Company: TENB
Filing Date: 2025-02-07
Form Type: 8-K
Source: 0001660280-25-000013
Chunk: 1

Company: Tenable Holdings, Inc.
Filing Date: 2025-02-07
Form: 8-K
Item: Item 8.01
Chunk 1
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Item 8.01 Other Events.

OnFebruary 7, 2025, Ermetic Ltd., a company organized under the laws of the State of Israel (“ Purchaser”) and an indirect, wholly owned subsidiary of Tenable, completed its previously announced acquisition (the “ Acquisition”) of Vulcan Cyber Ltd., a company organized under the laws of the State of Israel (“ Vulcan Cyber”). The Acquisition was effectuated pursuant to a Share Purchase Agreement, dated as of January 29, 2025 (the “ SPA”) by and among Purchaser, Vulcan Cyber, each of the shareholders of Vulcan Cyber identified in the SPA or joined to the SPA pursuant to a joinder agreement (collectively, the “ Sellers”), Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as the representative, agent and attorney-in-fact of the indemnitors under the SPA, and Tenable, Inc., a Delaware corporation and a wholly owned subsidiary of Tenable, solely for the purposes of Section 12.2 of the SPA. Under the terms of the SPA, the Purchaser acquired all of the outstanding share capital of Vulcan Cyber from the Sellers for approximately $148 million in cash and $2 million in Tenable restricted stock units, subject to certain customary purchase price adjustments as set forth in the SPA.

The foregoing description of the SPA and the Acquisition does not purport to be complete and is qualified in its entirety by reference to the SPA, which was filed as Exhibit 2.1 to Tenable’s Current Report on Form 8-K filed with the Securities and Exchange Commission on January 29, 2025 and is incorporated into this report by reference.

Item 9.01 Financial Statements and Exhibits.