Runway Growth Finance Corp. to Acquire SWK Holdings Corporation

Runway Growth Finance Corp. has announced a definitive merger agreement to acquire SWK Holdings Corporation. The acquisition is poised to strengthen Runway Growth's portfolio, particularly in healthcare and life sciences. This acquisition is expected to enhance financial returns and add significant scale to Runway Growth's existing portfolio.

David Spreng, Founder and CEO of Runway Growth, highlighted the strategic benefits of this acquisition, pointing out its potential to diversify and optimize the company's holdings. The merger will expand Runway Growth's healthcare investments to approximately 31%, improving the company's financial metrics.

The transaction is valued at approximately $220 million, comprising cash and stock components. With unanimous approval from SWK's board and support from Carlson Capital L.P., the deal is anticipated to close between late 2025 and the first quarter of 2026, pending necessary approvals.