Transaction Accelerates Investment in Weave’s AI-Powered Platform for Healthcare Practices

Weave Stockholders to Receive $7.40 Per Share in Cash, Representing a 34% Premium

Weave Communications, Inc. ("Weave") (NYSE:WEAV), a leading AI-powered patient engagement and payments platform purpose-built for healthcare practices, and Francisco Partners ("FP"), a leading global investment firm that specializes in partnering with technology companies and technology-enabled businesses, today announced that FP has entered into a definitive agreement to acquire Weave, at an aggregate equity valuation of approximately $650 Million.

Under the terms of the agreement, Weave stockholders will receive $7.40 per share in cash, representing a premium of approximately 34% to Weave’s unaffected closing stock price on August 17, 2026, the last full trading day prior to the transaction announcement. Upon completion of the transaction, Weave will cease to trade on the NYSE and become a private company.

Transaction Details, Approvals and Timing

The transaction, which was unanimously approved by the Weave Board of Directors, is anticipated to close in the fourth quarter of 2026, subject to customary closing conditions, including approval by Weave stockholders and the receipt of required regulatory approvals.

As of the date of the Agreement, no executive officer has entered into any agreement with Francisco Partners to roll over equity, invest alongside the buyer, or acquire an equity interest in the surviving company.