Company: SWKH
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050155
Chunk: 45

Company: SWK Holdings Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 45
---
 and delivery of the Merger Agreement, and as a condition and inducement to Parent’s willingness to enter into the Merger Agreement, Double Black Diamond Offshore Ltd. (the “Key Stockholder”), a stockholder of the Company, has entered into a key stockholder agreement with Parent (the “Key Stockholder Agreement”) pursuant to which the Key Stockholder has, subject to the terms and conditions thereof, agreed, among other things, to vote its shares of Company Common Stock in favor of the adoption of the Merger Agreement and the approval of the transactions contemplated thereunder, including the First Merger. As of October 9, 2025, the Key Stockholder held approximately 69.9% of the voting power of the Company Common Stock.

The foregoing summary description of the Key Stockholder Agreement is subject to and qualified in its entirety by reference to the Key Stockholder Agreement, a copy of which is attached hereto as Exhibit 2.02 and the terms of which are incorporated herein by reference.

28

Finance Receivables Portfolio Overview

The table below provides an overview of our outstanding finance receivables transactions as of and for the three and nine months ended September 30, 2025 (in thousands, except rate, share and per share data):

Revenue RecognizedRoyalty PurchasesLicensed TechnologyFunded AmountGAAP BalanceQ3 2025Year-to-DateBesivance® (1) Ophthalmic antibiotic$6,000 $— $— $2 Forfivo XL® (6)Depressive disorder treatment6,000 — — 506 Coflex®/Kybella® (6)Spinal stenosis/submental fullness4,350 — — 48 Cambia® (6)NSAID migraine treatment8,500 — — 98 Duo Royalty (6)Japanese Women's health/cystic fibrosis15,353 — — 591 Immune Globulin (6)Immune Globulin Therapeutics 14,100 — — 443 Relief (6)Rare Disease Portfolio7,701 — — 336 Best ABT, Inc.(2), (3)Oncology diagnosis 5,784 2,347 — — Flowonix Medical, Inc.(2), (3), (4)Drug delivery device 12,455 6,633 — — Ideal Im