Company: SWKH
Filing Date: 2025-10-10
Form Type: 425
Source: 0001552781-25-000322
Chunk: 5

Company: SWK Holdings Corp
Filing Date: 2025-10-10
Form: 425
Chunk 5
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 for the Company Stockholders’
Meeting, which Form of Election shall be used by each holder of Company Common Stock who wishes to elect to receive the Per Share Cash
Consideration for any or all shares of Company Common Stock held by such holder. In addition, the Company shall use its reasonable best
efforts to make the Form of Election and the Proxy Statement available to all persons who become holders of Company Common Stock during
the period between such record date and the Company Stockholders’ Meeting, provided, that the Proxy Statement may be made available
to such holders over the Internet. Any such holder's Election to receive the Per Share Cash Consideration will be properly made only if
the exchange agent has received at the exchange agent’s designated mailing address, by 5:00 p.m., New York City time, no later than
the business day that is five (5) business days preceding the Closing Date, or such other date as mutually agreed to by the Company and
Parent, a Form of Election properly completed for a specified number of shares of Company Common Stock held by such holder and signed
and accompanied by (if such shares are not book-entry shares) the stock certificate or certificates to which such Form of Election relates,
duly endorsed in blank or otherwise in form acceptable for transfer on the books of the Company (or by an appropriate guarantee of delivery
of such certificate or certificates as set forth in such Form of Election from a firm which is a member of a registered national securities
exchange or of the Financial Industry Regulatory Authority, Inc. or a commercial bank of trust company having an office or correspondent
in the United States, provided such certificates are in fact delivered to the exchange agent within three (3) trading days after the date
of execution of such guarantee of delivery).

Representations, Warranties and Covenants

The Merger Agreement contains customary representations
and warranties of the Company, Parent and Parent External Adviser. Additionally, the Merger Agreement contains customary pre-closing covenants,
including covenants requiring each of the Company and Parent (i) to use reasonable best efforts to cause the consummation of the transactions
contemplated by the Merger Agreement, (ii) to conduct its business in the ordinary course and (iii) to refrain from taking certain actions
prior to the consummation of the Mergers without the other party’s consent (which consent shall not be unreasonably withheld, delayed
or conditioned).

The Merger Agreement contains “no-shop”
provisions