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Stock impact report

SWK Holdings Announces Closing of Royalty Sale and $4.00 Per Share Special Dividend [Yahoo! Finance]

SWK Holdings Corporation (SWKH) 
NASDAQ:AMEX Investor Relations: swkhold.com/investor-relations
Company Research Source: Yahoo! Finance
finance company, today announced the closing of the previously announced royalty sale to SCOF SPV I, LP, an affiliate of Soleus Capital Management, for total cash proceeds of approximately $34.0 million. In conjunction with the closing, SWK's Board of Directors has declared a special cash dividend of $4.00 per share, payable to all holders of record of the Company's common stock as of April 24, 2025, with a payment date of May 8, 2025. "This transaction represents an attractive monetization of the majority of our royalty assets at valuation approximating the GAAP carrying value. In this uncertain market we are pleased to achieve this value for our shareholders. The special dividend reflects our continued commitment to deliver that value to our shareholders" said Jody Staggs, Chief Executive Officer of SWK Holdings. "We remain bullish on SWK's outlook which is anchored by an approximately $220 million performing life science loan portfolio that continues to generate attractive cash Show less Read more
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