Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 498

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 498
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 (inclusive of approximately $25,800 of cash on the balance sheet of Sequence) and approximately $34,702 in the form of approximately 7,996 newly issued shares of Company common stock (valued at $4.34 per share), in each case, paid on or promptly following the Closing Date, (ii) $16,000 in cash paid on April 10, 2024, and (iii) $16,000 in cash to be paid on April 10, 2025, in each case, subject to the adjustments and deductions set forth in the Merger Agreement.

F-21

WW INTERNATIONAL, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (IN THOUSANDS, EXCEPT PER SHARE AND PER UNIT AMOUNTS)  

The following table shows the purchase price allocation for Sequence to the acquired identifiable assets, liabilities assumed and goodwill:

        Total consideration:

        Cash paid at closing
         
        $
        64,217

        Cash paid on April 10, 2024

        16,000

        Cash to be paid on April 10, 2025 (1)

        12,420

        Total cash payments

        $
        92,637

        Less stock-based compensation expense attributable to post combination vesting

        (3,882
        )

        Common shares issued

        7,996

        Stock price as of April 10, 2023 (2)
         
        $
        4.12

        Total stock issuance purchase price (2)

        32,943

        Aggregated merger consideration

        $
        121,698

        Assets acquired:

        Cash
         
        $
        25,776

        Prepaid expenses and other current assets

        2,220

        Property, plant and equipment

        34

        Intangible assets

        7,222

        Total assets acquired

        35,252

        Liabilities assumed:

        Accounts payable
         
        $
        70

        Accrued liabilities

        14

        Deferred revenue

        1,300

        Deferred tax liability

        1,912

        Total liabilities assumed

        3,296

        Net assets acquired

        31,956

        Total goodwill

        $
        89,742

       (1)Reflects $16,000 of cash payable on April