ULTRALIFE CORP (ULBI) Form 8-K — Oct 28, 2026
Ultralife Corporation has agreed to be acquired by EnerSys in a two-step transaction consisting of an all-cash tender offer at $16.00 per share followed by a merger under DGCL Section 251(h). The tender offer will commence within 10 business days and expire 25 business days after commencement, subject to a minimum tender condition of a majority of shares plus HSR and UK NSIA clearance. No financing condition applies, and the deal is backstopped by a tender and support agreement covering approximately 40.3% of outstanding shares held by certain stockholders. The Ultralife board unanimously approved the transaction and recommends stockholders tender.
Key figures
- Offering Price
- 16
- Outside Date
- April 27, 2027
- Termination Fee
- 10300000
- Restricted Shares
- 29543
- Options Outstanding
- 845072
- Reverse Termination Fee
- 10300000
- Support Agreement Percent
- 40.3%
- Weighted Avg Option Exercise Price
- 6.78
- Shares Outstanding Measurement Date
- 16664312
AI analysis
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