Instructure Holdings Signs Definitive Agreement To Acquire Parchment In Transaction Valued At Approximately $835M

Delist

Instructure Holdings, Inc.

INST

23.60

Delist

Parchment has more than 15,000 customers and has exchanged more than 165 million credentials over two decades.Including a tax benefit resulting from the transaction, the net purchase price is approximately $795 million, or approximately 16 times Parchment's expected 2024 Adjusted EBITDA inclusive of anticipated run-rate cost synergies.Parchment is expected to contribute approximately $115 million of revenue in 2024.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.