Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 420

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 9C
Chunk 420
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 identifiable assets, liabilities assumed and goodwill:

        Total consideration:

        Cash paid at closing
         
        $
        64,217

        Cash paid on April 10, 2024

        16,000

        Cash to be paid on April 10, 2025 (1)

        12,420

        Total cash payments

        $
        92,637

        Less stock-based compensation expense attributable to post combination vesting

        (3,882
        )

        Common shares issued

        7,996

        Stock price as of April 10, 2023 (2)
         
        $
        4.12

        Total stock issuance purchase price (2)

        32,943

        Aggregated merger consideration

        $
        121,698

        Assets acquired:

        Cash
         
        $
        25,776

        Prepaid expenses and other current assets

        2,220

        Property, plant and equipment

        34

        Intangible assets

        7,222

        Total assets acquired

        35,252

        Liabilities assumed:

        Accounts payable
         
        $
        70

        Accrued liabilities

        14

        Deferred revenue

        1,300

        Deferred tax liability

        1,912

        Total liabilities assumed

        3,296

        Net assets acquired

        31,956

        Total goodwill

        $
        89,742

       (1)Reflects $16,000 of cash payable on April 10, 2025 as Merger Consideration discounted using the Company's weighted average cost of debt.(2)Represents the fair value of the shares transferred to the sellers as Merger Consideration, based on the number of shares to be issued, 7,996, multiplied by the closing price of the Company's shares on April 10, 2023 of $4.12 per share.The Acquisition has been accounted for under the purchase method of accounting. The Acquisition resulted in goodwill related to, among other things, expected synergies in operations. The goodwill will not be deductible for tax purposes. The results of operations of Sequence (now operating as WeightWatchers Clinic) have been included in the consolidated operating results of the Company from the Closing Date.The Company incurred transaction-related costs of $8,605 for the fiscal year ended December 30, 2023. These costs were associated