SMITH & WESSON BRANDS, INC. (SWBI) Form 8-K — Oct 21, 2026
Smith & Wesson Brands completed its acquisition of firearms maker Savage (Long Range Intermediate LLC) on October 21, 2026, in a stock-and-cash transaction with an adjusted value of approximately $164.9 million, structured as a tax-free reorganization under Section 368(a). Consideration consisted of $42.4 million in cash plus 8,993,968 SWBI shares issued to the Seller (Savarms, L.P., a JDH Capital vehicle), with the share issuance capped at 19.99% of shares outstanding at a reference price of $13.62 per share based on a 45-day VWAP. Amounts remain subject to a customary post-closing cash adjustment.
Key figures
- Cash Position
- 0
- Deal Value Usd
- 164900000
- Gross Proceeds
- 0
- Cash paid to seller
- $42.4 million
- Base transaction value
- $160.0 million
- Reference price method
- 45-day VWAP on Nasdaq ending three trading days before closing
- Shares issued to seller
- 8993968
- Reference price per share
- 13.62
- Share issuance percent of outstanding
- 19.99%
AI analysis
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