Company: SWKH
Filing Date: 2025-10-10
Form Type: 425
Source: 0001552781-25-000322
Chunk: 11

Company: SWK Holdings Corp
Filing Date: 2025-10-10
Form: 425
Chunk 11
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 and executive officers of the Company is set forth in the proxy statement for its 2025 Annual Meeting
of Stockholders, which was filed with the SEC on April 29, 2025, as revised on April 30, 2025. Information regarding the persons who may,
under the rules of the SEC, be considered participants in the solicitation of the Parent and the Company stockholders in connection with
the proposed transaction will be contained in the Registration Statement, including the Proxy Statement included therein, and other relevant
materials when such documents become available. These documents may be obtained free of charge from the sources indicated above.

No Offer or Solicitation

This document is not, and under no circumstances is
it to be construed as, a prospectus or an advertisement and the communication of this document is not, and under no circumstances is it
to be construed as, an offer to sell or a solicitation of an offer to purchase any securities in Parent or the Company or in any fund
or other investment vehicle managed by BC Partners Advisors L.P. or any of its affiliates.

| Item 9.01 | Financial Statements and Exhibits. |

| (d) | The following exhibits are filed with this report: |

| Exhibit No. 
 2.1*        
 99.1        | Description                                                                                                                                                                                                                                      
 Agreement and Plan of Merger, dated as of October 9, 2025, by and among SWK Holdings Corporation, Runway Growth Finance Corp., RWAY Portfolio Holding Corp., RWAY Portfolio Corp. and Runway Growth Capital LLC                                  
 Key Stockholder Agreement, dated as of October 9, 2025, by and among Runway Growth Finance Corp., Double Black Diamond Offshore Ltd. and Black Diamond Offshore Ltd.                                                                             |
|:------------|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 104         | Cover Page Interactive Date File (embedded within the Inline XBRL document)                                                                                                                                                                      |
| *           | All schedules to the Merger Agreement have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The Company hereby agrees to furnish supplementally a copy of any omitted schedule to the Securities and Exchange Commission upon request. |

<div align='center'>SIGNATURES</div>

Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

| SWK HOLDINGS CORPORATION |                                       |
| By: