Company: SWKH
Filing Date: 2025-10-10
Form Type: 425
Source: 0001104659-25-098795
Chunk: 0

Company: SWK Holdings Corp
Filing Date: 2025-10-10
Form: 425
Chunk 0
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Filed by Runway Growth Finance Corp.
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed under Rule 14a-12 of the Securities Exchange Act of 1934
Subject Company: SWK Holdings Corporation
Commission File No. 001-39184

On October 10, 2025, Runway Growth Finance Corp. (“RWAY”) and SWK Holdings Corporation (“SWK Holdings”) held a joint conference call to discuss SWK Holdings' proposed merger with and into RWAY and other related matters, a transcript of which follows:

Overview of Proposed Acquisition of SWK Holdings

Call Transcript

October 10, 2025

NASDAQ Listed I RWAY I RWAYL I RWAYZ

Call Participants

| § | David                                                            
 Spreng, Chief Executive Officer                                  |
| § | Greg                                                             
 Greifeld, Chief Investment Officer                               |
| § | Thomas                                                           
 B. Raterman, Chief Financial Officer and Chief Operating Officer |
| § | Jody                                                             
 Staggs, President and Chief Executive Officer of SWK Holdings    |

Operator

Ladies and gentlemen, thank you for standing by. Please be advised that today's conference is being recorded. I would now like to hand the conference over to Quinlan Abel, Assistant Vice President, Investor Relations. Please go ahead.

Forward-Looking Statements

Thank you, Operator. Good morning, everyone.

Joining us on the call today from Runway Growth Finance are David Spreng, Chief Executive Officer; Greg Greifeld, Chief Investment Officer of Runway Growth Capital LLC, our investment adviser; and Tom Raterman, Chief Financial Officer and Chief Operating Officer. We also welcome Jody Staggs, President and CEO of SWK Holdings, to the call.

During this call, I want to remind you that we may make forward-looking statements based on current expectations. The statements on this call that are not purely historical are forward-looking statements. These forward-looking statements are not a guarantee of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements, including, without limitation, the ability of the parties to consummate the merger on the expected timeline (if at all), the expected synergies and savings associated with the merger, the ability to realize the anticipated benefits of the merger, the impact of the merger on the trading of Runway’s shares post-closing, the future operating results and net