Sapiens International shares rose 43.7% in pre-market trading after the company announced a $2.5 billion all-cash acquisition by Advent. Other gainers include Bolt Projects Holdings, 180 Life Sciences, and Webtoon Entertainment, while losers include Profrac Holding, CAVA Group, and Luminar Technologies.
Sapiens International Corporation (SPNS.O) shares rose 43.7% in pre-market trading on Monday after the company announced a $2.5 billion all-cash acquisition by Advent International. The acquisition, which values Sapiens at approximately $2.5 billion, represents a 64% premium over its previous share price.
The deal, which is expected to close in the fourth quarter of fiscal 2025 or the first quarter of fiscal 2026, will see Advent acquire a 56.5% stake in Sapiens. The remaining 43.5% stake will be retained by Formula Systems, which currently holds a controlling interest in the company [2].
Douglas Hallstrom, a director at Advent, stated that the acquisition aims to accelerate investment into technology innovation, AI, and customer centricity. Sapiens' CEO, Roni Al-Dor, expressed excitement about the partnership, emphasizing the company's commitment to being a global leader in SaaS, digital, and AI-driven insurance software solutions [2].
Other notable market movements include:
- Bolt Projects Holdings (BSLK) reported a 23-fold year-over-year growth in its Vegan Silk Technology Platform revenues for the second quarter of 2025, driven by growing commercial momentum. The company delivered positive gross profit ahead of estimates and initiated gross profit guidance for 2025 and 2026 [4].
- 180 Life Sciences (180L) and Webtoon Entertainment (WEB) also saw gains, while Profrac Holding (PRF), CAVA Group (CAVA), and Luminar Technologies (LAVR) were among the losers [3].
References:
[1] https://www.reuters.com/world/middle-east/insurance-software-firm-sapiens-be-bought-by-advent-25-billion-2025-08-13/
[2] https://www.ainvest.com/news/sapiens-international-soars-40-68-advent-acquisition-2508/
[3] https://ca.investing.com/news/stock-market-news/sapiens-stock-soars-after-report-of-formula-in-talks-to-sell-control-93CH-4149632
[4] https://finance.yahoo.com/news/bolt-projects-holdings-reports-q2-204100369.html
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