707-25-000024", "cik": "0001503707", "target": "NorthStar Healthcare Income, Inc.", "form": "DEFM14A", "fileDate": "2025-03-18", "url": "https://www.sec.gov/Archives/edgar/data/1503707/000150370725000024/nshi2025proxystatement.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 3.03, "exchangeRatio": null, "excerpt": { "text": "…On November 15, 2024, Welltower submitted a written, non-binding indication of interest to acquire all of the fully diluted outstanding shares of NorthStar Healthcare's common stock for cash consideration of $3.03 per share, which price represented an equity value for NorthStar Healthcare of approximately $563 million and a gross asset value for NorthStar Healthcare of approximately $935 million.", "offset": 104377 } }, "terminationFee": { "present": true, "amountUsd": 22500000, "excerpt": { "text": "No Solicitation \"; ◦ the fact that the board of directors may terminate the Merger Agreement, in specified circumstances relating to a superior proposal, subject, in specified cases, to payment of a termination fee of $22.5 million or $14.07 million (depending on the timing of the termination), which amounts the board of directors believed were reasonable in light of, among other matters, the ben…", "offset": 130673 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": true, "windowDays": 40, "excerpt": { "text": "Among other terms, the draft Merger Agreement included: (i) a go-shop period of 40 days, with an additional 10-day period in the event of ongoing negotiations with a bidder at the conclusion of the 40-day go-shop period that the board of directors determined would reasonably be expected to lead to a superior proposal, (ii) no right for NorthStar Healthcare to change its recommendation to stockhol…", "offset": 111309 } }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "For a summary of CSCA's opinion and the methodology used to render its opinion, see \" The Merger-Opinion of Our Financial Advisor .\" Financing (page 40) Parent's and Merger Sub's obligations under the Merger Agreement are not subject to any financing condition.", "offset": 27067 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…h of the Company's, Parent's and Merger Sub's obligation to complete the merger and the other transactions contemplated by the Merger Agreement is subject to the satisfaction or waiver of the following conditions: • the approval of the merger and the other transactions contemplated by the Merger Agreement by the required vote of the Company's stockholders (the \" stockholder approval condition \");", "offset": 38485 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "Definition of \"Company Material Adverse Effect\", \"Parent Material Adverse Effect\", and \"Guarantor Material Adverse Effect\" Many of the representations of NorthStar Healthcare are qualified by a \"company material adverse effect\" standard (that is, they will not be deemed to be untrue or incorrect unless their failure to be true or correct, individually or in the aggregate, would reasonably be expe…", "offset": 232731 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 562707672.0899999, "sharesOutstanding": 185712103, "annualRevenueUsd": 206661000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 562707672.0899999 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.998523765711396, "terminationFeePctBasis": "implied" }, { "adsh": "0001104659-25-026856", "cik": "0001606745", "target": "Liberty TripAdvisor Holdings, Inc.", "form": "DEFM14A", "fileDate": "2025-03-24", "url": "https://www.sec.gov/Archives/edgar/data/1606745/000110465925026856/tm251763-8_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 0.2567, "exchangeRatio": null, "excerpt": { "text": "… stock \", and together with the Liberty TripAdvisor Series A common stock, the \" Liberty TripAdvisor common stock \"), in each case, issued and outstanding immediately prior to the effective time (other than the excluded shares (as defined below)) would be converted into the right to receive $0.2567 in cash (without interest thereon) (such consideration, the \" common share merger consideration \");", "offset": 3555 } }, "terminationFee": { "present": true, "amountUsd": 16310000, "excerpt": { "text": "…f the Merger Agreement .\" Termination Fee The merger agreement provides that Liberty TripAdvisor will pay to Tripadvisor a termination fee of $16,310,000 if the merger agreement is terminated under the following circumstances: • Tripadvisor terminates the merger agreement pursuant to the change in recommendation termination right (other than in connection with a Tripadvisor acquisition proposal);", "offset": 121063 } }, "dealValueUsd": { "present": true, "amountUsd": 435000000, "excerpt": { "text": "Also on December 17, 2024, representatives of Centerview delivered to O'Melveny a calculation of the termination fee equal to $16.310 million, implying a fee of 3.75% on a transaction value of $435 million.", "offset": 237309 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Maffei, in connection with the preparation, negotiation, execution and delivery of the Maffei voting agreement (which fee cap excludes any filing fees payable under the Hart-Scott-Rodino Act (the \" HSR Act \")).", "offset": 98462 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "For more information, see the section entitled \" Merger Agreement-Liberty TripAdvisor Change in Recommendation .\" Financing of the Merger The obligation of Tripadvisor and Merger Sub to consummate the merger is not subject to any financing condition.", "offset": 112279 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…pressed or implied by such statements: • there may be significant transaction costs in connection with the proposed transaction (including significant tax liability); ​ • the parties may not realize the potential benefits of the proposed transaction in the near term or at all; ​ • the satisfaction of all conditions to the proposed transaction (including stockholder approvals) may not be achieved;", "offset": 412389 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect.\" With respect to Liberty TripAdvisor, the merger agreement provides that a \" Liberty TripAdvisor Material Adverse Effect \" means any change, event, development, circumstance or effect that, individually or in the aggregate, has, or would be reasonably be expected to have, a material adverse 96 TABLE OF CONTENTS effect on the business, assets, condition (financial or oth…", "offset": 482770 } } } }, "size": { "dealValueUsd": 435000000, "impliedEquityValueUsd": null, "sharesOutstanding": null, "annualRevenueUsd": 1835000000, "revenueFiscalYear": 2024, "basis": "deal-value", "screenedValueUsd": 435000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.749425287356322, "terminationFeePctBasis": "stated" }, { "adsh": "0001104659-25-034826", "cik": "0001494650", "target": "OptiNose, Inc.", "form": "DEFM14A", "fileDate": "2025-04-15", "url": "https://www.sec.gov/Archives/edgar/data/1494650/000110465925034826/tm2510818-3_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 9, "exchangeRatio": null, "excerpt": { "text": "… entitled to receive the merger consideration, which consists of (i) the cash consideration ($9.00 in cash, without interest and subject to withholding of applicable taxes), and (ii) the CVR consideration (one CVR representing the right to receive to two contingent cash payments with an aggregate maximum amount payable of $5.00, without interest and subject to withholding of applicable taxes, su…", "offset": 98402 } }, "terminationFee": { "present": true, "amountUsd": 4500000, "excerpt": { "text": "…OF CONTENTS ​ ​ ​ Termination Fees (page 117 ) If the merger agreement is terminated in certain circumstances described in the section of this proxy statement entitled \" The Merger Agreement - Company Termination Fee \" beginning on page 117 and \" The Merger Agreement - Paratek Termination Fee \" beginning of page 117 : • the Company will be obligated to pay Paratek a termination fee of $4,500,000;", "offset": 95047 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "… the Merger Agreement \"), including, if applicable, providing as promptly as practicable all information required by any governmental body pursuant 11 TABLE OF CONTENTS ​ to its evaluation of the transactions contemplated by the merger agreement under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the rules and regulations promulgated thereunder (which we refer to as the \"HSR Act\");", "offset": 71760 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "…agreement; ​ • Paratek and Merger Sub having complied with or performed in all material respects the covenants and agreements they are required to comply with or perform at or prior to the effective time under the merger agreement; and ​ • the CVR agreement being in full force and effect. ​ The consummation of the merger and the transactions is not conditioned upon Paratek's receipt of financing.", "offset": 87999 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Conditions of the Merger (page 115 ) Mutual Closing Conditions Each party's obligations to effect the merger are subject to the satisfaction (or, if permitted under applicable legal requirements, waiver by mutual consent of Paratek, Merger Sub and the Company) as of the closing of the merger of certain conditions, including: • the Company stockholder approval will have been obtained;", "offset": 85362 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…lied with or performed in all material respects the covenants and agreements it is required to comply with or perform at or prior to the effective time under the merger agreement; and ​ • since the date of the merger agreement, there not having occurred a Material Adverse Effect (as defined in the section of this proxy statement entitled \" The Merger Agreement - Representations and Warranties \").", "offset": 87054 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 91146429, "sharesOutstanding": 10127381, "annualRevenueUsd": 78226000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 91146429 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.937110591573478, "terminationFeePctBasis": "implied" }, { "adsh": "0001641172-25-008896", "cik": "0001760903", "target": "Safety Shot, Inc.", "form": "DEFM14A", "fileDate": "2025-05-06", "url": "https://www.sec.gov/Archives/edgar/data/1760903/000164117225008896/formdefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.2918, "excerpt": { "text": "Shares underlying the Replaced Option multiplied by the exchange ratio of 0.2918 (the \" Exchange Ratio \").", "offset": 64437 } }, "terminationFee": { "present": true, "amountUsd": 1750000, "excerpt": { "text": "A: In certain circumstances, depending on the reasons for the termination of the Arrangement Agreement, Yerbaé may have to pay Safety Shot a termination fee equal to $1,750,000 plus Safety's Shot's expenses for the Transaction not to exceed $250,000 (the \" Termination Fee \").", "offset": 75454 } }, "dealValueUsd": { "present": true, "amountUsd": 66620000.00000001, "excerpt": { "text": "In the PIPE Financing, Safety Shot raised gross proceeds of approximately $0.5 million at an implied equity value of $66.62 million;", "offset": 492893 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "(c) is not subject to any financing contingency, and in respect of which it has been demonstrated to the satisfaction of the Yerbaé", "offset": 901614 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": false, "excerpt": null }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "(v) a Safety Shot Material Adverse Effect (as defined below) or Yerbaé", "offset": 165697 } } } }, "size": { "dealValueUsd": 66620000.00000001, "impliedEquityValueUsd": null, "sharesOutstanding": 8000940, "annualRevenueUsd": 2117309, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 66620000.00000001 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 2.6268387871510055, "terminationFeePctBasis": "stated" }, { "adsh": "0001641172-25-009332", "cik": "0001978133", "target": "YERBAE BRANDS CORP.", "form": "DEFM14A", "fileDate": "2025-05-09", "url": "https://www.sec.gov/Archives/edgar/data/1978133/000164117225009332/formdefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.2918, "excerpt": { "text": "Shares underlying the Replaced Option multiplied by the exchange ratio of 0.2918 (the \" Exchange Ratio \").", "offset": 64439 } }, "terminationFee": { "present": true, "amountUsd": 1750000, "excerpt": { "text": "A: In certain circumstances, depending on the reasons for the termination of the Arrangement Agreement, Yerbaé may have to pay Safety Shot a termination fee equal to $1,750,000 plus Safety's Shot's expenses for the Transaction not to exceed $250,000 (the \" Termination Fee \").", "offset": 75456 } }, "dealValueUsd": { "present": true, "amountUsd": 66620000.00000001, "excerpt": { "text": "In the PIPE Financing, Safety Shot raised gross proceeds of approximately $0.5 million at an implied equity value of $66.62 million;", "offset": 492895 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "(c) is not subject to any financing contingency, and in respect of which it has been demonstrated to the satisfaction of the Yerbaé", "offset": 901614 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": false, "excerpt": null }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "(v) a Safety Shot Material Adverse Effect (as defined below) or Yerbaé", "offset": 165699 } } } }, "size": { "dealValueUsd": 66620000.00000001, "impliedEquityValueUsd": null, "sharesOutstanding": 67160533, "annualRevenueUsd": 5905541, "revenueFiscalYear": 2024, "basis": "deal-value", "screenedValueUsd": 66620000.00000001 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 2.6268387871510055, "terminationFeePctBasis": "stated" }, { "adsh": "0001140361-25-018793", "cik": "0000743238", "target": "SHYFT GROUP, INC.", "form": "DEFM14A", "fileDate": "2025-05-14", "url": "https://www.sec.gov/Archives/edgar/data/743238/000114036125018793/ny20046461x6_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": null, "excerpt": { "text": "\" Exchange Ratio \" refers to a ratio of 1.040166432 fully paid and nonassessable shares of Aebi Schmidt Common Stock to be issued under the Merger Agreement to Shyft shareholders holding shares of Shyft Common Stock as of immediately prior to the Effective Time in respect of each issued and outstanding share of Shyft Common Stock held by such Shyft shareholder as of immediately prior to the Effec…", "offset": 27800 } }, "terminationFee": { "present": true, "amountUsd": 13664855, "excerpt": { "text": "If the Merger Agreement is terminated, under specified circumstances, Shyft may be required to pay Aebi Schmidt a termination fee of $13,664,855, and under other specified circumstances, Aebi Schmidt may be required to pay Shyft a termination fee of $23,913,497.", "offset": 60480 } }, "dealValueUsd": { "present": true, "amountUsd": 735200000, "excerpt": { "text": "The October 12 Letter provided, among other things, (i) for an updated proposed equity value of approximately $735.2 million for Shyft and $858.7 million for Aebi Schmidt based on an implied enterprise value to 2024 EBITDA multiple for Shyft of 17.9x, based on the then current analyst consensus 2024 adjusted EBITDA of $46m or 12.5x based on a Shyft management adjusted 2024 EBITDA of $66m (calcula…", "offset": 363555 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "\" HSR Act \" refers to the Hart-Scott-Rodino Antitrust Improvements Act of 1976.", "offset": 29628 } }, "cfius": { "present": true, "excerpt": { "text": "\" CFIUS \" refers to the Committee on Foreign Investment in the United States and each member agency thereof, acting in such capacity.", "offset": 25384 } }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…ndensed combined financial information and prospective financial information included in this proxy statement/prospectus are presented for illustrative purposes only and the actual financial condition and results of operations of the Combined Company following the Merger may differ materially; • Shyft may waive one or more of the conditions to the Merger without resoliciting shareholder approval;", "offset": 138400 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…ad and would not reasonably be expected to have, individually or in the aggregate, a Aebi Schmidt Material Adverse Effect or (ii) would not reasonably be expected to, individually or in the aggregate, prevent, materially delay or impair the ability of each of Aebi Schmidt, Holdco or Merger Sub to perform its obligations under this Agreement or to consummate the Transactions or the Debt Financing.", "offset": 1179881 } } } }, "size": { "dealValueUsd": 735200000, "impliedEquityValueUsd": null, "sharesOutstanding": 35006084, "annualRevenueUsd": 786176000, "revenueFiscalYear": 2024, "basis": "deal-value", "screenedValueUsd": 735200000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 1.8586581882480957, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-25-122486", "cik": "0001320350", "target": "LENSAR, Inc.", "form": "DEFM14A", "fileDate": "2025-05-19", "url": "https://www.sec.gov/Archives/edgar/data/1320350/000119312525122486/d920080ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 14, "exchangeRatio": null, "excerpt": { "text": "If the Merger is consummated, you will be entitled to receive (i) $14.00 per share in cash, without interest and subject to any applicable withholding taxes (the “ Cash Consideration ”), plus (ii) one contingent value right per share (each, a “ CVR ”), representing the right to receive one contingent payment of $2.75 in cash, without interest, upon the achievement of the milestone set forth in, a…", "offset": 4091 } }, "terminationFee": { "present": true, "amountUsd": 8500000, "excerpt": { "text": "Under specified circumstances, we may be required to pay Parent a termination fee of $8,500,000.00 upon the termination of the Merger Agreement (the “ LENSAR Termination Fee ”), including if the Board changes its recommendation to LENSAR stockholders to vote FOR the Merger Proposal, or we enter into an alternative transaction with respect to a Superior Proposal, as further described under “ The M…", "offset": 63459 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": true, "excerpt": { "text": "Deregistration A-49 5.14 Resignations A-49 5.15 FDA and Regulatory Filings A-49 5.16 R&W Insurance Policy A-49 5.17 Obligations of Merger Sub A-50 5.18 Parent Stockholder Consent A-50 5.19 280G Calculations A-50 5.20 Deposit A-50 5.21 CVR Agreement A-50 ARTICLE VI CONDITIONS A-51 6.1 Conditions to Each Party’s Obligation To Effect the Merger A-51 6.2 Conditions to the Obligation of the Company to…", "offset": 530216 } }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…ed thereby, by the holders of a majority in voting power of the shares of LENSAR Capital Stock issued and outstanding and entitled to vote thereon as of the Record Date, the expiration or termination of the required waiting period applicable to the consummation of the Merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “ HSR Act ”), and certain other conditions.", "offset": 60597 } }, "cfius": { "present": true, "excerpt": { "text": "If Parent is required by law or regulation to file, or Parent and LENSAR otherwise jointly determine to file, or CFIUS requests that Parent and LENSAR file, a joint voluntary notice pursuant to Section 721 of the Defense Production Act of 1950, as amended (“ DPA ”), with respect to the transactions contemplated by the Merger Agreement, Parent and LENSAR have agreed to (i) jointly submit, as promp…", "offset": 358233 } }, "noFinancingCondition": { "present": true, "excerpt": { "text": "The Board considered the representation of Parent that Parent would have available sufficient funds for the satisfaction of all of its obligations under the Merger Agreement and to pay all related fees and expenses required to be paid by Parent or Merger Sub pursuant to the terms of the Merger Agreement, and that the consummation of the Merger is not subject to a financing condition.", "offset": 239832 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Termination (page 107) The Merger Agreement may be terminated and the Merger may be abandoned at any time prior to the Effective Time, whether before or after adoption of the Merger Agreement by LENSAR’s stockholders as follows: • by the mutual consent of LENSAR and Parent in a written instrument;", "offset": 128203 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… representations and warranties made by LENSAR in the Merger Agreement being true and correct (without giving effect to any limitation as to “materiality” or “ Material Adverse Effect” set forth therein) as of the date of the Merger Agreement and as of the Closing Date as though made at and as of such time (except to the extent expressly made as of an earlier date, in which case as of such date);", "offset": 125565 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 169460592, "sharesOutstanding": 12104328, "annualRevenueUsd": 51656000, "revenueFiscalYear": 2025, "basis": "implied-equity-value", "screenedValueUsd": 169460592 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 5.015915440682515, "terminationFeePctBasis": "implied" }, { "adsh": "0001104659-25-051676", "cik": "0001689731", "target": "Southern States Bancshares, Inc.", "form": "DEFM14A", "fileDate": "2025-05-21", "url": "https://www.sec.gov/Archives/edgar/data/1689731/000110465925051676/tm2515733-1_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.8, "excerpt": { "text": "Each share of Southern States common stock issued and outstanding immediately prior to the effective time of the merger (the \"effective time\") (other than certain shares held by FB Financial or Southern States) will be converted into the right to receive 0.80 shares of FB Financial common stock (the \"exchange ratio\", and such shares of FB Financial, the \"merger consideration\").", "offset": 23706 } }, "terminationFee": { "present": true, "amountUsd": 15000000, "excerpt": { "text": "…rty a termination fee equal to $15,000,000, as described under the section entitled \"The Merger Agreement - Termination Fee.\" Each party also has an unqualified obligation to submit its respective merger-related proposals to a vote by such party's shareholders, including if Southern States receives an unsolicited proposal that Southern States board of directors believes is superior to the merger.", "offset": 141444 } }, "dealValueUsd": { "present": true, "amountUsd": 380700000, "excerpt": { "text": "Performance Trust calculated an aggregate implied transaction value of approximately $380.7 million and an implied purchase price per share of $37.64 based on the closing price of FB Financial common stock on March 28, 2025 and Southern States shares outstanding of 9,922,180 as of March 14, 2025 with an additional 75,062 restricted stock units and the cash out of 255,059 of options with a weighte…", "offset": 261745 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…quisition Proposal with respect to Seller; and (2) thereafter this Agreement is terminated: (A) by either Buyer or Seller pursuant to Section 7.01(c) because the Requisite Seller Stockholder Approval shall not have been obtained (and all other conditions in Section 6.01 and Section 6.02 are satisfied or were capable of being satisfied or waived by the terminating Party prior to such termination);", "offset": 763382 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… qualified or licensed to transact business as a foreign corporation in good standing in each jurisdiction in which its ownership of its Assets or conduct of its business requires such qualification or licensure, except where failure to be so qualified or licensed has not had or would not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect on Seller.", "offset": 550003 } } } }, "size": { "dealValueUsd": 380700000, "impliedEquityValueUsd": null, "sharesOutstanding": 9923708, "annualRevenueUsd": 2022000, "revenueFiscalYear": 2024, "basis": "deal-value", "screenedValueUsd": 380700000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.940110323089047, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-25-139568", "cik": "0000917491", "target": "FARO TECHNOLOGIES INC", "form": "DEFM14A", "fileDate": "2025-06-12", "url": "https://www.sec.gov/Archives/edgar/data/917491/000119312525139568/d891999ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 44, "exchangeRatio": null, "excerpt": { "text": "If the Merger is completed, you will be entitled to receive $44.00 in cash, without interest and subject to all applicable withholding taxes, for each share of FARO common stock (the “ Merger Consideration ”) you own.", "offset": 2733 } }, "terminationFee": { "present": true, "amountUsd": 28000000, "excerpt": { "text": "… pay Parent a termination fee of approximately $28 million under certain circumstances after the date of the Merger Agreement, including the potential effect of the termination fee to deter other potential bidders from making an Acquisition Proposal for FARO, and the impact of the termination fee on FARO’s ability to engage in another transaction for twelve months if the Merger Agreement is term…", "offset": 181785 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Regulatory Approvals Required for the Merger (page 64) FARO and Parent intend to seek all required regulatory approvals, including antitrust clearance in the United States, Austria, Germany and Romania.", "offset": 51156 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "The obligation of the parties to complete the Merger is not subject to a financing condition.", "offset": 48395 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Conditions to the Closing of the Merger The respective obligations of each party to consummate the Merger are subject to the satisfaction (or waiver, if permissible under law) at or prior to the Effective Time of each of the following conditions: • the Company Shareholder Approval having been obtained;", "offset": 362239 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…, on the other hand, of or with their respective covenants and agreements required to be performed or complied with by them under the Merger Agreement on or before the closing date of the Merger; and 12 Table of Contents • a Company Material Adverse Effect (as defined in “ The Merger Agreement—Representations and Warranties ” on page 69 of this proxy statement) not having occurred and continuing.", "offset": 66909 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 845954560, "sharesOutstanding": 19226240, "annualRevenueUsd": 342427000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 845954560 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.309870449779241, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-25-151902", "cik": "0001827087", "target": "Vigil Neuroscience, Inc.", "form": "DEFM14A", "fileDate": "2025-06-30", "url": "https://www.sec.gov/Archives/edgar/data/1827087/000119312525151902/d928340ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 8, "exchangeRatio": null, "excerpt": { "text": "If the Merger is completed, you will be entitled to receive, for each issued and outstanding share of common stock, par value $0.0001, of the Company (the “Company common stock”) that you own immediately prior to the effective time of the Merger (the “Effective Time”), (i) $8.00 in cash, without interest, less any applicable withholding taxes, plus (ii) one contractual contingent value right (“CV…", "offset": 2553 } }, "terminationFee": { "present": true, "amountUsd": 22246157, "excerpt": { "text": "For additional information, see the section titled “ The Merger Agreement—Termination ” beginning on page 99 of this proxy statement. 13 Table of Contents Termination Fees (page 101) The Merger Agreement provides that the Company may will pay Parent the Termination Fee of $22,246,157 upon: • termination of the Merger Agreement by Parent pursuant to the Specified Agreement Termination Right (as de…", "offset": 73441 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "… Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”) applicable to the Merger shall have expired or been terminated without the imposition of a Burdensome Condition (other than a Burdensome Condition that Parent, in its sole discretion, has determined to accept) and there shall not be in effect any voluntary agreement between Parent and the Company, on the one hand, …", "offset": 58270 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Each of the Transaction Committee and the Board of Directors also considered the fact that there is no financing condition to the completion of the Merger.", "offset": 244632 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Conditions to the Merger (page 97) The respective obligations of the Company, Parent, and Merger Sub to consummate the Merger are subject to the satisfaction or waiver at or prior to the Effective Time of the following conditions: • The Company Stockholder Approval shall have been duly obtained at the Special Meeting (or any adjournment or postponement thereof);", "offset": 57281 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "Business status (i) that are not qualified by the words “materially” or “material” or any qualifications based on the term “Material Adverse Effect” shall have been accurate in all material respects on and as of the date of the Merger Agreement and shall be accurate in all material respects on and as of the Closing as if made on and as of such date and (ii) that are qualified by the words “materi…", "offset": 60122 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 381609288, "sharesOutstanding": 47701161, "annualRevenueUsd": null, "revenueFiscalYear": null, "basis": "implied-equity-value", "screenedValueUsd": 381609288 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 5.829563823404634, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-25-162759", "cik": "0000707388", "target": "STAR EQUITY HOLDINGS, INC.", "form": "DEFM14A", "fileDate": "2025-07-23", "url": "https://www.sec.gov/Archives/edgar/data/707388/000119312525162759/d71154ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.23, "excerpt": { "text": "In the Merger, Star stockholders will be entitled to receive 0.23 shares of Hudson common stock, par value $0.001 per share (“Hudson Common Stock”), in exchange for each share of Star common stock, par value $0.0001 per share (“Star Common Stock”), owned by them immediately prior to the Merger, and, one share of Hudson 10.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per shar…", "offset": 2124 } }, "terminationFee": { "present": true, "amountUsd": 250000, "excerpt": { "text": "If the Merger Agreement is terminated under certain specified circumstances, Hudson or Star may be required to reimburse certain expenses of the other party, or (i) in the case of Hudson, pay to Star a termination fee of $250,000 under certain specified circumstances and (ii) in the case of Star, pay to Hudson a termination fee of $250,000 under certain specified circumstances.", "offset": 202356 } }, "dealValueUsd": { "present": true, "amountUsd": 40000000, "excerpt": { "text": "Discontinued Operations within the notes to our accompanying consolidated financial statements, we completed the sale of Digirad Health on May 4, 2023, for total aggregate consideration of $40 million, comprised of $27 million in cash, a $7 million promissory note (“Seller Note”), and $6 million in rollover equity in the parent entity of Catalyst.", "offset": 1705087 } }, "escrow": { "present": true, "amountUsd": 1000, "excerpt": { "text": "Accrued Liabilities December 31, 2024 December 31, 2023 Accrued liabilities: Escrow funds $ 1,000 $ — Sales and property taxes payable 263 398 Outside services and consulting 328 — Other accrued liabilities 231 387 Earnout Provision 152 552 Taxes Payable related to Digirad Sale — 169 Total accrued liabilities $ 1,974 $ 1,506 Note 6.", "offset": 1100422 } }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "…to be consummated in accordance with its terms and (y) is on terms and conditions that are more favorable, from a financial point of view, to Parent’s stockholders or the Company’s stockholders, as applicable, than the terms of the Contemplated Transactions and (c) is not subject to any financing conditions (and if financing is required, such financing is then fully committed to the third party).", "offset": 1219218 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "The approval of the Star stockholders of the Merger Proposal (the “Star Stockholder Approval”) is a condition to the obligations of Hudson, Merger Sub and Star to consummate the Merger.", "offset": 45729 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect (without giving effect to any references therein to any Star Material Adverse Effect or other materiality qualifications) or (b) for those representations and warranties which address matters only as of a particular date (which representations shall have been true and correct, subject to the qualifications as set forth in the preceding clause (a), as of such particular d…", "offset": 127257 } } } }, "size": { "dealValueUsd": 40000000, "impliedEquityValueUsd": null, "sharesOutstanding": 3234978, "annualRevenueUsd": 53359000, "revenueFiscalYear": 2024, "basis": "deal-value", "screenedValueUsd": 40000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 0.625, "terminationFeePctBasis": "stated" }, { "adsh": "0001140361-25-027048", "cik": "0000896429", "target": "CANTALOUPE, INC.", "form": "DEFM14A", "fileDate": "2025-07-24", "url": "https://www.sec.gov/Archives/edgar/data/896429/000114036125027048/ny20051022x2_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 11.2, "exchangeRatio": null, "excerpt": { "text": "…t the effective time of the Merger, each share of common stock, without par value, of Cantaloupe (which we refer to as \"common stock\") issued and outstanding immediately prior to the effective time of the Merger (but excluding certain shares as set forth in the Merger Agreement) will be converted into the right to receive $11.20 in cash, without interest and less any applicable withholding taxes.", "offset": 2445 } }, "terminationFee": { "present": true, "amountUsd": 31500000, "excerpt": { "text": "In certain circumstances, we may be required to pay 365 a termination fee equal to $31.5 million in connection with a termination of the Merger Agreement as described under the section of this proxy statement titled \" The Merger Agreement-Termination Fee;", "offset": 108300 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "…l Adverse Effect (A) neither the Company nor any of its Subsidiaries is a party to the any source code escrow agreement or otherwise obligated to provide to any Person (or escrow agent for the benefit of any Person) the source code for any Company Software, and (B) none of the source code or related materials for any Company Software is in escrow or under any obligation to be deposited in escrow.", "offset": 574066 } }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…completion of the Merger is subject to the satisfaction or written waiver (if permissible under applicable law) of various customary closing conditions, including (i) the obtainment of the required Cantaloupe shareholder approval and (ii) the expiration or termination of any applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (which we refer to as \"HSR Act\").", "offset": 63599 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "The Merger is not subject to a financing condition.", "offset": 63700 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…opted and declared advisable the Merger Agreement and the transactions contemplated thereby, including the Merger, (iii) recommended the approval and adoption of the Merger Agreement by Cantaloupe's shareholders and (iv) directed that the Merger Agreement be submitted to Cantaloupe's shareholders for their vote to adopt the Merger Agreement at a duly convened meeting of Cantaloupe's shareholders.", "offset": 3003 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "The Board's belief that the Merger is likely to be completed, based on, among other things: ○ the absence of a financing condition; ○ the financial strength of 365 and the fact that it obtained committed debt financing; ○ the fact that the definition of \"Material Adverse Effect\" has a number of customary exceptions and is generally a very high standard applied by courts;", "offset": 208619 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 825815950.4, "sharesOutstanding": 73733567, "annualRevenueUsd": 302548000, "revenueFiscalYear": 2025, "basis": "implied-equity-value", "screenedValueUsd": 825815950.4 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.814409249996003, "terminationFeePctBasis": "implied" }, { "adsh": "0001104659-25-072474", "cik": "0000877422", "target": "SpartanNash Co", "form": "DEFM14A", "fileDate": "2025-07-31", "url": "https://www.sec.gov/Archives/edgar/data/877422/000110465925072474/tm2518553-8_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 26.9, "exchangeRatio": null, "excerpt": { "text": "…h case, immediately prior to the Effective Time (the \"canceled shares\")) and all rights in respect thereof, shall, at the Effective Time, automatically be converted into the right to receive $26.90 in cash, without interest, which represents a premium of 52.5% over SpartanNash's closing share price on June 20, 2025, which was the last trading day prior to the announcement of the Merger Agreement.", "offset": 2929 } }, "terminationFee": { "present": true, "amountUsd": 35400000, "excerpt": { "text": "…ion fees: • If the Merger Agreement is terminated prior to obtaining the Company Shareholder Approval either (i) by SpartanNash in order to enter into a definitive agreement with respect to a Company Superior Proposal or (ii) by Parent if a Change of Recommendation has occurred, then the Company will be required to pay Parent a termination fee equal to $35,400,000 (the \"Company Termination Fee\").", "offset": 70149 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Antitrust Review Required for the Merger and Other Regulatory Filings (see page 61) Under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the \"HSR Act\"), we cannot complete the Merger until we have given notification and furnished information to the Federal Trade Commission (\"FTC\") and the Antitrust Division of the Department of Justice (\"DOJ\"), and until the applicable wait…", "offset": 55494 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "The completion of the Merger is not subject to a financing condition under the Merger Agreement.", "offset": 55335 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Expected Timing of the Merger We expect to complete the Merger in late 2025, subject to certain customary closing conditions, including, among other things, SpartanNash shareholder approval and the expiration or termination of any applicable waiting period under the HSR Act and the receipt of all requisite consents pursuant to the HSR Act, and it is possible that factors outside of the control of…", "offset": 58747 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…S • the conditions to closing contained in the Merger Agreement, which are customary in number and scope, and which, in the case of the condition related to the accuracy of SpartanNash's representations and warranties, are generally subject to a \" Company Material Adverse Effect\" qualification (as described in the section entitled \"The Merger Agreement - Conditions to the Closing of the Merger\");", "offset": 184455 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 910782674.8, "sharesOutstanding": 33858092, "annualRevenueUsd": 9549324000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 910782674.8 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.886766951048288, "terminationFeePctBasis": "implied" }, { "adsh": "0001104659-25-075034", "cik": "0001778784", "target": "Provident Bancorp, Inc. /MD/", "form": "DEFM14A", "fileDate": "2025-08-07", "url": "https://www.sec.gov/Archives/edgar/data/1778784/000110465925075034/tm2519337-8_def14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "mixed", "cashPerShareUsd": 13, "exchangeRatio": 0.691, "excerpt": { "text": "Based on this price with respect to the stock consideration, and the cash consideration of $13.00 per share, upon completion of the merger, a Provident stockholder who receives cash for 50% of his or her shares of Provident common stock and receives stock for 50% of his or her shares of Provident common stock would receive total merger consideration with an implied value of approximately $12.26 p…", "offset": 29875 } }, "terminationFee": { "present": true, "amountUsd": 8500000, "excerpt": { "text": "In addition, if the merger agreement is terminated in certain circumstances, a termination fee of $8.5 million will be payable by Provident.", "offset": 53810 } }, "dealValueUsd": { "present": true, "amountUsd": 220600000, "excerpt": { "text": "Piper Sandler calculated an aggregate implied transaction value of approximately $220.6 million and an implied purchase price per share of $12.33 consisting of the implied value of 17,788,038 shares of Provident common stock and 1,113,092 stock options with a weighted average exercise price of $11.16 per share and based on the closing price of Needham common stock on June 3, 2025.", "offset": 223684 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "The respective obligations of Buyer and Company to consummate the Merger are subject to the fulfillment or, to the extent permitted by applicable Law, written waiver by the parties prior to the Closing Date of each of the following conditions: (a) Shareholder Approvals .", "offset": 836895 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect ​ ​ ​ ​ 92 ​ ​ ​ Maximum D&O Tail Premium ​ ​ ​ ​ 71 ​ ​ ​ Merger ​ ​ ​ ​ 1 ​ ​ ​ Merger Consideration ​ ​ ​ ​ 5 ​ ​ ​ Merger Sub ​ ​ ​ ​ 1 ​ ​ ​ MGCL ​ ​ ​ ​ 1 ​ ​ ​ Nasdaq ​ ​ ​ ​ 15 ​ ​ ​ National Labor Relations Act ​ ​ ​ ​ 93 ​ ​ ​ New Certificate ​ ​ ​ ​ 9 ​ ​ ​ New Plans ​ ​ ​ ​ 72 ​ ​ ​ Non-Election Shares ​ ​ ​ ​ 5 ​ ​ ​ Old Certificate ​ ​ ​ ​ 5 ​ ​ ​ OREO ​ ​ …", "offset": 491541 } } } }, "size": { "dealValueUsd": 220600000, "impliedEquityValueUsd": null, "sharesOutstanding": 17782946, "annualRevenueUsd": null, "revenueFiscalYear": null, "basis": "deal-value", "screenedValueUsd": 220600000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.85312783318223, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-25-175931", "cik": "0001156388", "target": "BIG 5 SPORTING GOODS Corp", "form": "DEFM14A", "fileDate": "2025-08-08", "url": "https://www.sec.gov/Archives/edgar/data/1156388/000119312525175931/d40300ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 1.45, "exchangeRatio": null, "excerpt": { "text": "If the Merger is consummated, you will be entitled to receive $1.45 in cash, without interest, for each Share that you own (unless you have properly exercised appraisal rights).", "offset": 4427 } }, "terminationFee": { "present": true, "amountUsd": 2000000, "excerpt": { "text": "Under specified circumstances, we may be required to pay Parent a termination fee of $2,000,000 upon the termination of the Merger Agreement (the “Termination Fee”), including if the Board changes its recommendation to Big 5 stockholders to vote “ FOR ” the Merger Proposal, or we enter into an alternative transaction with respect to a Superior Offer (as defined below), as further described under …", "offset": 46015 } }, "dealValueUsd": { "present": true, "amountUsd": 80000000, "excerpt": { "text": "The Transaction Committee reviewed the June 16 Proposal in detail, noting its reliance on outdated assumptions related to the proposal, its stated enterprise value of $80 million, and the deficiencies in the debt and equity commitment papers provided.", "offset": 174175 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "For additional information on the potential interests of members of the Board and Big 5’s executive officers in the Merger, see “ The Merger—Interests of the Directors and Executive Officers of Big 5 in the Merger ” beginning on page 56 of this proxy statement. 15 Table of Contents Financing of the Merger (page 59) There is no financing condition to the consummation of the Merger.", "offset": 76481 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Conditions to the Merger (page 87) The respective obligations of Big 5, Parent and Merger Sub to consummate the Merger are subject to the satisfaction (or, if permitted by applicable legal requirements, waiver by mutual consent of Big 5, Parent and Merger Sub) as of the Closing of each of the following conditions: • the Company Stockholder Approval shall have been obtained;", "offset": 92428 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…o any 19 Table of Contents materiality or Material Adverse Effect (as defined in the Merger Agreement) qualifications in such representations and warranties) being accurate in all material respects as of the date of the Merger Agreement and as of the Effective Time as if made on and as of such time (except to the extent expressly made as of an earlier date, in which case as of such earlier date);", "offset": 93910 } } } }, "size": { "dealValueUsd": 80000000, "impliedEquityValueUsd": 33232145.45, "sharesOutstanding": 22918721, "annualRevenueUsd": 795468000, "revenueFiscalYear": 2024, "basis": "deal-value", "screenedValueUsd": 80000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 2.5, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-25-181839", "cik": "0001879103", "target": "CFSB Bancorp, Inc. /MA/", "form": "DEFM14A", "fileDate": "2025-08-15", "url": "https://www.sec.gov/Archives/edgar/data/1879103/000119312525181839/d28565ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "mixed", "cashPerShareUsd": 14.25, "exchangeRatio": null, "excerpt": { "text": "If the Merger is completed, at the closing, your shares of Company common stock will be converted into the right to receive $14.25 in cash for each share.", "offset": 2604 } }, "terminationFee": { "present": true, "amountUsd": 1550000, "excerpt": { "text": "…hibited from affirmatively soliciting acquisition proposals after execution of the Merger Agreement; and (2) the Company would be obligated to pay to Hometown Financial a termination fee of $1,550,000 if the Merger Agreement is terminated under certain circumstances, which may discourage other parties potentially interested in a business combination with Colonial from pursuing such a transaction;", "offset": 106186 } }, "dealValueUsd": { "present": true, "amountUsd": 43800000, "excerpt": { "text": "Piper Sandler calculated an aggregate implied transaction value of approximately $43.8 million.", "offset": 123314 } }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "In the event of a dispute with respect to ownership of stock represented by any Certificate, Parent and the Paying Agent shall be entitled to deposit any Merger Consideration represented thereby in escrow with an independent third party and thereafter be relieved with respect to any claims thereto.", "offset": 234646 } }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "The Merger is not conditioned on any financing arrangements.", "offset": 151248 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "The respective obligations of each party to effect the Merger shall be subject to the satisfaction of the following conditions: (a) Shareholder Approval .", "offset": 407587 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "You can find the details of the conditions to the Merger in Article VI of the Merger Agreement and the definition of “Material Adverse Effect” located in Annex A.", "offset": 162111 } } } }, "size": { "dealValueUsd": 43800000, "impliedEquityValueUsd": null, "sharesOutstanding": 6548575, "annualRevenueUsd": null, "revenueFiscalYear": null, "basis": "deal-value", "screenedValueUsd": 43800000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.5388127853881275, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-25-181885", "cik": "0001413898", "target": "DallasNews Corp", "form": "DEFM14A", "fileDate": "2025-08-15", "url": "https://www.sec.gov/Archives/edgar/data/1413898/000119312525181885/d24897ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 15, "exchangeRatio": null, "excerpt": { "text": "… with the Series A Common Stock, the \"Common Stock\") that is outstanding immediately prior to the effective time of the Merger (other than certain shares as set forth in the Merger Agreement) will automatically be cancelled and extinguished and automatically converted into the right to receive $15.00 in cash (the \"Merger Consideration\"), without interest and less any applicable withholding taxes.", "offset": 2326 } }, "terminationFee": { "present": true, "amountUsd": 3000000, "excerpt": { "text": "… termination fee of $3.0 million under certain circumstances, and the potential impact of such termination fee on the willingness of other potential acquirers to propose alternative acquisition transactions, although the Board believed the termination fee was reasonable and customary and would not preclude a potential acquirer from submitting a proposal to acquire the Company following the annou…", "offset": 210766 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "The transactions contemplated by the Merger Agreement are not subject to the requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the rules promulgated thereunder by the Federal Trade Commission or other foreign laws and regulations covering similar matters.", "offset": 46988 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing of the Merger (page 59) The obligation of Parent and Merger Sub to consummate the Merger is not subject to any financing condition.", "offset": 47360 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "In addition, under the Merger Agreement, the receipt of the Company Shareholder Approval is a condition to the completion of the Merger.", "offset": 30518 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…ied with by it under the Merger Agreement; • the delivery of an officer’s certificate by each party that the conditions described above with respect to accuracy of representations and warranties and performance of covenants and obligations have been satisfied; • no Company Material Adverse Effect (as defined below) having occurred since the date of the Original Merger Agreement and be continuing;", "offset": 50100 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 328088055, "sharesOutstanding": 21872537, "annualRevenueUsd": 202287000, "revenueFiscalYear": 2018, "basis": "implied-equity-value", "screenedValueUsd": 328088055 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 0.9143886692247909, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-25-194129", "cik": "0001876588", "target": "ZimVie Inc.", "form": "DEFM14A", "fileDate": "2025-09-02", "url": "https://www.sec.gov/Archives/edgar/data/1876588/000119312525194129/d910209ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 19, "exchangeRatio": null, "excerpt": { "text": "…20, 2025, the Company entered into the merger agreement with Parent and MergerCo, providing for, subject to the satisfaction or waiver (to the extent permitted by applicable law) of specified conditions, the 2 Table of Contents acquisition of the Company by Parent at a price of $19.00 in cash, without interest, per share of Company common stock issued and outstanding (the \"merger consideration\").", "offset": 30203 } }, "terminationFee": { "present": true, "amountUsd": 10125785, "excerpt": { "text": "Change in Board Recommendation \")) in connection with entering into a Company acquisition agreement with an excluded party, the Company would have been obligated to pay to Parent a termination fee equal to $10,125,785.", "offset": 39637 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": true, "windowDays": 40, "excerpt": { "text": "This draft of the merger agreement provided for, among other things, a go-shop period of 40 days (with an extension period for certain \"excluded parties\" of up to 15 days);", "offset": 167528 } }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Regulatory Approvals in Connection with the Merger (page 76 ) The consummation of the merger is subject to the requirements of and review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the rules and regulations promulgated thereunder (the \"HSR Act\") and the rules promulgated by the Federal Trade Commission (\"FTC\").", "offset": 50855 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing of the Merger (page 62 ) The consummation of the merger and the other transactions contemplated by the merger agreement is not conditioned on Parent's receipt of any financing.", "offset": 40322 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "… conditions, prior to receipt of the Company stockholder approval, to (x) effect an adverse recommendation change or (y) to terminate, under certain circumstances, the merger agreement in order to enter into a definitive agreement providing for the consummation of a superior proposal, provided that the Company complies with its obligations relating to superior proposals under the merger agreemen…", "offset": 196000 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…s the obligations required to be complied with or performed by it at or prior to the effective time under the merger agreement; and • the absence of any Material Adverse Effect (as defined in the section of this proxy statement entitled \" The Merger Agreement-Representations and Warranties \") that has occurred and is continuing with respect to the Company and its subsidiaries since July 20, 2025.", "offset": 60659 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 535817879, "sharesOutstanding": 28200941, "annualRevenueUsd": 449749000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 535817879 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 1.8897810985512113, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-25-198418", "cik": "0001593222", "target": "City Office REIT, Inc.", "form": "DEFM14A", "fileDate": "2025-09-08", "url": "https://www.sec.gov/Archives/edgar/data/1593222/000119312525198418/d78875ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 7, "exchangeRatio": null, "excerpt": { "text": "…ed, each issued and outstanding share of common stock of the Company, par value $0.01 per share (the \"Common Stock\"), other than certain excluded shares owned, directly or indirectly, by Parent, Merger Sub or any subsidiary of the Company, will be converted automatically into the right to receive $7.00 per share in cash, without interest, and subject to deduction for any required withholding tax.", "offset": 2417 } }, "terminationFee": { "present": true, "amountUsd": 16000000, "excerpt": { "text": "Termination Fees (page 91 ) Company Termination Fee We have agreed to pay Parent a termination fee of $16 million (the \"Company Termination Fee\"), if: • we terminate the Merger Agreement pursuant to the provision described in the second bullet in the section entitled \"The Merger Agreement-Termination of the Merger Agreement-Termination by the Company\";", "offset": 49140 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "Following this discussion, the Board 34 Table of Contents determined to amend the engagements with Raymond James and JLL Securities to, among other things, allocate a management fee holdback and reflect a sale or alternative transaction as then-contemplated, and approved the Company entering into such amended engagements with each of the Financial Advisors.", "offset": 137510 } }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Conditions to the Merger (page 88 ) Completion of the Merger depends upon the satisfaction or, to the extent permitted by law, waiver of a number of conditions, including, among others, that: • the required Company Stockholder Approval has been obtained;", "offset": 39636 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…ions required to be performed by us and them under the Merger Agreement at or prior to the closing; • from the date of the Merger Agreement through the closing date, there must not have occurred any event, change, circumstance, occurrence, effect or state of facts that, individually or in the aggregate, has had or would reasonably be expected to have a Material Adverse Effect (as defined herein);", "offset": 40450 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 282545480, "sharesOutstanding": 40363640, "annualRevenueUsd": 171126000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 282545480 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 5.6628051526430365, "terminationFeePctBasis": "implied" }, { "adsh": "0001641172-25-026774", "cik": "0001618835", "target": "Evofem Biosciences, Inc.", "form": "DEFM14A", "fileDate": "2025-09-08", "url": "https://www.sec.gov/Archives/edgar/data/1618835/000164117225026774/formdefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": null, "excerpt": { "text": "…ghts to receive, on a pro rata basis, an aggregate amount (the \"Common Merger Consideration\") equal to $1,800,000 less an amount equal to the product of (x) the number of Dissenting Shares represented by Company common stock and (y) the product of 1,800,000 divided by the number of shares of common stock issued and outstanding immediately prior to the Effective Time (the \"Common Exchange Ratio\").", "offset": 8698 } }, "terminationFee": { "present": true, "amountUsd": null, "excerpt": null }, "dealValueUsd": { "present": true, "amountUsd": 100000000, "excerpt": { "text": "Including the aforementioned factors, along with a quote of our enterprise value of approximately $100 million, based on a multiplier of our estimated gross revenue before we acquired SOLOSEC, we believe the value of Evofem is consistent with the total consideration in the Merger agreement.", "offset": 367163 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "These conditions include, among other customary conditions: (i) the Company Shareholder approval shall having been obtained in accordance with applicable Law;", "offset": 151619 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Company Material Adverse Effect 4.1(a) Company Permits 4.9 Company Plans 4.10(a) Company SEC Documents 4.5(a) Company Shareholders Meeting 4.4 Delaware Department 2.2(b) Designated Agent Recitals Designation 5.3(a) DGCL Recitals Dissenting Shares 3.2(j) Effective Time 2.2(b) End Date 8.1(b)(ii) Exchange Agent 3.2(a) Exchange Fund 3.2(a) Exchange Ratios 3.1(b)(ii) Exchanged Parent Preferred Stoc…", "offset": 1079651 } } } }, "size": { "dealValueUsd": 100000000, "impliedEquityValueUsd": null, "sharesOutstanding": 132530081, "annualRevenueUsd": 20183000, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 100000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": null, "terminationFeePctBasis": null }, { "adsh": "0001140361-25-034582", "cik": "0001550695", "target": "Performant Healthcare Inc", "form": "DEFM14A", "fileDate": "2025-09-10", "url": "https://www.sec.gov/Archives/edgar/data/1550695/000114036125034582/ny20053735x2_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 7.75, "exchangeRatio": null, "excerpt": { "text": "If the Merger is consummated, you will be entitled to receive $7.75 in cash, without interest, for each Company Share that you own (unless you have properly exercised appraisal rights, including by not voting in favor of the Merger Proposal).", "offset": 4475 } }, "terminationFee": { "present": true, "amountUsd": 19980000, "excerpt": { "text": "Under specified circumstances, we may be required to pay Continental a termination fee of $19,980,000 upon the termination of the Merger Agreement as described under \" The Merger Agreement-Company Termination Fee \" beginning on page 80 of this proxy statement.", "offset": 43866 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…ion of the Merger Agreement by the holders of a majority of the voting power of the outstanding Company Shares entitled to vote thereon as of the Record Date, (ii) the expiration or termination of the required waiting period applicable to the consummation of the Merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the \" HSR Act \"), and (iii) certain other conditions.", "offset": 41975 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "The Merger is not conditioned upon receipt of financing by Continental;", "offset": 75830 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…by submitting a signed proxy card, granting a proxy electronically over the Internet or by telephone or to vote virtually at the Special Meeting will have the same effect as a vote \" AGAINST \" the Merger Proposal. 2 TABLE OF CONTENTS What factors did the Board consider in deciding to enter into the Merger Agreement and recommending the adoption of the Merger Agreement by the Company Stockholders?", "offset": 26603 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…tion indicated by the words \" Company Material Adverse Effect,\" \"in all material respects,\" \"in any material respect,\" \"material,\" or \"materially\") as of the date of the Merger Agreement and on the Closing Date as if made on such date (except those representations and warranties that address matters only as of a particular date, which shall be so true and correct in all respects as of that date);", "offset": 91948 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 612226936, "sharesOutstanding": 78997024, "annualRevenueUsd": 122981000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 612226936 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.263495744003005, "terminationFeePctBasis": "implied" }, { "adsh": "0001213900-25-089045", "cik": "0001448597", "target": "AUGUSTA GOLD CORP.", "form": "DEFM14A", "fileDate": "2025-09-18", "url": "https://www.sec.gov/Archives/edgar/data/1448597/000121390025089045/ea0257128-defm14a_augusta.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 1.7, "exchangeRatio": null, "excerpt": { "text": "…, Merger Sub or any of their respective subsidiaries (which shares will be canceled) and shares with respect to which appraisal rights are properly exercised and not withdrawn under the NRS), will automatically be converted into the right to receive C$1.70 in cash, without interest (the \"Merger Consideration\"), subject to any applicable withholding taxes required by applicable legal requirements.", "offset": 3861 } }, "terminationFee": { "present": true, "amountUsd": null, "excerpt": null }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Assuming compliance with the applicable provisions of the Exchange Act, the NRS, the HSR Act, if applicable, any other applicable Antitrust Laws, Canadian Securities Laws, and the rules and regulations of the Exchange, the execution and delivery of this Agreement by the Company and the consummation by the Company of the Transactions (including the treatment of Company Options and Company Warrants…", "offset": 565497 } }, "cfius": { "present": true, "excerpt": { "text": "…gal proceedings, authority to enter into the Merger Agreement and consummate the Transactions, related-party transactions, approval of the Merger, non-contravention with constating documents, laws or material contracts, obtaining a fairness opinion, no broker fees, no application of anti-takeover laws, lack of collateral benefits, CFIUS matters and the treatment of the Augusta Gold 2023 Warrants.", "offset": 345541 } }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing (see page 43) There is no financing condition to the consummation of the Merger.", "offset": 92852 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…e Company to consummate the Merger are subject to the satisfaction (or waiver, if permissible pursuant to applicable Legal Requirements, by each such party) at or prior to the Effective Time of each of certain conditions, including: ● the receipt of the requisite Stockholder approval of the Merger Proposal, as further described in the section entitled \" The Special Meeting \" beginning on page 53;", "offset": 68707 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "\" Material Adverse Effect \" has the meaning set out under the heading \" The Merger Agreement-Representations and Warranties \".", "offset": 43399 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 146080580.1, "sharesOutstanding": 85929753, "annualRevenueUsd": null, "revenueFiscalYear": null, "basis": "implied-equity-value", "screenedValueUsd": 146080580.1 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": null, "terminationFeePctBasis": null }, { "adsh": "0001193125-25-217480", "cik": "0000794619", "target": "AMERICAN WOODMARK CORP", "form": "DEFM14A", "fileDate": "2025-09-25", "url": "https://www.sec.gov/Archives/edgar/data/794619/000119312525217480/d77274ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 5.15, "excerpt": { "text": "A: If the merger is completed, each share of American Woodmark common stock issued and outstanding immediately prior to the effective time will be automatically canceled and cease to exist and will be converted into the right to receive 5.150 validly issued, fully paid and non-assessable shares of MasterBrand common stock, which ratio is referred to as the exchange ratio, and which amount of Mast…", "offset": 81158 } }, "terminationFee": { "present": true, "amountUsd": 25000000, "excerpt": { "text": "If the merger agreement is terminated under specified circumstances, American Woodmark may be required to pay MasterBrand a termination fee of $25 million.", "offset": 97207 } }, "dealValueUsd": { "present": true, "amountUsd": 400000000, "excerpt": { "text": "…ately 63%; and • the premium implied by the transaction consideration to the last closing and six-month average stock price of the target common stock prior to announcement of the transaction in acquisition transactions announced since 2020 involving a U.S. listed target with an equity value of $400 million or more and target stockholder pro forma ownership in the combined company of 30% or more.", "offset": 490138 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…e registration statement of which this joint proxy statement/prospectus forms a part and the absence of a stop order or pending action seeking a stop order by the SEC; • expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, which is referred to as the HSR Act, applicable to the transactions contemplated by the merger agreement;", "offset": 93429 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "MasterBrand or American Woodmark may waive one or more of the conditions to the completion of the merger without re-soliciting stockholder approval.", "offset": 189875 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "Directors' and Officers' Insurance 148 Litigation 149 Other Covenants and Agreements 149 Conditions to the Completion of the Merger 150 Termination of the Merger Agreement 152 Termination Fees 154 Representations and Warranties 156 Material Adverse Effect 158 Amendment 159 Waiver 159 Third-Party Beneficiaries 160 Specific Performance 160 Applicable Law 160 Expenses 160 UNAUDITED PRO FORMA CONDENS…", "offset": 33185 } } } }, "size": { "dealValueUsd": 400000000, "impliedEquityValueUsd": null, "sharesOutstanding": 14569595, "annualRevenueUsd": 1709585000, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 400000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 6.25, "terminationFeePctBasis": "stated" }, { "adsh": "0001140361-25-036338", "cik": "0000320340", "target": "CoreCard Corp", "form": "DEFM14A", "fileDate": "2025-09-26", "url": "https://www.sec.gov/Archives/edgar/data/320340/000114036125036338/ny20054061x1_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.3142, "excerpt": { "text": "A: If the Euronet Stock Price were equal to the closing price of Euronet Common Stock on Nasdaq on September 25, 2025, the last trading day before the date of this proxy statement/prospectus, each share of CoreCard Common Stock would be converted into 0.3142 shares of Euronet Common Stock.", "offset": 39630 } }, "terminationFee": { "present": true, "amountUsd": 7500000, "excerpt": { "text": "Instead, CoreCard will remain an independent public company, and CoreCard Common Stock will continue to be listed and traded on the NYSE and registered under the Exchange Act. 5 TABLE OF CONTENTS The Merger Agreement provides that CoreCard must pay Euronet a termination fee equal to $7.5 million if the Merger Agreement is terminated in certain circumstances, including (i) in the following circums…", "offset": 47227 } }, "dealValueUsd": { "present": true, "amountUsd": 215000000, "excerpt": { "text": "The letter also stated that the CoreCard Board had indicated that no offer below an enterprise value of $215 million, or a 33% premium over the last 30-day average of the CoreCard Common Stock closing stock price, whichever is higher, was likely to be seriously considered.", "offset": 215665 } }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "…r obligations (including \"earnout\" or other contingent payment obligations) that would reasonably be expected to result in the receipt or making by the Company or any Company Subsidiary of future payments in excess of $250,000, in each case, excluding any (x) post-closing retention payments or equity awards, and (y) amounts retained pursuant to customary indemnity escrow or holdback arrangements;", "offset": 664722 } }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…on order (whether temporary, preliminary or permanent) by any governmental entity that has the effect of restraining, enjoining or otherwise prohibiting the consummation of the Merger and (iii) the expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the \" HSR Act \"), and the rules and regulations promulgated thereunder.", "offset": 44591 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "The completion of the Merger is not subject to the approval of Euronet Stockholders or the receipt of financing by Euronet.", "offset": 46065 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…lated thereby, including the Merger, are in the best interests of CoreCard and its stockholders, (c) resolved to recommend adoption of the Merger Agreement by the stockholders entitled to vote thereon and (d) directed that the Merger Agreement be submitted to stockholders of CoreCard for adoption at a meeting of stockholders of CoreCard to be held to consider the adoption of the Merger Agreement.", "offset": 10208 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect\" 80 Definition of \"Euronet Material Adverse Effect\" 81 Conduct of the Business by CoreCard Pending the Merger 82 Conduct of the Business of Euronet Pending the Merger 85 Proxy Statement/Prospectus, Board Recommendation and CoreCard Stockholders' Meeting 85 Non-Solicitation Covenant 86 Changes in Board Recommendation 87 Agreements to Use Reasonable Best Efforts 89 Employe…", "offset": 22447 } } } }, "size": { "dealValueUsd": 215000000, "impliedEquityValueUsd": null, "sharesOutstanding": 7792382, "annualRevenueUsd": 9302000, "revenueFiscalYear": 2017, "basis": "deal-value", "screenedValueUsd": 215000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.488372093023256, "terminationFeePctBasis": "stated" }, { "adsh": "0001104659-25-099055", "cik": "0001417892", "target": "Emeren Group Ltd", "form": "DEFM14A", "fileDate": "2025-10-14", "url": "https://www.sec.gov/Archives/edgar/data/1417892/000110465925099055/tm2524948d9_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 0.2, "exchangeRatio": null, "excerpt": { "text": "…e settled in cash or property other than shares) to the terms and conditions under the Company Share Plan and the award agreement with respect to such Vested Company Option; and ● each (a) Vested Company Restricted Share Unit Award will be cancelled in exchange for the right to receive, from the Surviving Company as soon as practicable after the Effective Time (without interest), US$0.20 in cash;", "offset": 41858 } }, "terminationFee": { "present": true, "amountUsd": 4500000, "excerpt": { "text": "…efined in the section entitled \" The Merger Agreement-Restrictions on Changes of Recommendation to Company Shareholders \") or of the Company to terminate the Merger Agreement to enter into a Superior Proposal, in each case, subject to payment by the Company to Parent of a Company Termination Fee of US$4,500,000 (as more fully described under \" The Merger Agreement-Termination-Termination Fees \").", "offset": 160233 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": true, "windowDays": null, "excerpt": { "text": "The Special Committee asked various questions regarding potential benefits, limitations, disadvantages of the use of pre-signing \"market checks\" and \"go-shop\" arrangements in a \"going private\" transaction.", "offset": 106295 } }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "The fact that the Merger and the other Transactions contemplated by the Merger Agreement are not subject to a financing condition, and that if Parent, Merger Sub or the other Buyer Group Parties do not consummate the Merger in breach of the Merger Agreement, the Company would be entitled to an injunction or injunctions, specific performance or other equitable relief to prevent breaches of the Mer…", "offset": 160487 } }, "majorityOfMinority": { "present": true, "excerpt": { "text": "…s, including a \"majority-of-minority\" vote condition (i.e., the requirement that the Transaction be approved by a majority of the votes cast by unaffiliated shareholders in addition to the approval of all outstanding shares), an expanded definition of \"Superior Proposal\" to facilitate potential competing bids, and other terms designed to protect the interests of the unaffiliated security holders.", "offset": 109565 } }, "shareholderApproval": { "present": true, "excerpt": { "text": "…ons may not be completed in a timely manner or at all; · the ability of affiliates of the Buyer Group Parties to honor the financing commitments set forth in the Equity Commitment Letter received in connection with the proposed Transactions; · the failure to satisfy any of the conditions to the consummation of the proposed Transactions, including the receipt of shareholder approval;", "offset": 380850 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…ertain conditions, including (i) the adoption and approval of the Merger Agreement by the Company's shareholders, (ii) certain other approvals and clearances by government authorities, and (iii) other customary conditions, such as the absence of any legal restraint prohibiting the consummation of the Transactions and the absence of any Material Adverse Effect (as defined in the Merger Agreement).", "offset": 310282 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 102643244.4, "sharesOutstanding": 513216222, "annualRevenueUsd": 92067000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 102643244.4 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.384117071030541, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-25-242494", "cik": "0002040807", "target": "Metsera, Inc.", "form": "DEFM14A", "fileDate": "2025-10-17", "url": "https://www.sec.gov/Archives/edgar/data/2040807/000119312525242494/d53787ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 47.5, "exchangeRatio": null, "excerpt": { "text": "… converted into the right to receive (i) $47.50 in cash without interest and less any applicable withholding taxes (which we refer to as the \"Closing Amount\"), and (ii) one contractual contingent value right (which we refer to as a \"CVR\"), which shall represent the right to receive contingent payments in cash, without interest and less any applicable withholding taxes, upon the achievement of ce…", "offset": 3465 } }, "terminationFee": { "present": true, "amountUsd": 190000000, "excerpt": { "text": "…f the written request of Parent following the date any Company Takeover Proposal is first made public, or (b) by Metsera following the Board's authorization for Metsera to enter into a definitive agreement to consummate an alternative transaction contemplated by a Superior Company Proposal will result in the payment by Metsera of a termination fee (the \" Company Termination Fee\") of $190 million.", "offset": 49370 } }, "dealValueUsd": { "present": true, "amountUsd": 151000000, "excerpt": { "text": "…ary 1, 2024 through December 31, 2024, we issued an aggregate of 50,333,329 shares of Series A preferred stock (convertible into 21,420,960 shares of common stock, as adjusted for the reverse stock split effected in January 2025) for aggregate consideration of $151.0 million to accredited investors pursuant to Section 4(a)(2) of the Securities Act as a transaction not involving a public offering.", "offset": 1501396 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Regulatory Clearances Under the Merger Agreement, the Merger cannot be consummated until the waiting period applicable to the Merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder (which we refer to as the \"HSR Act\"), have expired or been terminated.", "offset": 38650 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing of the Merger (page 75) There is no financing condition to the Merger.", "offset": 41583 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Prior to the adoption of the Merger Agreement by Metsera stockholders, under certain circumstances, the Board may withdraw, qualify or modify the foregoing recommendation in response to an Intervening Event (as defined in the section of this proxy statement entitled \" The Merger Agreement-Restrictions on Solicitation of Company Takeover Proposals;", "offset": 46856 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Company Material Adverse Effect for regulatory matters, (e) included a termination fee of 3.9% of Metsera's \"fully diluted equity value to be paid\" by Metsera in customary circumstances, including if Metsera changes its recommendation to be adverse to a transaction with Party 2 and (f) included an exclusivity period of over a month (such matters described in clauses (a) to (f), the \"August 11 P…", "offset": 147519 } } } }, "size": { "dealValueUsd": 151000000, "impliedEquityValueUsd": 5005368977.5, "sharesOutstanding": 105376189, "annualRevenueUsd": null, "revenueFiscalYear": null, "basis": "deal-value", "screenedValueUsd": 151000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": null, "terminationFeePctBasis": null }, { "adsh": "0001140361-25-039484", "cik": "0000800240", "target": "ODP Corp", "form": "DEFM14A", "fileDate": "2025-10-27", "url": "https://www.sec.gov/Archives/edgar/data/800240/000114036125039484/ny20056444x2_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 28, "exchangeRatio": null, "excerpt": { "text": "If the merger is completed, ODP stockholders will have the right to receive $28.00 in cash, without interest and subject to any applicable withholding taxes, for each share of common stock, par value $0.01 per share, of ODP (\"ODP common stock\"), other than cancelled shares and dissenting shares (each as defined in the accompanying proxy statement), that they own immediately prior to the effective…", "offset": 2263 } }, "terminationFee": { "present": true, "amountUsd": 36560000, "excerpt": { "text": "ODP may be required to pay Parent a termination fee of $36,560,000 if the merger agreement is terminated under certain specified circumstances pursuant to the terms and conditions of the merger agreement.", "offset": 100040 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…, among other things, (a) the expiration or early termination of the waiting period (and any extension thereof) applicable to the consummation of the merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the \"HSR Act\") and (b) the expiration or termination of any voluntary agreement with a governmental entity entered into by ODP, Parent or Merger Sub not to consummate the merger.", "offset": 56133 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing of the Merger (see page 65 ) The obligation of Parent and Merger Sub to consummate the merger is not subject to any financing condition.", "offset": 54471 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "The respective obligations of each Party to effect the Merger shall be subject to the satisfaction (or written waiver by the Company and Parent (to the extent permitted by applicable Law)) at or prior to the Effective Time of the following conditions: (a) Stockholder Approval .", "offset": 747314 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect A-52 Material Contract A-14 A-iv TABLE OF CONTENTS Material Customer A-53 Material Real Property A-53 Material Supplier A-53 Merger A-1 Merger Sub A-1 Multiemployer Plan A-16 New Plans A-39 Notice Period A-30 OFAC A-11 Old Plans A-39 Option A-3 Owned Real Property A-18 Pandemic Measures A-53 Parent A-1 Parent Disclosure Letter A-21 Parent Expenses A-53 Parent Group A-53 …", "offset": 488128 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 843299968, "sharesOutstanding": 30117856, "annualRevenueUsd": 6990000000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 843299968 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.3353493877993365, "terminationFeePctBasis": "implied" }, { "adsh": "0001140361-25-040538", "cik": "0001683695", "target": "International Money Express, Inc.", "form": "DEFM14A", "fileDate": "2025-11-05", "url": "https://www.sec.gov/Archives/edgar/data/1683695/000114036125040538/ny20053648x2_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 16, "exchangeRatio": null, "excerpt": { "text": "If you are an Intermex stockholder and the Merger is completed, each of your shares of Intermex common stock, par value $0.0001 per share (which we refer to as our \"common stock\"), will be converted into the right to receive $16.00 in cash (which we refer to as the \"Merger Consideration\"), without interest and less any applicable withholding of taxes (unless you have properly demanded, and not su…", "offset": 4021 } }, "terminationFee": { "present": true, "amountUsd": 27300000, "excerpt": { "text": "In the event that the Merger Agreement is terminated by Western Union or Intermex due to a Restraint relating to any antitrust law being in effect, Western Union will be required to pay Intermex a termination fee equal to $27,300,000.", "offset": 38183 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…ffect prohibiting or preventing the Merger; • the waiting period (and any extension thereof) applicable to the consummation of the Merger under the Hart-Scott-Rodino Antitrust Improvements Act (\"HSR Act\") has expired or early termination thereof has been granted (as more fully described in the section of this proxy statement captioned \" The Merger - Regulatory Approval Required for the Merger \").", "offset": 33217 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "For more information, please see the section of this proxy statement captioned \" The Merger - Interests of Intermex's Directors and Executive Officers in the Merger .\" Financing of the Merger (see page 74 ) The Merger is not conditioned on any financing arrangements or contingencies.", "offset": 31821 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": false, "excerpt": null }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "For more information, please see the section of this proxy statement captioned \" The Company Stockholders' Meeting \"; • since the date of the Merger Agreement, there not having occurred any Company Material Adverse Effect (which we define in the section of this proxy statement captioned \" The Merger Agreement - Representations and Warranties \");", "offset": 34540 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 481511872, "sharesOutstanding": 30094492, "annualRevenueUsd": 319601000, "revenueFiscalYear": 2019, "basis": "implied-equity-value", "screenedValueUsd": 481511872 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 5.669642139166197, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-25-268812", "cik": "0001435508", "target": "First Savings Financial Group, Inc.", "form": "DEFM14A", "fileDate": "2025-11-06", "url": "https://www.sec.gov/Archives/edgar/data/1435508/000119312525268812/d93643ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.85, "excerpt": { "text": "…the Nasdaq Global Select Market under the symbol \"FRME.\" On September 24, 2025, the last business day prior to the public announcement of the Merger Agreement, the closing price of a share of First Merchants common stock was $39.53, which, after giving effect to the Exchange Ratio of 0.85, results in an implied value of approximately $33.60 per share of First Savings common stock as of such date.", "offset": 2714 } }, "terminationFee": { "present": true, "amountUsd": 10000000, "excerpt": { "text": "First Savings has agreed to pay First Merchants a termination fee of $10,000,000 if: • First Savings' Board of Directors terminates the Merger Agreement in the exercise of its fiduciary duties after receipt of an unsolicited superior acquisition proposal from a third party;", "offset": 63607 } }, "dealValueUsd": { "present": true, "amountUsd": 245400000, "excerpt": { "text": "Piper Sandler calculated an aggregate implied transaction value of approximately $245.4 million and an implied purchase price per share of $34.26 consisting of the implied value of 6,976,558 shares of First Savings common stock and 431,155 stock options with a weighted average exercise price of $19.48 and based on the closing price of First Merchants common stock on September 19, 2025.", "offset": 191879 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Those conditions include: First Savings shareholder approval, regulatory approvals, the continued accuracy of certain representations and warranties by both parties, and the performance by both parties of certain covenants and agreements.", "offset": 103663 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…Merger, except that representations and warranties that are qualified by materiality or a Material Adverse Effect (as defined below in \"THE MERGER AGREEMENT-Conditions to Completion of the Merger\") must be true and correct in all respects, and provided that for those representations and warranties which address matters only as of an earlier date, then they shall be tested as of such earlier date;", "offset": 55232 } } } }, "size": { "dealValueUsd": 245400000, "impliedEquityValueUsd": null, "sharesOutstanding": 7015080, "annualRevenueUsd": 5829000, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 245400000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.074979625101874, "terminationFeePctBasis": "stated" }, { "adsh": "0001104659-25-115451", "cik": "0001327318", "target": "TrueCar, Inc.", "form": "DEFM14A", "fileDate": "2025-11-24", "url": "https://www.sec.gov/Archives/edgar/data/1327318/000110465925115451/tm2528639-6_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 2.55, "exchangeRatio": null, "excerpt": { "text": "…nce with Section 262 of the Delaware General Corporation Law (the \" DGCL \") and (iii) shares of Company Stock held by the Company as treasury stock or owned by any subsidiary of the Company or Parent or any subsidiary of Parent, excluding any Rollover Shares, if any), will be canceled and converted into the right to receive $2.55 per share in cash, without interest (the \" Merger Consideration \").", "offset": 3257 } }, "terminationFee": { "present": true, "amountUsd": 8000000, "excerpt": { "text": "Limitations on Liability (See page 107 ) Termination Fee TrueCar will be required to pay Parent a termination fee (as applicable, the \" Termination Fee \") in the amount of $8,000,000 if: • Parent terminates the Merger Agreement following the occurrence of a Fundamental Termination Event;", "offset": 90131 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "The offer also provided for a $15 million Parent Termination Fee to be placed in an escrow account at an external bank.", "offset": 235322 } }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": true, "windowDays": null, "excerpt": { "text": "In light of Fair's ongoing requests for exclusivity, the Board also discussed the advantages and disadvantages of including a \"go-shop\" provision in any definitive merger agreement that would allow the Company to actively solicit competing acquisition proposals for a period of time after entering into a definitive merger agreement.", "offset": 207826 } }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…rity that restrains, enjoins, renders illegal or otherwise prohibits the consummation of the Merger or the Transactions (as defined below) that is still in effect; ​ • if applicable, the waiting period (including any extensions thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the \" HSR Act \") relating to the Merger and the Transactions must have expired or been terminated;", "offset": 45330 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…Adverse Recommendation Change. ​ Conditions to the Closing of the Merger (See page 104 ) Conditions to Each Party's Obligations to Effect the Merger Each party's obligations to effect the Merger are subject to the satisfaction or waiver (where permissible pursuant to applicable law) of the following conditions at or prior to the Closing: • the Company Stockholder Approval must have been obtained;", "offset": 76167 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect qualifications contained therein) must have been true and correct as of the date of the Merger Agreement and must be true and correct as of the Effective Time as if made at and as of such time (other than representations and warranties that by their terms address matters only as of another specified time, which only need to be so true as of such time), with only such exc…", "offset": 80122 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 226797127.49999997, "sharesOutstanding": 88940050, "annualRevenueUsd": 175598000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 226797127.49999997 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.527381536170471, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-25-303004", "cik": "0000852772", "target": "DENNY'S Corp", "form": "DEFM14A", "fileDate": "2025-12-01", "url": "https://www.sec.gov/Archives/edgar/data/852772/000119312525303004/d74771ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 6.25, "exchangeRatio": null, "excerpt": { "text": "If the Merger is completed, you will be entitled to receive $6.25 in cash, without interest and less any applicable withholding tax, for each share of the Company's common stock, par value $0.01 per share (\"Common Stock\"), you own (unless you have properly demanded appraisal for your shares in accordance with, and have complied in all respects with, Section 262 of the General Corporation Law of t…", "offset": 3315 } }, "terminationFee": { "present": true, "amountUsd": 10320000, "excerpt": { "text": "… pay to Parent (or its designee) a termination fee in the amount of $10,320,000 in certain circumstances specified in the Merger Agreement, which the Board understood, while potentially having the effect of discouraging third parties from proposing a competing business combination transaction, were conditions to Parent's willingness to enter into the Merger Agreement and were reasonable in light…", "offset": 185326 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "(v) any obligations of such Person in respect of the deferred purchase price, contingent purchase price, deferred purchase price adjustments or similar contingent or deferred payment obligations (including seller notes, earn-outs, holdback amounts, escrows and direct financing leases and other unpaid purchase price and similar obligations);", "offset": 803779 } }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Regulatory Approvals Required for the Merger (see page 72) Under the terms of the Merger Agreement, Parent must notify the Company in writing by November 26, 2025, of its determination of whether any filings are required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the \"HSR Act\").", "offset": 54461 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing the Merger (see page 61) The Merger is not subject to any financing condition.", "offset": 46818 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Abstentions and Broker Non-Votes The affirmative vote of the holders of a majority of the shares of Common Stock outstanding as of the Record Date and entitled to vote on the matter is required to approve the Merger Proposal. Adoption of the Merger Agreement by our stockholders is a condition to the closing of the Merger.", "offset": 86323 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…; • the performance in all material respects by each party of its covenants and agreements required to be performed under the Merger Agreement on or before the Closing Date; and 10 Table of Contents • since the date of the Merger Agreement, the absence of a \"Denny's Material Adverse Effect\" (as defined in \" The Merger Agreement-Representations and Warranties \" on page 80 of this proxy statement).", "offset": 61629 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 321868712.5, "sharesOutstanding": 51498994, "annualRevenueUsd": 452334000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 321868712.5 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.2062762235705033, "terminationFeePctBasis": "implied" }, { "adsh": "0001140361-25-044187", "cik": "0001031623", "target": "GULF ISLAND FABRICATION INC", "form": "DEFM14A", "fileDate": "2025-12-03", "url": "https://www.sec.gov/Archives/edgar/data/1031623/000114036125044187/ny20056788x6_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 12, "exchangeRatio": null, "excerpt": { "text": "If the Merger is completed, each share of the Company's common stock, no par value per share (\" GIFI Common Stock \"), issued and outstanding immediately prior to the effective time of the Merger, other than certain excluded shares, will be converted into the right to receive $12.00 in cash, without interest, and subject to deduction for any required tax withholding (the \" Merger Consideration \").", "offset": 2634 } }, "terminationFee": { "present": true, "amountUsd": null, "excerpt": null }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…eceipt of Company Shareholder Approval; • the absence of injunctions or legal restraints that have the effect of preventing the completion of the Merger; and • the expiration or termination of all waiting periods (and any extensions thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (\" HSR Act \") applicable to the transactions contemplated by the Merger Agreement.", "offset": 37250 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "No Financing Condition (Page 29 ) The obligation of IES and Merger Sub to complete the Merger is not subject to the ability of IES to obtain financing.", "offset": 39617 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "… the Effective Time will be amended and restated to be in the form of Exhibits B and C to the Merger Agreement, respectively. 3 TABLE OF CONTENTS Conditions to the Closing of the Merger (Page 28 ) The respective obligations of each party to effect the Merger will be subject to the fulfillment of the following conditions at or prior to the Effective Time: • receipt of Company Shareholder Approval;", "offset": 36949 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…on Plans 30 No Appraisal Rights 30 Representations and Warranties 30 Material Adverse Effect 32 Conduct of Business Before Completion of the Merger 33 GIFI Special Meeting and GIFI Board Recommendation 36 No Solicitation of Other Offers by GIFI 37 Company Change of Recommendation 38 Access to Information 39 Directors' and Officers' Indemnification Insurance 39 HSR and Other Regulatory Clearances;", "offset": 20879 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 191983332, "sharesOutstanding": 15998611, "annualRevenueUsd": 159199000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 191983332 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": null, "terminationFeePctBasis": null }, { "adsh": "0001193125-25-316771", "cik": "0001301236", "target": "Sotherly Hotels Inc.", "form": "DEFM14A", "fileDate": "2025-12-12", "url": "https://www.sec.gov/Archives/edgar/data/1301236/000119312525316771/d23662ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 2.25, "exchangeRatio": null, "excerpt": { "text": "If the Merger and the other transactions contemplated by the Merger Agreement are completed, you, as a holder of shares of the Company's common stock, par value $0.01 per share (\"Company Common Shares\" or \"Company Common Stock\"), will be entitled to receive $2.25 in cash, without interest (the \"Merger Consideration\"), subject to certain adjustments as further described in the enclosed proxy state…", "offset": 2180 } }, "terminationFee": { "present": true, "amountUsd": 4000000, "excerpt": { "text": "Termination Payments (See Page 95) Company Termination Fee The Company has agreed to pay Parent or its designee the Company Termination Fee of $4.0 million (the \"Company Termination Fee\"), if: • Parent terminates the Merger Agreement pursuant to the second termination provision described in the section above entitled \"Termination by Parent\";", "offset": 62759 } }, "dealValueUsd": { "present": true, "amountUsd": 46100000, "excerpt": { "text": "Piper Sandler calculated an aggregate implied transaction value of approximately $46.1 million based upon 20,398,501 shares of Company common stock 54 Table of Contents outstanding, 92,000 unvested restricted common shares and 100 OP Units held by unaffiliated parties.", "offset": 224453 } }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "Extension and Waiver 96 ESCROW AGREEMENT 97 Purpose; Escrow Fund 97 Disbursements 97 Specific Performance 98 THE PROMISSORY NOTE 98 Effective Time;", "offset": 17476 } }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "(iii) such Consents as may be required under (A) the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the \" HSR Act \") or (B) any other Antitrust Laws that are applicable to the transactions contemplated by this Agreement;", "offset": 472085 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Conditions to the Merger (See Page 92) Completion of the Merger depends upon the satisfaction or waiver of a number of conditions, including, among others, that: • the requisite Company stockholder approval must be obtained;", "offset": 55193 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…certificates to each other, each dated as of the Closing Date, each signed by an applicable executive officer, certifying that certain specified conditions have been satisfied; • from the date of the Merger Agreement through the Closing Date, there must not have occurred a Company Material Adverse Effect (as described in the section entitled \"The Merger Agreement-Representations and Warranties\");", "offset": 56544 } } } }, "size": { "dealValueUsd": 46100000, "impliedEquityValueUsd": 225, "sharesOutstanding": 100, "annualRevenueUsd": 176387228, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 46100000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 8.676789587852495, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-25-323606", "cik": "0001515816", "target": "Plymouth Industrial REIT, Inc.", "form": "DEFM14A", "fileDate": "2025-12-18", "url": "https://www.sec.gov/Archives/edgar/data/1515816/000119312525323606/plym_defm14a_2025_final.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 22, "exchangeRatio": null, "excerpt": { "text": "If the Mergers are completed, the Company's stockholders will have the right to receive $22.00 in cash for each share of the Company's common stock, par value $0.01 per share (\"common stock\"), held immediately prior to the effective time of the Mergers, without interest, subject to any applicable withholding taxes and as may be adjusted in accordance with the Merger Agreement.", "offset": 3329 } }, "terminationFee": { "present": true, "amountUsd": 40100000, "excerpt": { "text": "Terminatio n Fees (page 113 ) Company Termination Fee We have agreed to pay Parent a termination fee of $40.1 million (or $15.0 million if we terminate the Merger Agreement pursuant the first bullet in the section entitled \" The Merger Agreement-Termination of the Merger Agreement-Termination by the Company \" prior to 11:59 p.m.", "offset": 74900 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": true, "windowDays": 30, "excerpt": { "text": "Among other terms, the draft Merger Agreement included: (i) a go-shop period of 30 days, with an extended period for any potential bidder with whom the Company was in negotiations at the conclusion of the go-shop period and for which our board of directors has determined could reasonably be expected to lead to a superior proposal, (ii) a termination fee payable to Makarora equal to 1.5% of the Co…", "offset": 167473 } }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "… not subject to a financing condition and that Parent has obtained committed debt financing from a reputable financial institution and committed equity financing from Makarora and Ares in an aggregate amount sufficient to fund the financing amounts under the Merger Agreement, subject to the fact that, if the indebtedness under the Isosceles JV loan documents needs to be repaid in connection with…", "offset": 234235 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Conditions to the Mergers (page 110 ) The respective obligations of each party to the Merger Agreement to consummate the Mergers are subject to the satisfaction (or, to the extent permitted by law, waiver by all parties to the Merger Agreement) at or prior to the closing of the Mergers of each of the following conditions: • the Company Stockholder Approval has been obtained;", "offset": 62957 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…he debt financing, which shall include customary representations and warranties for the financing of a comparable large portfolio of industrial properties, (ii) completion of due diligence investigations by Citi's counsel and (iii) that a Company Material Adverse Effect (as defined in the as defined in the section entitled \" The Merger Agreement-Representations and Warranties \") has not occurred.", "offset": 51666 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 980125608, "sharesOutstanding": 44551164, "annualRevenueUsd": 198355000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 980125608 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.091312345345843, "terminationFeePctBasis": "implied" }, { "adsh": "0001104659-25-122900", "cik": "0001412665", "target": "MidWestOne Financial Group, Inc.", "form": "DEFM14A", "fileDate": "2025-12-19", "url": "https://www.sec.gov/Archives/edgar/data/1412665/000110465925122900/tm2533807-1_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.3175, "excerpt": { "text": "The closing price of Nicolet common stock was $132.30 per share on December 15, 2025, the last practicable trading day before the date of this joint proxy statement-prospectus, which, based on the exchange ratio of 0.3175, would reflect per share merger consideration payable to holders of MidWest One common stock of approximately $42.01.", "offset": 2324 } }, "terminationFee": { "present": true, "amountUsd": 35000000, "excerpt": { "text": "…he merger agreement because MidWest One 's board of directors withdraws, qualifies, or adversely modifies its recommendation of the merger agreement, or if MidWest One terminates the merger agreement to enter into a definitive agreement for a Superior Proposal, as defined in the merger agreement, then MidWest One (or its successor) will be required to pay Nicolet a termination fee of $35,000,000.", "offset": 80155 } }, "dealValueUsd": { "present": true, "amountUsd": 858100000, "excerpt": { "text": "Piper Sandler calculated an aggregate implied transaction value of approximately $858.1 million and an implied purchase price per share of $41.08 consisting of the implied value of 20,885,235 shares of MidWest One common stock (inclusive of 252,475 accelerated restricted stock units and performance stock units) based on the closing price of Nicolet common stock on October 21, 2025.", "offset": 249338 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "The respective obligations of the parties to effect the Merger shall be subject to the satisfaction at or prior to the Effective Time of the following conditions: (a) Shareholder Approvals .", "offset": 744174 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect ​ ​ 3.1(a) ​ Materially Burdensome Regulatory Condition ​ ​ 6.1(c) ​ Meetings ​ ​ 6.3(a) ​ Merger ​ ​ Recitals ​ A-iv TABLE OF CONTENTS Term ​ ​ Section ​ Mergers ​ ​ Recitals ​ Merger Consideration ​ ​ 1.5(a) ​ MOFG ​ ​ Preamble ​ MOFG 401(k) Plan ​ ​ 6.6(c) ​ MOFG Bank ​ ​ Recitals ​ MOFG Benefit Plans ​ ​ 3.11(a) ​ MOFG Board Recommendation ​ ​ 6.3(a) ​ MOFG Bylaws ​ …", "offset": 483160 } } } }, "size": { "dealValueUsd": 858100000, "impliedEquityValueUsd": null, "sharesOutstanding": 20632760, "annualRevenueUsd": null, "revenueFiscalYear": null, "basis": "deal-value", "screenedValueUsd": 858100000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.078778697121548, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-25-325890", "cik": "0000836147", "target": "MIDDLEFIELD BANC CORP", "form": "DEFM14A", "fileDate": "2025-12-19", "url": "https://www.sec.gov/Archives/edgar/data/836147/000119312525325890/d165847ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 2.6, "excerpt": { "text": "This implied value was calculated by multiplying the closing price of Farmers common shares on those dates by the exchange ratio of 2.6.", "offset": 86579 } }, "terminationFee": { "present": true, "amountUsd": 12000000, "excerpt": { "text": "Termination Fee (page 99) The Merger Agreement provides that if the Merger Agreement is terminated under certain circumstances, described more fully under \"The Merger - Termination Fee\" beginning on page 99, Middlefield will be required to pay a termination fee of $12.0 million to Farmers.", "offset": 84314 } }, "dealValueUsd": { "present": true, "amountUsd": 299000000, "excerpt": { "text": "Based upon Farmers' closing price of $13.91 as of market close on October 20, 2025, and based upon Middlefield's 8,266,763 fully diluted shares outstanding, Janney calculated an aggregate implied transaction value of approximately $299.0 million, or a transaction price per share of $36.17.", "offset": 226025 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Factors that may cause or contribute to these differences include, without limitation, the possibility that the closing of the proposed transaction is delayed or does not occur at all because required regulatory approvals, shareholder approval or other conditions to the transaction are not obtained or satisfied on a timely basis or at all;", "offset": 419707 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect 3.8 Material Contract 3.16(a) Merger Recitals Merger Consideration 1.4(b) MEWA 3.11(f) Multiemployer Plan 3.11(f) Multiple Employer Plan 3.11(f) Nasdaq 1.4(e) Nonqualified Deferred Compensation Plan 3.11(d) Notice Period 6.7(d)(ii) OCC 3.4 ODFI 3.4 OGCL 1.1(a) Owned Intellectual Property 3.20(e)(iv) Owned Properties 4.15 Permitted Encumbrances 4.15 Person 3.16(a) Plan Te…", "offset": 432714 } } } }, "size": { "dealValueUsd": 299000000, "impliedEquityValueUsd": null, "sharesOutstanding": 8086886, "annualRevenueUsd": null, "revenueFiscalYear": null, "basis": "deal-value", "screenedValueUsd": 299000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.013377926421405, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-25-330864", "cik": "0001846017", "target": "Blue Foundry Bancorp", "form": "DEFM14A", "fileDate": "2025-12-23", "url": "https://www.sec.gov/Archives/edgar/data/1846017/000119312525330864/d71441ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.65, "excerpt": { "text": "Based on the exchange ratio of 0.650, and on the closing stock price of Fulton common stock of $17.96 per share as of November 21, 2025, the last full trading day prior to public announcement of the merger, the value of the per share merger consideration payable to holders of Blue Foundry common stock was approximately $11.67 per share as of such date.", "offset": 18590 } }, "terminationFee": { "present": true, "amountUsd": 9694662, "excerpt": { "text": "Termination Fee (page 80) If the merger agreement is terminated under certain circumstances, including circumstances involving alternative acquisition proposals and changes in the recommendation of the Blue Foundry board of directors, Blue Foundry may be required to pay to Fulton a termination fee equal to $9,694,662.", "offset": 78560 } }, "dealValueUsd": { "present": true, "amountUsd": 222900000, "excerpt": { "text": "PSC calculated an aggregate implied transaction value of approximately $222.9 million and an implied purchase price per share of $11.67 consisting of the implied value of 20,761,225 shares of Blue Foundry common stock, excluding 1,677,017 shares used to repay the Blue Foundry ESOP loan, 2,138,186 options outstanding with a weighted average strike price of $11.56 and based on the closing price of …", "offset": 192909 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Blue Foundry and Fulton expect the merger to be completed once Blue Foundry has obtained the requisite Blue Foundry stockholder approval and other closing conditions are satisfied.", "offset": 48966 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect A-9 Materially Burdensome Regulatory Condition A-64 Merger A-1 Merger Consideration A-2 Merger Consideration Value A-4 NASDAQ A-7 New Certificates A-6 NJDBI A-14 OCC A-14 Old Certificate A-2 Open Source Software A-40 ordinary course A-86 Parent A-1 Parent Articles A-4 Parent Bank A-5 A-v Table of Contents Parent Benefit Plans A-68 Parent Bylaws A-5 Parent Common Stock A-…", "offset": 410102 } } } }, "size": { "dealValueUsd": 222900000, "impliedEquityValueUsd": null, "sharesOutstanding": 19132011, "annualRevenueUsd": null, "revenueFiscalYear": null, "basis": "deal-value", "screenedValueUsd": 222900000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.349332436069987, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-25-336850", "cik": "0001514743", "target": "IF Bancorp, Inc.", "form": "DEFM14A", "fileDate": "2025-12-30", "url": "https://www.sec.gov/Archives/edgar/data/1514743/000119312525336850/d31613ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 27.2, "exchangeRatio": null, "excerpt": { "text": "If the Merger is completed, upon closing of the Merger, your shares of Company common stock will be converted into the right to receive $27.20 in cash for each share, subject to adjustment as provided in the Merger Agreement (the \"Per Share Merger Consideration\").", "offset": 2407 } }, "terminationFee": { "present": true, "amountUsd": 2694000, "excerpt": { "text": "… pay to Parent, by wire transfer of same day funds, a termination fee equal to the sum of: (A) $2,694,000, plus (B) the total amount of any documented costs incurred by Parent in connection with the transactions contemplated by this Agreement, up to, but not to exceed, $898,000 ((A) and (B) together, the \" Termination Fee \"), within two (2) Business Days of receipt of such written notice of term…", "offset": 480262 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": false, "excerpt": null }, "materialAdverseEffect": { "present": false, "excerpt": null } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 91161507.2, "sharesOutstanding": 3351526, "annualRevenueUsd": null, "revenueFiscalYear": null, "basis": "implied-equity-value", "screenedValueUsd": 91161507.2 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 2.955194667953011, "terminationFeePctBasis": "implied" }, { "adsh": "0001140361-26-000265", "cik": "0001131554", "target": "SYNCHRONOSS TECHNOLOGIES INC", "form": "DEFM14A", "fileDate": "2026-01-05", "url": "https://www.sec.gov/Archives/edgar/data/1131554/000114036126000265/ny20060707x2_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 9, "exchangeRatio": null, "excerpt": { "text": "If the Merger is completed, you will be entitled to receive $9.00 per share in cash, minus the Company Transaction Expense Overage (as defined below), if any, divided by the total number of Fully Diluted Shares (as defined below), net of applicable withholding taxes and without interest (the \" Merger Consideration \"), for each share of Synchronoss common stock, par value $0.0001 per share (\" Sync…", "offset": 2396 } }, "terminationFee": { "present": true, "amountUsd": 7752000, "excerpt": { "text": "Upon termination of the Merger Agreement under specified circumstances, Synchronoss will be required to pay Parent a termination fee of $7,752,000.", "offset": 60816 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…vote of Synchronoss' stockholders; • the expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the \" HSR Act \") and any filings, approvals, clearances, and consents which may be required from any governmental authority in connection with the Merger and the Transactions shall have been obtained or otherwise completed;", "offset": 32564 } }, "cfius": { "present": true, "excerpt": { "text": "(ii) mandatory or voluntary notification to the Committee on Investment in the United States (\" CFIUS \") under Section 721 of Title VII of the Defense Production Act of 1950 (codified at 50 U.S.C.", "offset": 299186 } }, "noFinancingCondition": { "present": true, "excerpt": { "text": "The Synchronoss Board considered the likelihood that the Merger would be consummated and the speed with which it could be completed, in light of several factors, including without limitation the fact that the Merger was not subject to a financing contingency and Parent is representing that it has sufficient cash and other sources of immediately available funds to pay the aggregate Merger Consider…", "offset": 178937 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Conditions to the Closing of the Merger (Page 79 ) The obligations of Synchronoss, Parent and Merger Sub, as applicable, to consummate the Merger are subject to the satisfaction or waiver of certain conditions, including (among other conditions), the following: • the adoption of the Merger Agreement by the requisite affirmative vote of Synchronoss' stockholders;", "offset": 32392 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…ct to certain materiality and Material Adverse Effect qualifiers (with specified exceptions, including, in the case of Synchronoss' capitalization representations and warranties, other than as would not increase the aggregate Merger Consideration by more than $1,200,000), as of the closing date, or, as applicable, the date in respect of which such representation or warranty was specifically made;", "offset": 33424 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 103566906, "sharesOutstanding": 11507434, "annualRevenueUsd": 173594000, "revenueFiscalYear": 2024, "basis": "implied-equity-value", "screenedValueUsd": 103566906 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 7.485016497451416, "terminationFeePctBasis": "implied" }, { "adsh": "0001437749-26-000391", "cik": "0000047307", "target": "CRAWFORD UNITED Corp", "form": "DEFM14A", "fileDate": "2026-01-05", "url": "https://www.sec.gov/Archives/edgar/data/47307/000143774926000391/crawa20260103_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 83.42, "exchangeRatio": null, "excerpt": { "text": "As of the date of this proxy statement, after anticipated adjustments for satisfaction of indebtedness and payment of expenses at the effective time of the Merger, the Merger Consideration is estimated to be cash consideration of $83.42 per share, without interest and less any required withholding of taxes.", "offset": 3876 } }, "terminationFee": { "present": true, "amountUsd": 9000000, "excerpt": { "text": "…st of Parent following the date any Proposal is first made public, or (b) by Crawford United or Parent following the Board's authorization for Crawford United to enter into a definitive agreement to consummate an alternative transaction contemplated by a Superior Proposal will result in the payment by Crawford United of a termination fee of $9 million (which we refer to as the \"Termination Fee\").", "offset": 41819 } }, "dealValueUsd": { "present": true, "amountUsd": 300000000, "excerpt": { "text": "…common shares\") issued and outstanding immediately prior to the effective time of the Merger (which we refer to as the \"Effective Time\") will at the Effective Time automatically be converted into the right to receive an amount per share determined pursuant to the Merger Agreement (which amount we refer to as the \"Merger Consideration\"), representing an aggregate transaction value of $300 million.", "offset": 3623 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…gal advisers. 4 Table of Contents Regulatory Approvals Required for the Merger (page 48) Under the Merger Agreement, the Merger cannot be consummated until the waiting period applicable to the Merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder (which we refer to as the \"HSR Act\"), have expired or been terminated.", "offset": 30563 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "For more information, please see the section of this proxy statement entitled \" The Merger Agreement - Conditions to the Closing of the Merger .\" 5 Table of Contents Financing of the Merger (page 43) There is no financing condition to the Merger.", "offset": 33373 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…he directors and executive officers of Crawford United and certain of their respective affiliated entities (each, a \"Voting Agreement\" and together, the \"Voting Agreements\"), (iv) recommended approval and adoption of the Merger Agreement by Crawford United shareholders, and (v) directed that the Merger Agreement be submitted for the approval of Crawford United shareholders at the Special Meeting.", "offset": 5354 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…ng the Merger to be high, particularly in light of the terms of the Merger Agreement, including, among others: ● the conditions to the Merger being specific and limited, and the fact that the Merger is not subject to a financing condition; ● the exceptions contained within the \" Company Material Adverse Effect\" definition, which generally defines the standard for allocating certain closing risks;", "offset": 121301 } } } }, "size": { "dealValueUsd": 300000000, "impliedEquityValueUsd": null, "sharesOutstanding": null, "annualRevenueUsd": 23816735, "revenueFiscalYear": 2017, "basis": "deal-value", "screenedValueUsd": 300000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-26-012952", "cik": "0000917470", "target": "OLYMPIC STEEL INC", "form": "DEFM14A", "fileDate": "2026-01-14", "url": "https://www.sec.gov/Archives/edgar/data/917470/000119312526012952/d75200ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 1.7105, "excerpt": { "text": "As a result of the merger, each share of Olympic Steel common stock issued and outstanding immediately prior to the effective time of the merger (the \"effective time\") (other than certain excluded shares) will be converted into the right to receive 1.7105 shares of Ryerson common stock and, if applicable, cash in lieu of fractional shares (the \"merger consideration\").", "offset": 41325 } }, "terminationFee": { "present": true, "amountUsd": 15000000, "excerpt": { "text": "…o the specific exceptions discussed in this joint proxy statement/prospectus where (i) Ryerson may be required to pay a termination fee of $15 million to Olympic Steel and Olympic Steel may be required to pay a termination fee of $15 million to Ryerson and (ii) either company may be required to reimburse the other company for merger-related expenses up to $10 million, under certain circumstances.", "offset": 165167 } }, "dealValueUsd": { "present": true, "amountUsd": 414000000, "excerpt": { "text": "This analysis indicated a range of implied equity value of approximately $414 million to $463 million.", "offset": 360873 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "… HSR Act must have been expired or been terminated, (iv) no governmental entity of competent 15 Table of Contents jurisdiction in which the parties or their subsidiaries have material assets or material business operations has issued any law or order that prohibits, restrains or makes illegal the consummation of the merger that is still in effect, (v) the registration statement, of which this jo…", "offset": 93903 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "\" Ryerson or Olympic Steel may waive one or more of the closing conditions without re-soliciting stockholder approval.", "offset": 205984 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "Definition of Material Adverse Effect Many of the representations and warranties in the merger agreement are qualified by a \"materiality\" or \"material adverse effect\" standard (that is, they will not be deemed to be untrue or incorrect unless their failure to 134 Table of Contents be true or correct, individually or in the aggregate, would, as the case may be, be material or have a material adver…", "offset": 564326 } } } }, "size": { "dealValueUsd": 414000000, "impliedEquityValueUsd": null, "sharesOutstanding": 11197621, "annualRevenueUsd": 1941672000, "revenueFiscalYear": 2024, "basis": "deal-value", "screenedValueUsd": 414000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.6231884057971016, "terminationFeePctBasis": "stated" }, { "adsh": "0001140361-26-002681", "cik": "0000909108", "target": "DIAMOND HILL INVESTMENT GROUP INC", "form": "DEFM14A", "fileDate": "2026-01-28", "url": "https://www.sec.gov/Archives/edgar/data/909108/000114036126002681/ny20061565x2_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 175, "exchangeRatio": null, "excerpt": { "text": "…, at the effective time of the merger, you will be entitled to receive, for each issued and outstanding share of common stock, without par value, of Diamond Hill (the \"Diamond Hill common stock\") that you own immediately prior to the effective time of the merger, $175.00 in cash without interest and subject to deduction for any required withholding tax (referred to as the \"merger consideration\").", "offset": 2296 } }, "terminationFee": { "present": true, "amountUsd": 18000000, "excerpt": { "text": "See \"The Merger Agreement-Termination of the Merger Agreement.\" Termination Fee and Expenses (see page 78 ) Diamond Hill must pay First Eagle a termination fee of $18,000,000 if the merger agreement is terminated in certain circumstances, including as a result of Diamond Hill entering into a definitive agreement with respect to a superior proposal, an adverse recommendation change, failure to obt…", "offset": 56841 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": true, "windowDays": 35, "excerpt": { "text": "The press release announcing the transaction also noted that the merger agreement included a go-shop period of 35 days continuing through January 14, 2026.", "offset": 182368 } }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Regulatory Clearances and Approvals Required for the Merger (see page 54 ) The merger is subject to the requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (referred to as the \"HSR Act\"), which prevents Diamond Hill and First Eagle from completing the merger until a Notification and Report Form is filed on behalf of each of Diamond Hill and First Eagle with the An…", "offset": 35732 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "For additional information, see the section titled \"The Merger (Proposal 1)-Opinion of Financial Advisor to Diamond Hill.\" Financing of the Merger (see page 54 ) The merger is not subject to a financing condition.", "offset": 32760 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "The obligations of the Company, Parent and Merger Sub to consummate the Merger are subject to the satisfaction of the following conditions: (a) the Company Shareholder Approval shall have been obtained in accordance with the OGCL;", "offset": 789869 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Common Stock 56 Surrender and Payment Procedures 58 Representations and Warranties 59 Material Adverse Effect 60 Conduct of Businesses of Diamond Hill Prior to Completion of the Merger 61 Conduct of Businesses of First Eagle Prior to Completion of the Merger 64 Shareholders Meeting and Board Recommendation 64 Go-Shop 65 No Solicitation of Other Offers by Diamond Hill 67 Change of Recommendation;", "offset": 18103 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 473440625, "sharesOutstanding": 2705375, "annualRevenueUsd": 147097859, "revenueFiscalYear": 2025, "basis": "implied-equity-value", "screenedValueUsd": 473440625 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.8019551026065836, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-26-033610", "cik": "0001851194", "target": "Ventyx Biosciences, Inc.", "form": "DEFM14A", "fileDate": "2026-02-02", "url": "https://www.sec.gov/Archives/edgar/data/1851194/000119312526033610/d93324ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 14, "exchangeRatio": null, "excerpt": { "text": "If the merger is completed, you will be entitled to receive $14.00 in cash, without interest and less applicable tax withholdings, for each share of our common stock that you own immediately prior to the effective time of the merger (unless you have properly exercised your appraisal rights).", "offset": 2833 } }, "terminationFee": { "present": true, "amountUsd": 44000000, "excerpt": { "text": "Termination Fee Upon termination of the merger agreement under specified circumstances, Ventyx will be required to pay Lilly a termination fee of $44.0 million.", "offset": 67946 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Regulatory Approvals Required for the Merger Under the merger agreement, the merger cannot be completed until the waiting period applicable to the merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (which we refer to as the \" HSR Act \") has expired or otherwise been terminated.", "offset": 52919 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "For more information, see the section of this proxy statement captioned \"The Merger-Regulatory Approvals Required for the Merger.\" Financing of the Merger There is no financing condition to the merger.", "offset": 53661 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…ange of Recommendation,\" \"The Merger Agreement-Termination of Merger Agreement\" and \"The Merger Agreement-Effect of Termination and Termination Fee.\" Conditions to Completion of the Merger The respective obligations of each party to consummate the merger are subject to the satisfaction or waiver of each of the following conditions: • the Ventyx common stockholder approval will have been obtained;", "offset": 61273 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "It also included a definition of \"Company Material Adverse Effect\" which, among 38 Table of Contents other things, did not include exceptions for the results of Ventyx's or its competitors' clinical studies, FDA approval of competitive products, or recommendations, statements or pronouncements made by professional medical associations, payors or governmental bodies.", "offset": 164609 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 999020932, "sharesOutstanding": 71358638, "annualRevenueUsd": null, "revenueFiscalYear": null, "basis": "implied-equity-value", "screenedValueUsd": 999020932 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.404312121059742, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-26-048925", "cik": "0001053352", "target": "HERITAGE COMMERCE CORP", "form": "DEFM14A", "fileDate": "2026-02-12", "url": "https://www.sec.gov/Archives/edgar/data/1053352/000119312526048925/d105934ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.65, "excerpt": { "text": "…you will be asked to consider and vote on the following matters: • Proposal to approve the principal terms of the merger agreement and the transactions contemplated thereby, including the merger and the cancellation of each outstanding share of Heritage common stock, other than excluded shares, in exchange for the right to receive 0.65 shares of CVBF common stock (the \"Heritage merger proposal\").", "offset": 18452 } }, "terminationFee": { "present": true, "amountUsd": 32450000, "excerpt": { "text": "… termination fee equal to $32,450,000 in cash (the \"termination fee\") if the merger agreement is terminated in the following circumstances: • in the event that after the date of the merger agreement and prior to the termination of the merger agreement, a bona fide acquisition proposal has been communicated to or otherwise made known to the Heritage board of directors or Heritage's senior managem…", "offset": 105690 } }, "dealValueUsd": { "present": true, "amountUsd": 811000000, "excerpt": { "text": "Piper Sandler calculated an aggregate implied transaction value of approximately $811 million and an implied purchase price per share of $13.00 consisting of the implied value of 61,332,457 shares of Heritage common stock (which is inclusive of restricted stock awards), 432,032 Heritage restricted stock units, 316,603 Heritage performance restricted stock units and 1,491,990 Heritage in the money…", "offset": 337701 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "CVBF and Heritage expect the mergers to be completed promptly once CVBF has obtained the requisite CVBF shareholder approval, Heritage has obtained the requisite Heritage shareholder approval, the requisite regulatory approvals have been obtained and other closing conditions are satisfied.", "offset": 68293 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "No Violation A-45 5.04 Consents and Approvals A-45 5.05 Reports A-46 5.06 Financial Statements A-46 5.07 Broker's Fees A-47 5.08 No Parent Material Adverse Effect A-47 5.09 Compliance with Applicable Law A-47 5.10 Absence of Changes A-50 5.11 IT Systems A-50 5.12 State Takeover Laws A-51 5.13 Approvals A-51 5.14 Opinion A-51 5.15 Parent Information A-51 5.16 Legal Proceedings A-51 5.17 Accounting…", "offset": 571637 } } } }, "size": { "dealValueUsd": 811000000, "impliedEquityValueUsd": null, "sharesOutstanding": 61593284, "annualRevenueUsd": 3688000, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 811000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.001233045622688, "terminationFeePctBasis": "stated" }, { "adsh": "0001185185-26-000563", "cik": "0001419275", "target": "RYVYL Inc.", "form": "DEFM14A", "fileDate": "2026-02-13", "url": "https://www.sec.gov/Archives/edgar/data/1419275/000118518526000563/ryvyldefm14a021326.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": null, "excerpt": { "text": "For a more complete description of what RTB's stockholders, warrant holders and option holders will receive in the merger, please see the section entitled \"The Merger Agreement-Merger Consideration and Exchange Ratio\" in this proxy statement/prospectus.", "offset": 46199 } }, "terminationFee": { "present": true, "amountUsd": null, "excerpt": null }, "dealValueUsd": { "present": true, "amountUsd": 44400000, "excerpt": { "text": "The average Q1-2027E EV/Revenue multiple for the \"Digital Media Publishing / Ad-Tech\" sector was 2.29x and that was then multiplied by RTB's Q1-2027E Revenue estimate of $19.4 million, to derive an Enterprise Value of $44.4 million.", "offset": 343416 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Any applicable waiting period under the Hart-Scott-Rodino Act must have expired or been terminated, and all other approvals, clearances, and expiration of applicable waiting periods required by any applicable antitrust laws or as required by state or federal regulators for digital asset or cryptocurrency-related business activities must have been obtained or occurred.", "offset": 42953 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "In addition to the requirement of obtaining the stockholder approvals and other closing conditions described above, each of the other closing conditions set forth in the Merger Agreement must be satisfied or waived.", "offset": 44794 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "These representations and warranties shall not survive the Effective Time and are subject to qualifications, exceptions, and materiality thresholds set forth in the Merger Agreement and Disclosure Schedules. 95 Table of Contents Material Adverse Effect The obligation of each party to close is conditioned on the absence of a \"Material Adverse Effect\" on the other party, defined as any event, circu…", "offset": 474019 } } } }, "size": { "dealValueUsd": 44400000, "impliedEquityValueUsd": null, "sharesOutstanding": 1281009, "annualRevenueUsd": 11131000, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 44400000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": null, "terminationFeePctBasis": null }, { "adsh": "0001193125-26-067473", "cik": "0001110611", "target": "ON24 INC.", "form": "DEFM14A", "fileDate": "2026-02-24", "url": "https://www.sec.gov/Archives/edgar/data/1110611/000119312526067473/d885656ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 8.1, "exchangeRatio": null, "excerpt": { "text": "If the Merger is completed, you will be entitled to receive $8.10 in cash, without interest and net of applicable withholding taxes (the \"Merger Consideration\"), for each share of common stock, par value $0.0001 per share, of the Company (referred to as the \"Company common stock\" or \"ON24 common stock\") that you own as of immediately prior to the effective time of the Merger (the \"Effective Time\"…", "offset": 2464 } }, "terminationFee": { "present": true, "amountUsd": 12024615, "excerpt": { "text": "Under certain circumstances, if the Merger Agreement is terminated, the Company may be obligated to pay to Parent a termination fee of $12,024,615 or Parent may be obligated to pay to the Company a termination fee of $22,045,127, as applicable.", "offset": 30723 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…any's stockholders; • the expiration or termination of any applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the \"HSR Act\"), and receipt of the approvals, clearances or expirations of waiting periods under certain foreign antitrust laws (see the section of this proxy statement titled \" The Merger-Regulatory Approvals Required for the Merger \");", "offset": 39690 } }, "cfius": { "present": true, "excerpt": { "text": "Antitrust Filings; CFIUS Filings 81 Proxy Statement;", "offset": 16666 } }, "noFinancingCondition": { "present": true, "excerpt": { "text": "The obligation of Parent and Merger Sub to consummate the Merger is not subject to any financing condition.", "offset": 37747 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Conditions of the Merger (page 87) The obligations of ON24, Parent and Merger Sub to consummate the Merger are subject to the satisfaction or waiver of various conditions on or prior to the Effective Time, including the following: • the adoption of the Merger Agreement by the Company's stockholders;", "offset": 39550 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…very of a customary closing certificate signed on behalf of the respective party by an officer of such party certifying certain conditions have been satisfied; and • in the case of Parent's and Merger Sub's obligations, the absence of a Company Material Adverse Effect (which term is described in the section of this proxy statement titled \" The Merger Agreement - Representations and Warranties \").", "offset": 41509 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 348248986.2, "sharesOutstanding": 42993702, "annualRevenueUsd": 139312000, "revenueFiscalYear": 2025, "basis": "implied-equity-value", "screenedValueUsd": 348248986.2 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.4528786806271543, "terminationFeePctBasis": "implied" }, { "adsh": "0001628280-26-011309", "cik": "0001137547", "target": "UNITED SECURITY BANCSHARES", "form": "DEFM14A", "fileDate": "2026-02-25", "url": "https://www.sec.gov/Archives/edgar/data/1137547/000162828026011309/usb-defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.452, "excerpt": { "text": "Q: What will USB shareholders be entitled to receive in the merger?", "offset": 28079 } }, "terminationFee": { "present": true, "amountUsd": 7700000, "excerpt": { "text": "A termination fee may be payable under some circumstances (See page 88 ) USB has agreed to pay CWB a termination fee of $7,700,000 if the merger agreement is terminated under the following circumstances: - CWB terminates the merger agreement because USB breaches its covenant not to solicit an acquisition proposal from a third party or its obligations related to holding a shareholder meeting to ap…", "offset": 83265 } }, "dealValueUsd": { "present": true, "amountUsd": 191900000, "excerpt": { "text": "… \"CWBC.\" Based on the closing price of CWB common stock reported on Nasdaq of $24.06 as of December 16, 2025, the trading day immediately preceding the public announcement of the merger, the implied merger consideration that a USB shareholder would be entitled to receive for each share of CWB capital stock owned would be $10.88, with an aggregate transaction value of approximately $191.9 million.", "offset": 3775 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "See \"Description of the Merger Agreement-Conditions to consummation of the merger.\" Q: Is consummation of the merger subject to any conditions besides shareholder approval?", "offset": 54360 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect 81 Merger 1 Nasdaq Rules 81 New Encumbrance 54 New Plans 63 Old Plans 64 Order 81 Ordinary Course of Business 82 OREO 82 PBGC 82 Per Share Merger Consideration 4 Permitted Exceptions 13 Person 82 Phase I Report 55 Phase II Report 55 Proceeding 82 Proxy Statement 82 Registration Statement 82 Regulation S-K 82 Regulatory Authority 82 Representative 82 vii Requisite Regulat…", "offset": 424825 } } } }, "size": { "dealValueUsd": 191900000, "impliedEquityValueUsd": null, "sharesOutstanding": 17255505, "annualRevenueUsd": 2954000, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 191900000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.012506513809275, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-26-072827", "cik": "0000923139", "target": "FLUSHING FINANCIAL CORP", "form": "DEFM14A", "fileDate": "2026-02-26", "url": "https://www.sec.gov/Archives/edgar/data/923139/000119312526072827/d118843ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": null, "excerpt": { "text": "In connection with such exercise, depending on the effective date and designated price of the warrant, Warburg would be entitled to receive, at a minimum, zero additional shares of OceanFirst NVCE stock and, at a maximum, 0.2885 additional shares of OceanFirst NVCE stock per share of OceanFirst NVCE stock underlying the warrant (which represents the economic equivalent of approximately 288.5 shar…", "offset": 43240 } }, "terminationFee": { "present": true, "amountUsd": 21431924, "excerpt": { "text": "In addition, if the merger agreement is terminated in certain circumstances, a termination fee equal to $21,431,924 will be payable by either OceanFirst or Flushing to the other party, as applicable.", "offset": 94860 } }, "dealValueUsd": { "present": true, "amountUsd": 579200000, "excerpt": { "text": "PSC calculated an aggregate implied transaction value of approximately $579.2 million and an implied purchase price per share of $16.80 consisting of the implied value of 34,486,894 shares¹", "offset": 448774 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…y approvals, (b) no governmental entity having imposed, and no requisite regulatory approval containing, a materially burdensome regulatory condition (as defined below), (c) the receipt of the requisite OceanFirst stockholder approval, (d) the receipt of the requisite Flushing stockholder approval and (e) the consummation of the investment prior to or concurrently with the closing of the mergers.", "offset": 93816 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Material Adverse Effect 3.1(a) Materially Burdensome Regulatory Condition 6.2(c) Merger Certificates 1.1(b) Merger Consideration 1.5(a) A-v Table of Contents Merger Sub Preamble Merger Sub Bylaws 4.1(c) Merger Sub Certificate 4.1(c) Mergers Recitals Multiemployer Plan 3.11(g) Multiple Employer Plan 3.11(g) NASDAQ 2.2(e) New Certificates 1.5(c) New Plans 6.7(b) Non-Voting Common Equivalent Stock…", "offset": 835031 } } } }, "size": { "dealValueUsd": 579200000, "impliedEquityValueUsd": null, "sharesOutstanding": 33883626, "annualRevenueUsd": 7455000, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 579200000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.7002631215469615, "terminationFeePctBasis": "stated" }, { "adsh": "0001552781-26-000078", "cik": "0001089907", "target": "SWK Holdings Corp", "form": "DEFM14A", "fileDate": "2026-03-03", "url": "https://www.sec.gov/Archives/edgar/data/1089907/000155278126000078/e26086_swkh-defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": null, "excerpt": { "text": "… Exchange Ratio (as defined below) (the \"Per Share Stock Consideration\") or (ii) an amount of cash equal to the SWK Per Share NAV (as defined below) (the \"Per Share Cash Consideration\" and, together with the Per Share Stock Consideration, the \"Per Share Merger Consideration\") plus (B) a pro rata share of the guaranteed cash payment of $9,000,000 being paid by the Adviser (the \"Per Share Guarante…", "offset": 5494 } }, "terminationFee": { "present": true, "amountUsd": 8225000, "excerpt": { "text": "Termination Fee The Merger Agreement provides for the payment by SWK to RWAY of a termination fee of $8,225,000 (the \"Termination Fee\") if the Merger Agreement is terminated by: · either RWAY or SWK, in the event of (i) a Termination for Stockholder Vote or a Termination for Termination Date (provided that, with respect to any such termination by SWK, such rights to termination are then available…", "offset": 498828 } }, "dealValueUsd": { "present": true, "amountUsd": 50600000, "excerpt": { "text": "This results in 5,651,371 shares issued and a total equity value of $50.6 million based on a closing market price of $8.95 on February 4, 2026.", "offset": 189896 } }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "… the RWAY July 17 Proposal, in light of the fact that the RWAY July 17 Proposal would not require a post-closing wind-down of SWK's operations and liabilities and the holdback of any portion of the transaction consideration in order to satisfy any such winddown liabilities and the fact that SWK's value as a shell company would be difficult to ascertain with certainty (the \"Other Considerations\").", "offset": 262359 } }, "rwi": { "present": true, "excerpt": { "text": "Additionally, represents an adjustment for recognizing amortization of a representations and warranties insurance policy acquired as part of the Mergers of $0.1 million for the nine months ended September 30, 2025 and $0.2 million for the year ended December 31, 2024.", "offset": 208936 } }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "… Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the \"HSR Act\") and (v) any severance amounts or other costs or expenses incurred by SWK in connection with the termination of any employee or service provider of SWK or any of its subsidiaries who was employed by or provided services to SWK as of the date of the Merger Agreement and who is terminated following the date of the Mer…", "offset": 46230 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "With respect to the RWAY July 17 Proposal, the SWK Board discussed, among other things, (1) the fact that RWAY's proposal was not subject to any financing contingency, that its due diligence was substantially complete and that RWAY would be prepared to enter into a definitive transaction agreement with SWK in the shortest time period relative to Party B and Party E and (2) the SWK Board's concern…", "offset": 259532 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…WK. 26 · The Merger Agreement limits the ability of RWAY and SWK to pursue alternatives to the Mergers. · The Mergers are subject to closing conditions, including stockholder approvals, that, if not satisfied or (to the extent legally allowed) waived, will result in the Mergers not being completed, which may result in material adverse consequences to the businesses and operations of RWAY and SWK.", "offset": 77561 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…uly organized, validly existing and (to the extent applicable) in good standing under the laws of the jurisdiction of its incorporation or organization and (b) has the requisite entity power and authority to conduct its business as it is now being conducted, except, in the case of this clause (b), where the failure to have such power and authority would not have a Company Material Adverse Effect.", "offset": 764022 } } } }, "size": { "dealValueUsd": 50600000, "impliedEquityValueUsd": null, "sharesOutstanding": 12095979, "annualRevenueUsd": 2153000, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 50600000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": null, "terminationFeePctBasis": null }, { "adsh": "0001140361-26-008785", "cik": "0001607939", "target": "Udemy, Inc.", "form": "DEFM14A", "fileDate": "2026-03-10", "url": "https://www.sec.gov/Archives/edgar/data/1607939/000114036126008785/ny20063463x1_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": 0.8, "excerpt": { "text": "If the Merger is completed, Udemy Stockholders will be entitled to receive, for each issued and outstanding share of common stock, par value $0.00001 per share, of Udemy (\"Udemy Common Stock\") owned by such Udemy Stockholders immediately prior to the effective time of the Merger (other than certain shares of Udemy Common Stock owned directly by Coursera, Udemy or Merger Sub), 0.800 shares of Cour…", "offset": 4351 } }, "terminationFee": { "present": true, "amountUsd": 40500000, "excerpt": { "text": "Changes of Recommendation \" and \" The Merger Agreement-Special Meetings .\" Termination Fees (page 133 ) The Merger Agreement requires Coursera or Udemy, as applicable, to pay the other party a termination fee of $40.5 million (the \"Termination Fee\") if, after December 17, 2025 and prior to the termination of the Merger Agreement, a bona fide Acquisition Proposal has been made with respect to such…", "offset": 163755 } }, "dealValueUsd": { "present": true, "amountUsd": 1000000000, "excerpt": { "text": "Morgan Stanley considered premiums paid in transactions since 2004 in which the consideration was at least 90% stock, which had an equity value of $1.0 billion or more and in which the acquiring company stockholders retained ownership of between 40% and 45% in the Combined Company.", "offset": 493579 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "… Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the \"HSR Act\") must have expired or been terminated (on February 9, 2026, the Federal Trade Commission (the \"FTC\") granted early termination of the waiting period under the HSR Act), (4) all applicable consents, clearances or approvals and expirations or termination of any waiting periods (or extensions thereof) under certain app…", "offset": 99073 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Coursera Stockholder approval of the Coursera Share Issuance Proposal and the Coursera Charter Amendment Proposal is a condition to the completion of the Merger, and Udemy Stockholder approval of the Udemy Merger Proposal is a condition to the completion of the Merger.", "offset": 11075 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…Closing Date; • since December 17, 2025, there has not been any effect, change, event, circumstance, condition, occurrence or development that has had or would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect (as defined in the section titled \" The Merger Agreement - Representations and Warranties-Definition of Material Adverse Effect \") on Udemy;", "offset": 152773 } } } }, "size": { "dealValueUsd": 1000000000, "impliedEquityValueUsd": null, "sharesOutstanding": 146281495, "annualRevenueUsd": 789844000, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 1000000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.05, "terminationFeePctBasis": "stated" }, { "adsh": "0001140361-26-009458", "cik": "0001600626", "target": "Peakstone Realty Trust", "form": "DEFM14A", "fileDate": "2026-03-16", "url": "https://www.sec.gov/Archives/edgar/data/1600626/000114036126009458/ny20064692x2_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 21, "exchangeRatio": null, "excerpt": { "text": "If the Company Merger is completed, you, as a holder of common shares of beneficial interest, par value $0.001 per share, of the Company (each, a \"Company Common Share\"), will be entitled to receive $21.00 in cash, without interest, subject to certain adjustments as further described in the enclosed proxy statement, in exchange for each Company Common Share you own as of immediately prior to the …", "offset": 3803 } }, "terminationFee": { "present": true, "amountUsd": null, "excerpt": null }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": true, "windowDays": 30, "excerpt": { "text": "The December 2 Shareholder Party A Proposal further included a highly confident letter from a potential debt financing source regarding the acquisition financing for the proposal, and indicated a willingness to include a 30-day go-shop period in the definitive agreement so long as the Company's negotiations with Shareholder Party A were exclusive.", "offset": 144321 } }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing of the Mergers (See Page 47 ) The Mergers are not conditioned on any financing arrangements.", "offset": 44381 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…your shares, fail to personally vote at the Special Meeting, or fail to instruct your broker, bank or other nominee on how to vote, such abstention or failure to vote will have the same effect as voting \" AGAINST \" the Merger Proposal. Shareholder approval of the Merger Proposal is a condition to the completion of the Company Merger and the other transactions contemplated by the Merger Agreement.", "offset": 110167 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… the Closing Date, each signed by an applicable executive officer, certifying that certain specified conditions have been satisfied; • from the date of the Merger Agreement through the Closing Date, there must not have occurred a Company material adverse effect (as defined in the section of this proxy statement captioned \" The Merger Agreement-Representations and Warranties\" ) that is continuing;", "offset": 56046 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 781904256, "sharesOutstanding": 37233536, "annualRevenueUsd": 105981000, "revenueFiscalYear": 2025, "basis": "implied-equity-value", "screenedValueUsd": 781904256 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": null, "terminationFeePctBasis": null }, { "adsh": "0001193125-26-112429", "cik": "0000351834", "target": "SunOpta Inc.", "form": "DEFM14A", "fileDate": "2026-03-18", "url": "https://www.sec.gov/Archives/edgar/data/351834/000119312526112429/d106636ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 6.5, "exchangeRatio": null, "excerpt": { "text": "If the Arrangement is completed, each holder of Common Shares will be entitled to receive $6.50 in cash (less any applicable withholding taxes) for each Common Share that they own.", "offset": 2377 } }, "terminationFee": { "present": true, "amountUsd": 41450000, "excerpt": { "text": "Termination Fee (page 113) If certain events occur as set out in the Arrangement Agreement that result in the termination of the Arrangement Agreement, the Company will be required to pay a termination fee of $41,450,000 (the \"Termination Fee\").", "offset": 64794 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "Payment of Consideration by Purchaser Purchaser will, and Parent will cause Purchaser to, by no later than the Effective Date and in any event at or prior to the filing by the Company of the Articles of Arrangement with the CBCA Director, deposit or cause to be deposited in escrow with the Depositary (the terms and conditions of such escrow to be satisfactory to the Parties, acting reasonably) su…", "offset": 550010 } }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": true, "windowDays": null, "excerpt": { "text": "Representatives of Lazard further reviewed potential negotiation levers, including a limited go-shop period or tiered termination fee, to support value maximization and preserve optionality in the event the Company were to receive a superior proposal.", "offset": 193864 } }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Regulatory Approvals (pages 83 and 97) Under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the \"HSR Act\"), parties to a transaction that meets certain statutory jurisdictional tests and is not otherwise exempted must provide notice of that transaction to the Antitrust Division (the \"Antitrust Division\") of the U.S.", "offset": 47414 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "The completion of the Arrangement is not conditioned upon Purchaser's receipt of financing.", "offset": 39839 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "At the Shareholder Meeting, shareholders will be asked to consider and vote on a resolution approving the Arrangement. Shareholder approval is one of several conditions to the proposed Arrangement.", "offset": 2607 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… where failure of such representations and warranties to be true and correct has not had, and would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, and certain fundamental representations and warranties of the Company must be true and correct other than in de minimis respects as of the date of the Arrangement Agreement and as of the Effective Date;", "offset": 59029 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 769330692, "sharesOutstanding": 118358568, "annualRevenueUsd": 817715000, "revenueFiscalYear": 2026, "basis": "implied-equity-value", "screenedValueUsd": 769330692 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 5.387800126918633, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-26-117814", "cik": "0001133470", "target": "CALAVO GROWERS INC", "form": "DEFM14A", "fileDate": "2026-03-20", "url": "https://www.sec.gov/Archives/edgar/data/1133470/000119312526117814/d15959ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "mixed", "cashPerShareUsd": 14.85, "exchangeRatio": 0.979, "excerpt": { "text": "… the right to receive cash in lieu of fractional shares of Mission Produce Common Stock, if any, into which such shares of Calavo Common Stock have been converted (the \"Fractional Share Consideration\") and (ii) $14.85 in cash without interest (together with the Per Share Stock Consideration and the Fractional Share Consideration, the \"Merger Consideration\"), subject to applicable tax withholding.", "offset": 3969 } }, "terminationFee": { "present": true, "amountUsd": 12870000, "excerpt": { "text": "Upon termination of the Merger Agreement, each of Calavo and Mission Produce, under specified circumstances, including termination by Calavo to accept a Superior Proposal or termination by the other party upon a change in such party's board of directors' recommendation to its stockholders, will be required to pay the other party a termination fee of $12.87 million.", "offset": 203704 } }, "dealValueUsd": { "present": true, "amountUsd": 486000000, "excerpt": { "text": "…ject to the right to receive the Fractional Share Consideration in lieu of fractional shares of Mission Produce Common Stock and (ii) $14.85 in cash, without interest; • the transaction valuing Calavo at an implied equity value of approximately $486 million and the per-share Merger Consideration representing a premium of 21.6% to the closing stock price of Calavo Common Stock on January 13, 2026;", "offset": 151328 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Good Reason has the meanings set forth in each respective agreement. HSR Act means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations thereunder.", "offset": 46354 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Notwithstanding the foregoing, the consummation of the Mergers is not conditioned on Mission Produce obtaining any financing.", "offset": 161877 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Mission Produce or Calavo may waive one or more of the closing conditions without re-soliciting stockholder or shareholder approval, respectively.", "offset": 232677 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…The Mergers-Background of the Transaction .\" Calavo Management Unaudited Projections has the meaning set forth in \" The Mergers - Certain Calavo Unaudited Prospective Financial Information .\" Calavo Material Adverse Effect has the meaning set forth in \" The Merger Agreement-Material Adverse Effect .\" Calavo Notice Period has the meaning set forth in \" The Merger Agreement-Calavo Non-Solicitation;", "offset": 39163 } } } }, "size": { "dealValueUsd": 486000000, "impliedEquityValueUsd": null, "sharesOutstanding": 17874079, "annualRevenueUsd": 648434000, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 486000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 2.648148148148148, "terminationFeePctBasis": "stated" }, { "adsh": "0001104659-26-035700", "cik": "0000034563", "target": "FARMER BROTHERS CO", "form": "DEFM14A", "fileDate": "2026-03-27", "url": "https://www.sec.gov/Archives/edgar/data/34563/000110465926035700/tm268832-2_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 1.29, "exchangeRatio": null, "excerpt": { "text": "If the proposed merger is completed, Farmer Bros. will become a wholly-owned subsidiary of Royal Cup, Inc., and each share of Farmer Bros. common stock will be converted (unless you have properly exercised your appraisal rights) into the right to receive $1.29 in cash without interest.", "offset": 1404 } }, "terminationFee": { "present": true, "amountUsd": 1684000, "excerpt": { "text": "…nd documented out-of-pocket fees and expenses incurred and paid to unaffiliated third parties in connection with the merger agreement and pay our expenses related to the strategic alternatives process and may, in certain circumstances, be required to pay a termination fee of $1,684,000 (less any expenses already reimbursed, if applicable), all of which would worsen the company's liquidity issues.", "offset": 27236 } }, "dealValueUsd": { "present": true, "amountUsd": 41500000, "excerpt": { "text": "On January 26, 2026, Braemont (together with Royal Cup) delivered a revised letter of intent to the company, reducing its proposed purchase price to $1.65 per share (before transaction expenses, which would reduce the per share price dollar-for-dollar) in cash (implying an equity value of approximately $41.5 million).", "offset": 144613 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": true, "windowDays": null, "excerpt": { "text": "In it, the company agreed to remove a post-signing \"go-shop\" provision in light of the broad pre-signing market check that had been conducted and the board's view, after consultation with its advisors, that a post-signing go-shop was not necessary under the circumstances.", "offset": 143196 } }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "…acknowledge and agree that, notwithstanding anything in this Agreement to the contrary, the obligations of Parent and Merger Sub to perform their respective obligations hereunder, including to consummate the Closing subject to the terms and conditions hereof, are not conditioned on obtaining of the Debt Financing or on the performance of any party to any definitive documentation relating thereto.", "offset": 748106 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Our board of directors unanimously approved the merger agreement and has called a special meeting of our stockholders at which stockholders will have the opportunity to consider and vote upon a proposal to adopt the merger agreement. Stockholder approval is one of several conditions to the proposed merger.", "offset": 1957 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "\" Company Material Adverse Effect \" means any change, event, effect, development, condition, occurrence or circumstance (each, an \" Effect \") that, individually or in the aggregate, (x) has or would reasonably be expected to have a material adverse effect on the business, assets, properties, financial condition or results of operations of the Company and its Subsidiaries, taken as a whole or (y) …", "offset": 468492 } } } }, "size": { "dealValueUsd": 41500000, "impliedEquityValueUsd": 28028032.53, "sharesOutstanding": 21727157, "annualRevenueUsd": 342281000, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 41500000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 4.057831325301205, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-26-154881", "cik": "0001803737", "target": "Enhabit, Inc.", "form": "DEFM14A", "fileDate": "2026-04-14", "url": "https://www.sec.gov/Archives/edgar/data/1803737/000119312526154881/d48559ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 13.8, "exchangeRatio": null, "excerpt": { "text": "If the Merger is consummated, you will be entitled to receive $13.80 in cash, without interest, for each share of Common Stock that you own (unless you have properly exercised appraisal rights, including by not voting in favor of the Merger Proposal).", "offset": 4458 } }, "terminationFee": { "present": true, "amountUsd": 24500000, "excerpt": { "text": "In that regard, the Board believed that the Company Termination Fee of approximately $24.5 million payable by Enhabit in such instance is reasonable and consistent with or below similar fees payable in comparable transactions and not preclusive of other offers;", "offset": 240077 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": true, "windowDays": null, "excerpt": { "text": "Party F's indication of interest also included a draft merger agreement prepared by Party F's counsel, which included (a) a go-shop provision that would allow Enhabit to solicit additional acquisition proposals for 30 days following signing, (b) a termination fee equal to 2% of the equity value of the transaction if Enhabit were to terminate the merger agreement to enter into a superior proposal …", "offset": 191421 } }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Regulatory Approvals Required for the Merger (page 89) Under the Merger Agreement, the Merger cannot be consummated until the expiration or termination of the applicable waiting period (and any extension thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the \" HSR Act \"), all consents required under any other antitrust law of specified jurisdictions having been o…", "offset": 53563 } }, "cfius": { "present": true, "excerpt": { "text": "Required Approval A-36 Section 5.07 Litigation A-36 Section 5.08 Debt Financing A-37 Section 5.09 Solvency A-38 Section 5.10 Absence of Certain Agreements A-39 Section 5.11 Stock Ownership A-39 Section 5.12 Brokers' Fees A-39 Section 5.13 Parent and Merger Sub Information A-39 Section 5.14 CFIUS Foreign Person Status A-39 Section 5.15 Equity Financing Letter;", "offset": 520839 } }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing of the Merger (page 78) The Merger is not conditioned upon receipt of financing by Parent.", "offset": 43942 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Conditions to the Closing of the Merger (page 109) The obligation of each of the parties to the Merger Agreement to consummate the Merger is subject to the satisfaction or, to the extent permitted by applicable law, waiver, at or prior to Closing, of each of the following conditions: • the obtaining of the Stockholder Approval;", "offset": 62860 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… Company Material Adverse Effect\" or words of similar import, must be true and correct in all respects on the Closing Date as if made on the Closing Date and, to the extent not so qualified, must be true and correct in all material respects on the Closing Date as if made on the Closing Date (in each case except to the extent that any such representation and warranty expressly speaks as of an ear…", "offset": 64314 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 706913362.8000001, "sharesOutstanding": 51225606, "annualRevenueUsd": 1060000000, "revenueFiscalYear": 2025, "basis": "implied-equity-value", "screenedValueUsd": 706913362.8000001 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.465771237221829, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-26-163940", "cik": "0001803901", "target": "Talkspace, Inc.", "form": "DEFM14A", "fileDate": "2026-04-20", "url": "https://www.sec.gov/Archives/edgar/data/1803901/000119312526163940/d113811ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 5.25, "exchangeRatio": null, "excerpt": { "text": "A: If the merger is consummated, for each share of Company common stock that you own as of immediately prior to the effective time, you will be entitled to receive the merger consideration of $5.25 in cash, without interest and subject to any applicable withholding taxes, unless you have properly exercised, perfected and not validly withdrawn or otherwise lost your appraisal rights under the DGCL…", "offset": 87565 } }, "terminationFee": { "present": true, "amountUsd": 32394000, "excerpt": { "text": "…rdance with the terms of the merger agreement, including the non-solicitation restrictions of the merger agreement, which Company acquisition agreement is entered into immediately following such termination; provided that prior to or concurrently with such termination the Company pays or causes to be paid the termination fee of $32,394,000 to the extent due and payable under the merger agreement.", "offset": 81625 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Consummation of the merger is subject to the requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the rules and regulations promulgated thereunder (which we refer to as the \"HSR Act\") and the rules promulgated by the Federal Trade Commission (which we refer to as the \"FTC\"), which prevent transactions such as the merger from being consummated until (i) certain information …", "offset": 61864 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing of the Merger ( page 71 ) There is no financing condition to the consummation of the merger.", "offset": 50901 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…on of this proxy statement entitled \"- Certain Unaudited Financial Forecasts \", and that, as a result, the Company's actual financial results in future periods could differ materially from senior management's forecasts; 57 Table of Contents • the size and financial strength of UHS and its ability to fund the merger consideration; • the fact that the merger is not subject to a financing condition;", "offset": 246398 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…he Company having complied with or performed in all material respects its obligations required to be complied with or performed by it at or prior to the effective time under the merger agreement; and • the absence of any Material Adverse Effect (as defined in the section of this proxy statement entitled \" The Merger Agreement-Representations and Warranties \") having occurred and being continuing.", "offset": 74866 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 879440971.5, "sharesOutstanding": 167512566, "annualRevenueUsd": 228871000, "revenueFiscalYear": 2025, "basis": "implied-equity-value", "screenedValueUsd": 879440971.5 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.6834763275524742, "terminationFeePctBasis": "implied" }, { "adsh": "0001104659-26-051962", "cik": "0001828185", "target": "Barinthus Biotherapeutics plc.", "form": "DEFM14A", "fileDate": "2026-04-30", "url": "https://www.sec.gov/Archives/edgar/data/1828185/000110465926051962/tm2613157-1_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-stock", "cashPerShareUsd": null, "exchangeRatio": null, "excerpt": { "text": "…es held as treasury stock or owned by Topco or Merger Sub immediately prior to the Merger Effective Time, will be converted solely into the right to receive (i) between 0.000305 and 0.000508, as finally determined by Clywedog and Barinthus Bio, of shares of Topco Common Stock (the \"Merger Exchange Ratio\"), rounded down to the nearest whole share, plus (ii) cash in lieu of any fraction of a share.", "offset": 6911 } }, "terminationFee": { "present": true, "amountUsd": null, "excerpt": null }, "dealValueUsd": { "present": true, "amountUsd": 52300000, "excerpt": { "text": "(v) Barinthus Bio had an implied equity value of $52.3 million and Clywedog had an implied equity value of $100 million;", "offset": 1383586 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…pment, matter, state of facts, series of events or circumstances that could give rise to the termination of the Merger Agreement; ​ • failure to obtain applicable regulatory or stockholder and shareholder approvals in a timely manner or otherwise, or being required to accept conditions that could reduce the anticipated benefits of the Combinations as a condition to obtaining regulatory approvals;", "offset": 100846 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "\"Barinthus Material Adverse Effect\" means any Effect that, considered together with all other Effects that have occurred prior to the date of determination of the occurrence of the Barinthus Material Adverse Effect, has or would reasonably be expected to have a material adverse effect on the business, financial condition, assets, liabilities or results of operations of Barinthus Bio;", "offset": 69367 } } } }, "size": { "dealValueUsd": 52300000, "impliedEquityValueUsd": null, "sharesOutstanding": 40848893, "annualRevenueUsd": 0, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 52300000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": null, "terminationFeePctBasis": null }, { "adsh": "0001193125-26-229702", "cik": "0001175535", "target": "Whitestone REIT", "form": "DEFM14A", "fileDate": "2026-05-19", "url": "https://www.sec.gov/Archives/edgar/data/1175535/000119312526229702/d119916ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 19, "exchangeRatio": null, "excerpt": { "text": "If the Company Merger is completed, you will be entitled to receive $19.00 in cash, without interest, for each share of our common shares of beneficial interest, par value $0.001 per share (\"Company Common Share\"), that you own.", "offset": 2757 } }, "terminationFee": { "present": true, "amountUsd": 36000000, "excerpt": { "text": "…tion fee; • the fact that the termination fee of $36.0 million (representing approximately 3.5% of our equity value based on the Merger Consideration) was viewed by our Board, after consultation with its financial advisors and outside legal counsel, as reasonable under the circumstances and not reasonably likely to preclude any other party from making a competing alternative acquisition proposal;", "offset": 193748 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "… holdback payments, contingency payments, installment payments, seller notes, post-closing true-up obligations or similar liabilities), in each case, calculated as the maximum amount payable under or pursuant to such obligations and (h) all outstanding pre-payment premium obligations of the Acquired Companies, if any, and accrued interest, fees and expenses related to any of the items set forth …", "offset": 466629 } }, "rwi": { "present": true, "excerpt": { "text": "Representatives of Bass Berry identified areas of the Kirkland markup that could be revised to make Ares' bid more compelling from our Board's perspective, including, but not limited to, assurances that Kirkland would complete any due diligence necessary to obtain a representation and warranty insurance policy (\"RWI Policy\") prior to signing the transaction and that signing the transaction would …", "offset": 173447 } }, "goShop": { "present": true, "windowDays": null, "excerpt": { "text": "The Party C Proposal requested a period of exclusive negotiation, and provided that Party C was open to the inclusion of a 30-day \"go-shop\" period to facilitate third party proposals following signing of a definitive acquisition agreement with Party C.", "offset": 156638 } }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "For additional information, including information regarding other interests our trustees and executive officers have in the Mergers that are different from yours, see the section entitled \" The Mergers-Interests of Our Trustees and Executive Officers in the Mergers .\" Financing of the Mergers (page 57) The Mergers are not conditioned on any financing arrangements or contingencies.", "offset": 46280 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Conditions to the Mergers (page 93) The respective obligations of each party to the Merger Agreement to effect the Mergers are subject to the fulfillment (or waiver by us or Parent, to the extent permissible under applicable law) at or prior to the closing of the following conditions: (1) we will have obtained the Company Shareholder Approval;", "offset": 60199 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…rim operating covenants, revising the Company Material Adverse Effect definition, increasing the parent termination fee, modifying the terms of the requested tax opinion, increasing the effort standard to resolve any legal proceedings, modifying terms and conditions of the non-solicitation restrictions, and certain limitations on our obligations to assist with Ares' procurement of debt financing.", "offset": 176117 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 976485563, "sharesOutstanding": 51393977, "annualRevenueUsd": 160859000, "revenueFiscalYear": 2025, "basis": "implied-equity-value", "screenedValueUsd": 976485563 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.6866904503328537, "terminationFeePctBasis": "implied" }, { "adsh": "0001193125-26-247246", "cik": "0001823406", "target": "Affinity Bancshares, Inc.", "form": "DEFM14A", "fileDate": "2026-05-29", "url": "https://www.sec.gov/Archives/edgar/data/1823406/000119312526247246/d123900ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 23, "exchangeRatio": null, "excerpt": { "text": "If the holding company merger is completed, your shares of Company common stock will be converted into the right to receive $23.00 in cash for each share, subject to downward adjustment based on the Company's stockholders' equity at the closing of the mergers relative to the Company's stockholders' equity as of February 28, 2026, as discussed in the accompanying proxy statement.", "offset": 3592 } }, "terminationFee": { "present": true, "amountUsd": 5500000, "excerpt": { "text": "Termination Fees The Company must pay a cash termination fee in the amount of $5.5 million if it terminates the merger agreement because it has entered into another acquisition agreement with a third party in response to a superior proposal, or if it enters into an acquisition agreement with a third party within 12 months following the termination of the merger agreement under certain circumstanc…", "offset": 62219 } }, "dealValueUsd": { "present": true, "amountUsd": 142800000, "excerpt": { "text": "Performance Trust calculated an aggregate implied transaction value of approximately $142.8 million and an implied purchase price per share of $23.00 based on the Company's total shares outstanding of 6,094,885, excluding an additional 167,700 shares to be cancelled in connection with the termination of the Affinity Bank Employee Stock Ownership Plan (\"ESOP\") and repayment of the related ESOP loa…", "offset": 135757 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": false, "excerpt": null }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": false, "excerpt": null }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…or waived, or that the mergers will be consummated. 13 Table of Contents Termination The merger agreement may be terminated and the mergers may be abandoned at any time before the effective time of the mergers, whether before or after the adoption of the merger agreement by the Company's stockholders, under the following circumstances: • by mutual written consent of the Company and Fidelity Bank;", "offset": 60518 } }, "materialAdverseEffect": { "present": false, "excerpt": null } } }, "size": { "dealValueUsd": 142800000, "impliedEquityValueUsd": 140182355, "sharesOutstanding": 6094885, "annualRevenueUsd": null, "revenueFiscalYear": null, "basis": "deal-value", "screenedValueUsd": 142800000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.8515406162464987, "terminationFeePctBasis": "stated" }, { "adsh": "0001193125-26-256370", "cik": "0001169445", "target": "TruBridge, Inc.", "form": "DEFM14A", "fileDate": "2026-06-04", "url": "https://www.sec.gov/Archives/edgar/data/1169445/000119312526256370/d12788ddefm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 26.25, "exchangeRatio": null, "excerpt": { "text": "If the Merger is completed, our holders of Common Stock will have the right to receive $26.25 in cash, without interest and subject to any applicable withholding taxes, for each share of Common Stock, other than Excluded Shares (as defined in the accompanying proxy statement), that they own immediately prior to the Effective Time (the \"Effective Time\").", "offset": 3586 } }, "terminationFee": { "present": true, "amountUsd": null, "excerpt": null }, "dealValueUsd": { "present": true, "amountUsd": 609000000, "excerpt": { "text": "The January 28 IKS Offer also stated that the enterprise value of $609 million equated to a price of $27.72 per share, but the final per share price would be determined at the time the Merger Agreement was signed, and that, based on the contemplated structure, TopCo shareholder approval would be required for the transactions;", "offset": 187485 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "…complete the Merger until the expiration of the statutory waiting period (and any extensions thereof) applicable to the consummation of the transactions contemplated by the Merger Agreement under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the \"HSR Act\") and, if applicable, until any contractual waiting periods under certain timing agreements have expired or been earlier terminated.", "offset": 58348 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "The Board considered that the Merger is not subject to a financing condition and that IKS represented to TruBridge in the Merger Agreement that it will have sufficient financial resources at the Closing, including pursuant to the Debt Financing Letters, to pay the aggregate Per Share Merger Consideration and the other amounts required to be paid by IKS -56- Table of Contents in connection with th…", "offset": 242281 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "Because the Merger is subject to a number of conditions, including the receipt of stockholder approval of the Merger Proposal and the expiration or termination of the waiting period under the HSR Act, the exact timing of consummation of the Merger cannot be determined at this time and we cannot guarantee that the Merger will be completed in the expected time frame or at all.", "offset": 111947 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "…on entitled \"The Merger Agreement-Representations and Warranties,\" beginning on page 91 of this proxy statement) constituting a Company Material Adverse Effect (as defined in the section entitled \"The Merger Agreement-Representations and Warranties,\" beginning on page 91 of this proxy statement) must be true and correct in all respects as of the date of the Merger Agreement and as of the Closing;", "offset": 75276 } } } }, "size": { "dealValueUsd": 609000000, "impliedEquityValueUsd": 393727320, "sharesOutstanding": 14999136, "annualRevenueUsd": 346836000, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 609000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": null, "terminationFeePctBasis": null }, { "adsh": "0001104659-26-071107", "cik": "0001434868", "target": "Esperion Therapeutics, Inc.", "form": "DEFM14A", "fileDate": "2026-06-08", "url": "https://www.sec.gov/Archives/edgar/data/1434868/000110465926071107/tm2615754-2_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 3.16, "exchangeRatio": null, "excerpt": { "text": "\" Q: As a holder of Company common stock, what will I receive in the merger? ​ A: If the merger is consummated, you will be entitled to receive (a) the per share cash consideration of $3.16, plus (b) one CVR, in each case, without interest and subject to any applicable withholding taxes, for each share of Company common stock that you own immediately prior to the effective time.", "offset": 75382 } }, "terminationFee": { "present": true, "amountUsd": 34154539, "excerpt": { "text": "… Company termination fee of $34,154,539 if: • the Company or Parent terminates the merger agreement pursuant to the provisions described in the first or third bullet described above in the section entitled \"- Termination of the Merger Agreement - Termination by Either the Company or Parent \" or the first bullet described above in the section entitled \"- Termination of the Merger Agreement - Term…", "offset": 70173 } }, "dealValueUsd": { "present": true, "amountUsd": 395000000, "excerpt": { "text": "It was noted that the July 17 th proposal implied an aggregate equity value for the Company (assuming maximum payout of the proposed contingent milestone payment) of approximately $470 million, with an aggregate upfront equity value of approximately $395 million, and an implied aggregate transaction value on the same basis of approximately $726 million.", "offset": 168408 } }, "escrow": { "present": false, "amountUsd": null, "excerpt": null }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Regulatory Approvals in Connection with the Merger (page 88 ) The consummation of the merger is subject to the requirements of and review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the rules and regulations promulgated thereunder (the \"HSR Act\") and the rules promulgated by the Federal Trade Commission (\"FTC\").", "offset": 45859 } }, "cfius": { "present": false, "excerpt": null }, "noFinancingCondition": { "present": true, "excerpt": { "text": "For more information, please see the section of this proxy statement entitled \" The Merger Agreement - Termination Fees \". 4 TABLE OF CONTENTS ​ ​ ​ Financing of the Merger (page 71 ) The consummation of the merger transactions is not conditioned on Parent's receipt of any financing.", "offset": 36718 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…this right to terminate if Parent's or MergerCo's representations and warranties are untrue or incorrect or Parent or MergerCo is then in breach of any of its covenants or agreements under the merger agreement, in each case, such as would give rise to the failure of the conditions set forth under the seventh and eighth bullets described above in the section entitled \"- Conditions to the Merger\" ;", "offset": 66028 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "… do business and is in good standing in each jurisdiction in which the nature of the business now being conducted by it or the character or location of the properties and assets owned or leased by it makes such licensing or qualification necessary, except where the failure to be so licensed, qualified or in good standing would not, individually or in the aggregate, have a Material Adverse Effect.", "offset": 622748 } } } }, "size": { "dealValueUsd": 395000000, "impliedEquityValueUsd": 813484936.72, "sharesOutstanding": 257431942, "annualRevenueUsd": 403135000, "revenueFiscalYear": 2025, "basis": "deal-value", "screenedValueUsd": 395000000 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 8.646718734177215, "terminationFeePctBasis": "stated" }, { "adsh": "0001140361-26-025086", "cik": "0001855457", "target": "KORE Group Holdings, Inc.", "form": "DEFM14A", "fileDate": "2026-06-12", "url": "https://www.sec.gov/Archives/edgar/data/1855457/000114036126025086/ny20068726x6_defm14a.htm", "parsed": { "blankCheck": { "present": false, "excerpt": null }, "consideration": { "type": "all-cash", "cashPerShareUsd": 9.25, "exchangeRatio": null, "excerpt": { "text": "If the merger is consummated, you will be entitled to receive $9.25 in cash, without interest and subject to any applicable tax withholding, in exchange for each share of Company common stock you own at the effective time of the merger (unless you have properly and validly exercised and do not withdraw or otherwise lose your appraisal rights under Section 262 of the Delaware General Corporation L…", "offset": 3441 } }, "terminationFee": { "present": true, "amountUsd": 12000000, "excerpt": { "text": "… pay the Company a termination fee of $12 million under certain circumstances following termination of the merger agreement, including if the merger agreement is terminated by the Company as a result of a terminable breach by Parent (as further described in this proxy statement under the section entitled \" The Merger Agreement - Termination Fees .\" • The Company's stockholders and beneficial own…", "offset": 191506 } }, "dealValueUsd": { "present": false, "amountUsd": null, "excerpt": null }, "escrow": { "present": true, "amountUsd": null, "excerpt": { "text": "Notwithstanding the forgoing: (i) the effectiveness of documents or certificates in connection with such financing arrangements shall be conditioned upon the occurrence of the Closing and any execution of such documents prior to the Effective Time shall be held in escrow until the occurrence of the Effective Time and the Company's authorization to release such executed documents from escrow and (…", "offset": 868664 } }, "rwi": { "present": false, "excerpt": null }, "goShop": { "present": false, "windowDays": null, "excerpt": null }, "conditions": { "hsr": { "present": true, "excerpt": { "text": "Consummation of the merger is subject to the requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the \"HSR Act\") and the rules promulgated by the Federal Trade Commission (the \"FTC\"), which prevent transactions such as the merger from being consummated until (i) Notification and Report Forms are filed with the Department of Justice (the \"DOJ\") and FTC and (ii) the…", "offset": 47963 } }, "cfius": { "present": true, "excerpt": { "text": "The HSR waiting period was earlier terminated on April 15, 2026; the Australia approval was waived by the Australian Competition and Consumer Commission (\"ACCC\") on April 22, 2026. 5 TABLE OF CONTENTS Consummation of the merger is also subject to receipt of approval from the Committee on Foreign Investment in the United States (\"CFIUS\"), which, pursuant to Section 721 of title VII of the Defense …", "offset": 48808 } }, "noFinancingCondition": { "present": true, "excerpt": { "text": "Financing of the Merger (page 66 ) The consummation of the merger is not conditioned on Parent's receipt of any financing.", "offset": 37979 } }, "majorityOfMinority": { "present": false, "excerpt": null }, "shareholderApproval": { "present": true, "excerpt": { "text": "…ve the execution and delivery of the merger agreement and the related transaction documents, the performance by the Company of its covenants and other obligations contained therein, and the consummation of the merger and the other transactions upon the terms and subject to the conditions contained therein, including approval and adoption of the merger agreement by the stockholders of the Company;", "offset": 5482 } }, "materialAdverseEffect": { "present": true, "excerpt": { "text": "(4) since February 26, 2026, no Material Adverse Effect having occurred;", "offset": 345964 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 162687621.75, "sharesOutstanding": 17587851, "annualRevenueUsd": 285945000, "revenueFiscalYear": 2025, "basis": "implied-equity-value", "screenedValueUsd": 162687621.75 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 7.376098974782634, "terminationFeePctBasis": "implied" }, { "adsh": "0001140361-26-026456", "cik": "0000351789", "target": "ELECTRO SENSORS INC", "form": "DEFM14A", "fileDate": "2026-06-26", "url": 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"excerpt": { "text": "…f completion of the ESOP Vote and delivery of the ESOP Determination, the exercise of statutory dissenters' rights by holders of more than ten percent (10%) of the outstanding shares of Common Stock, the occurrence of a Company Material Adverse Effect, the failure of the Voting Agreements to remain in full force and effect, or the failure to satisfy other conditions to consummation of the Merger;", "offset": 61476 } } } }, "size": { "dealValueUsd": null, "impliedEquityValueUsd": 27376278.25, "sharesOutstanding": 3532423, "annualRevenueUsd": 10142000, "revenueFiscalYear": 2025, "basis": "implied-equity-value", "screenedValueUsd": 27376278.25 }, "inUniverse": true, "exclusionReason": null, "terminationFeePctOfDealValue": 3.6527974725709838, "terminationFeePctBasis": "implied" } ], "excluded": [ { "adsh": "0001193125-24-175616", "cik": "0000920112", "target": "HEARTLAND FINANCIAL USA INC", "url": 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facts" }, { "adsh": "0001437749-24-026948", "cik": "0001253176", "target": "VAPOTHERM INC", "url": "https://www.sec.gov/Archives/edgar/data/1253176/000143774924026948/vapo20240809_defm14a.htm", "exclusionReason": "blank-check / de-SPAC business combination, not operating M&A" }, { "adsh": "0001493152-24-032955", "cik": "0001858028", "target": "Nova Vision Acquisition Corp", "url": "https://www.sec.gov/Archives/edgar/data/1858028/000149315224032955/formdefm14a.htm", "exclusionReason": "blank-check / de-SPAC business combination, not operating M&A" }, { "adsh": "0001193125-24-204422", "cik": "0001138639", "target": "Infinera Corp", "url": "https://www.sec.gov/Archives/edgar/data/1138639/000119312524204422/d869482ddefm14a.htm", "exclusionReason": "no transaction value stated in the filing and none implied by XBRL facts" }, { "adsh": "0001140361-24-038138", "cik": "0001496963", "target": "Squarespace, Inc.", "url": 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combination, not operating M&A" }, { "adsh": "0001140361-24-040745", "cik": "0001847577", "target": "Learn CW Investment Corp", "url": "https://www.sec.gov/Archives/edgar/data/1847577/000114036124040745/ny20012992x34_defm14a.htm", "exclusionReason": "blank-check / de-SPAC business combination, not operating M&A" }, { "adsh": "0001104659-24-099971", "cik": "0001668673", "target": "PetIQ, Inc.", "url": "https://www.sec.gov/Archives/edgar/data/1668673/000110465924099971/tm2422180-3_defm14a.htm", "exclusionReason": "no transaction value stated in the filing and none implied by XBRL facts" }, { "adsh": "0001140361-24-041168", "cik": "0000944480", "target": "GSE SYSTEMS INC", "url": "https://www.sec.gov/Archives/edgar/data/944480/000114036124041168/ny20032892x3_defm14a.htm", "exclusionReason": "implied equity value outside the middle-market band" }, { "adsh": "0001104659-24-100688", "cik": "0001816233", "target": "Sharecare, Inc.", "url": 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transaction value stated in the filing and none implied by XBRL facts" }, { "adsh": "0001193125-24-232547", "cik": "0001318568", "target": "Everi Holdings Inc.", "url": "https://www.sec.gov/Archives/edgar/data/1318568/000119312524232547/d844462ddefm14a.htm", "exclusionReason": "stated transaction value outside the middle-market band" }, { "adsh": "0001193125-24-232740", "cik": "0001835512", "target": "Terran Orbital Corp", "url": "https://www.sec.gov/Archives/edgar/data/1835512/000119312524232740/d887705ddefm14a.htm", "exclusionReason": "blank-check / de-SPAC business combination, not operating M&A" }, { "adsh": "0001140361-24-042935", "cik": "0000884713", "target": "Primo Water Corp /CN/", "url": "https://www.sec.gov/Archives/edgar/data/884713/000114036124042935/ny20033475x5_defm14a.htm", "exclusionReason": "no transaction value stated in the filing and none implied by XBRL facts" }, { "adsh": "0001140361-24-042981", "cik": "0000020520", "target": "Frontier Communications Parent, 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none implied by XBRL facts" }, { "adsh": "0001628280-24-042720", "cik": "0001781870", "target": "New Mountain Guardian III BDC, L.L.C.", "url": "https://www.sec.gov/Archives/edgar/data/1781870/000162828024042720/newmountaingiiibdc-proxyst.htm", "exclusionReason": "no transaction value stated in the filing and none implied by XBRL facts" }, { "adsh": "0001193125-24-238130", "cik": "0001910851", "target": "R1 RCM Inc. /DE", "url": "https://www.sec.gov/Archives/edgar/data/1910851/000119312524238130/d837225ddefm14a.htm", "exclusionReason": "no transaction value stated in the filing and none implied by XBRL facts" }, { "adsh": "0001437749-24-031358", "cik": "0001389545", "target": "NovaBay Pharmaceuticals, Inc.", "url": "https://www.sec.gov/Archives/edgar/data/1389545/000143774924031358/nby20241012_defm14a.htm", "exclusionReason": "no transaction value stated in the filing and none implied by XBRL facts" }, { "adsh": "0001213900-24-088313", "cik": "0001747079", "target": "Bally's Corp", 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implied by XBRL facts" }, { "adsh": "0001193125-24-244395", "cik": "0001293282", "target": "TechTarget Inc", "url": "https://www.sec.gov/Archives/edgar/data/1293282/000119312524244395/d902723ddefm14a.htm", "exclusionReason": "implied equity value outside the middle-market band" }, { "adsh": "0001140361-24-044797", "cik": "0001454938", "target": "Outbrain Inc.", "url": "https://www.sec.gov/Archives/edgar/data/1454938/000114036124044797/ny20036117x2_defm14a.htm", "exclusionReason": "no transaction value stated in the filing and none implied by XBRL facts" }, { "adsh": "0001213900-24-092761", "cik": "0002024218", "target": "Summit Midstream Corp", "url": "https://www.sec.gov/Archives/edgar/data/2024218/000121390024092761/ea0217732-02.htm", "exclusionReason": "no transaction value stated in the filing and none implied by XBRL facts" }, { "adsh": "0001628280-24-044846", "cik": "0001366561", "target": "SMARTSHEET INC", "url": 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