Weave Communications, Inc. announced that its stockholders have approved the proposed acquisition of the company by an affiliate of Francisco Partners Management, L.P. The approval was granted during a special meeting of stockholders held on October 22, 2026, clearing a key condition for the merger to proceed.
Key Details
- Transaction: The approved proposal is for the adoption of the Agreement and Plan of Merger, dated August 18, 2026, under which Weave will be acquired by Willow Parent, LLC, an affiliate of Francisco Partners.
- Voting Results: The merger agreement was approved with 58,845,446 votes for, 2,324,059 against, and 42,770 abstentions.
- Stockholder Turnout: A quorum was met with approximately 76.1% of outstanding shares represented at the special meeting. The company will become a wholly owned subsidiary of the acquirer upon completion of the merger.