Oct. 10 at 2:09 PM
SWK Holdings Corp shares rose pre-market Friday after Runway Growth Finance Corp announced it will acquire the life-science-focused specialty finance company. The deal values SWK at roughly
$220 million, including
$75.5 million in Runway Growth shares and about
$145 million in cash.
Runway Growth, a provider of flexible capital solutions for late-stage and growth companies, expects the acquisition to expand its healthcare and life sciences exposure, raising sector investments from 14% to 31% of its portfolio. The deal will increase Runway Growth’s total assets to
$1.3 billion and is expected to boost NII mid-term after the first full quarter post-close.
SWK’s portfolio includes 22 companies with an estimated fair value of
$242 million as of August 15, 2025. The transaction is structured as a net asset value merger, with Runway Growth Capital LLC contributing
$9 million cash for distribution to SWK shareholders.
$SWKH $RWAY