Company: SWKH
Filing Date: 2025-10-10
Form Type: 425
Source: 0001552781-25-000321
Chunk: 1

Company: SWK Holdings Corp
Filing Date: 2025-10-10
Form: 425
Chunk 1
---
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. |

On October 9, 2025, SWK Holdings Corporation, a Delaware
corporation (the “Company”) and Runway Growth Finance Corp., a Maryland corporation (“Parent”) issued a joint
press release announcing the entry into a definitive merger agreement under which (i) RWAY Portfolio Corp., a Delaware corporation and
an indirect wholly-owned subsidiary of Parent (“Acquisition Sub”) will merge with and into the Company, with the Company continuing
as the surviving company and as a wholly-owned subsidiary of RWAY Portfolio Holding Corp., a Delaware corporation and an indirect wholly-owned
subsidiary of Parent (“Intermediary Sub”), or, in the alternative, the Company will merge with and into Acquisition Sub, with
Acquisition Sub continuing as the surviving company and as a wholly-owned subsidiary of Intermediary Sub (in either case, the “First
Merger”), (ii) immediately after the effectiveness of the First Merger, the Company or Acquisition Sub, as applicable, will merge
with and into Intermediary Sub, with Intermediary Sub continuing as the surviving company and as a wholly-owned subsidiary of Parent (the
“Second Merger”), and (iii) immediately after the effectiveness of the Second Merger, Intermediary Sub will merge with and
into Parent, with Parent continuing as the surviving corporation. A copy of the joint press release is furnished as Exhibit 99.1 to this
report and is incorporated herein by reference.

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