Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 209

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 209
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,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 with legal and professional services and were recognized as operating expenses on the consolidated statements of operations.

F-22

WW INTERNATIONAL, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (IN THOUSANDS, EXCEPT PER SHARE AND PER UNIT AMOUNTS)  

Acquisitions of FranchiseesOn February 18, 2022, the Company acquired the entire issued share capital of its Republic of Ireland franchisee, Denross Limited, and its Northern Ireland franchisee, Checkweight Limited,