# SWK Holdings Corp (SWKHL) — merger/definitive [completed]
Source: SEC API (secapi.ai) · situation sit_6443b3318292de28645e · retrieved 2026-08-11T16:11:03.868Z

## Overview
SWK Holdings Corporation is a specialty finance company focused on the life sciences sector, providing customized financing solutions including royalty purchases, synthetic revenue interests, and other financing to biotechnology, medical device, medical diagnostics, animal health and pharmaceutical companies.

Runway Growth Finance Corp. (RWAY) and SWK Holdings Corporation (SWK) are combining through a three-step merger structure in which SWK merges into RWAY Portfolio Corp. (Acquisition Sub), followed by Acquisition Sub merging into RWAY Portfolio Holding Corp. (Intermediary Sub), and finally Intermediary Sub merging into RWAY. SWK stockholders will receive, at their election, either newly issued RWAY common stock at an exchange ratio based on the respective net asset values of the two companies, or cash equal to SWK's per-share net asset value, plus a pro rata share of a $9,000,000 guaranteed cash payment from the Adviser. The exchange ratio will be calculated two days prior to closing based on the closing net asset values of both companies as of the determination date.

## Terms
- Counterparty: Runway Growth Finance Corp. · Deal value: $9.0M · Consideration: mixed

## Key dates
- Announced 2026-03-03 · Record 2026-03-02 · Vote 2026-03-31 · Expected close 2026-06-30 · Completed 2026-04-06

## Timeline
- 2026-03-03 · DEFM14A (0001552781-26-000078): DEFM14A - SWK Holdings Corp — *SWK Holdings Corporation is a specialty finance company focused on the life sciences sector, providing customized financing solutions including royalty purchases, synthetic revenue interests, and other financing to biotechnology, medical device, medical diagnostics, animal health and pharmaceutical companies.* Runway Growth Finance Corp. (RWAY) and SWK Holdings Corporation (SWK) are combining through a three-step merger structure in which SWK merges into RWAY Portfolio Corp. (Acquisition Sub), followed by Acquisition Sub merging into RWAY Portfolio Holding Corp. (Intermediary Sub), and finally Intermediary Sub merging into RWAY. SWK stockholders will receive, at their election, either newly issued RWAY common stock at an exchange ratio based on the respective net asset values of the two companies, or cash equal to SWK's per-share net asset value, plus a pro rata share of a $9,000,000 guaranteed cash payment from the Adviser. The exchange ratio will be calculated two days prior to closing based on the closing net asset values of both companies as of the determination date.
  https://www.sec.gov/Archives/edgar/data/1089907/0001552781-26-000078.txt
- 2026-04-06 · 8-K (0001552781-26-000198): 8-K
  https://www.sec.gov/Archives/edgar/data/1089907/000155278126000198/e26171_swkh-8k.htm

## Citations
- 0001552781-26-000078 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000155278126000078
- 0001552781-26-000198 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000155278126000198