EngageSmart Completes Asset Acquisition with Cash Merger

EngageSmart (ESMT) has released an update to notify the public and investors about its asset transaction finalization.

At the effective time of the merger, each share of the company’s common stock was cancelled and converted into the right to receive $23.00 in cash, except for shares held by the company, its parent, or subsidiaries, and those held by stockholders who exercised appraisal rights. Outstanding vested options and RSUs were also cancelled and converted into cash amounts, while unvested RSUs were converted into contingent cash awards, subject to the same vesting conditions. Further details of the merger agreement are available in the company’s SEC filing.

For further insights into ESMT financials, check out TipRanks’ Financials page.