Company: PTC
Filing Date: 2025-11-05
Form Type: 8-K
Source: 0001193125-25-267120
Chunk: 1

Company: PTC INC.
Filing Date: 2025-11-05
Form: 8-K
Item: Item 1.01
Chunk 1
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 the date on which the closing conditions are satisfied or waived (other than those conditions that are to be satisfied by action taken at the Closing); provided that either party may cause the Closing to be delayed until the last day of a calendar month in certain circumstances. The Closing is not subject to a financing condition or to the approval of PTC’s shareholders.

The Purchase Agreement contains termination rights for each of PTC and Purchaser, including the right for either party to terminate the Purchase Agreement if the transactions contemplated by the Purchase Agreement have not been completed by August 5, 2026 (the “ Outside Date”), provided, however, that (i) if, on the Outside Date, certain required regulatory approvals have not been satisfied but all other conditions to closing (other than conditions which by their nature are to be satisfied at the closing) have been satisfied or waived, the Outside Date will be automatically extended to November 5, 2026. The right to terminate the Purchase Agreement at the Outside Date will not be available to a party if the failure of the Closing to have been consummated on or before such date was primarily caused by the failure of such party to perform any of its obligations under the Purchase Agreement.

The Purchase Agreement contains customary representations and warranties and PTC and the Purchaser have agreed to customary covenants relating to the sale of the Business. From the date of the Purchase Agreement until the Closing, PTC is required to use reasonable best efforts to conduct the Business in the ordinary course of business, and to comply with certain covenants regarding the operation of the Business. For three years following the Closing, neither PTC nor any of its subsidiaries will engage in certain specified competitive businesses as provided in the Purchase Agreement, subject to certain exceptions.

Subject to certain limitations, PTC and Purchaser have agreed to indemnify each other for losses arising from certain breaches of the Purchase Agreement following the Closing and certain other liabilities.

The foregoing description of the Purchase Agreement, and the transactions contemplated thereby, including the sale of the Business, does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Purchase Agreement, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

The Purchase Agreement governs the contractual rights between the parties in relation to the sale of the Business. The Purchase Agreement has been filed as an exhibit to this Current Report on Form 8-K to provide investors with information regarding the terms of the Purchase Agreement and is not intended to provide, modify