Company: SWKH
Filing Date: 2025-12-04
Form Type: 425
Source: 0001552781-25-000440
Chunk: 1

Company: SWK Holdings Corp
Filing Date: 2025-12-04
Form: 425
Chunk 1
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240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

| Item 8.01 | Other Events. |

As previously disclosed, on October
9, 2025, SWK Holdings Corporation, a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the
“Merger Agreement”) with Runway Growth Finance Corp., a Maryland corporation (“Parent”), RWAY Portfolio Holding
Corp., a Delaware corporation and a direct wholly owned subsidiary of Parent (“Intermediary Sub”), RWAY Portfolio Corp., a
Delaware corporation and a direct wholly owned subsidiary of Intermediary Sub (“Acquisition Sub”), and Runway Growth Capital
LLC, a Delaware limited liability company pursuant to which, subject to the terms and conditions therein, the Company will merge with
and into Parent through a series of mergers (the “Transaction”).

On December 2, 2025, the Bureau
of Competition of the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended with respect to the Transaction, satisfying one of the conditions to the consummation of the Transaction
(the “Closing”).

The Closing remains subject to certain other customary
closing conditions, including the adoption of the Merger Agreement by the Company’s stockholders. Completion of the Mergers is expected
to occur in the first quarter of 2026.

Forward-Looking Statements

Some of the statements in this document constitute
forward-looking statements because they relate to future events, future performance or financial condition. The forward-looking statements
may include statements as to future operating results of Parent and the Company, and distribution projections; business prospects of Parent
and the Company, and the prospects of their portfolio companies; and the impact of the investments that Parent and the Company expect
to make. In addition, words such as “anticipate,” “believe,” “expect,” “seek,” “plan,”
“should,” “estimate,” “project” and “intend” indicate forward-looking statements, although
not all forward-looking statements include these words. The forward-looking statements contained in this document involve risks and uncertainties.
Certain factors could