The acquisition significantly expands Bending Spoons' revenue base with a high-ARR asset, but the rapid deal cadence (Airtable last week, Miro now) raises integration risk. Monitor for regulatory clearance updates and any signs of customer churn at Miro post-announcement. The $295M equity reinvestment by Miro shareholders is a positive signal of alignment, but the all-cash structure will pressure Bending Spoons' balance sheet.
Price Chart
Executive Summary
Bending Spoons has entered into a definitive agreement to acquire Miro, a digital collaboration platform, for an enterprise value of $1.355 billion (implying an equity value of ~$1.79 billion). The all-cash transaction is expected to close in Q4 2026, and certain Miro shareholders have agreed to reinvest $295 million of their proceeds into newly issued Bending Spoons equity. This is a large, strategic acquisition that adds ~$600M in ARR to Bending Spoons' portfolio, following last week's Airtable acquisition, but carries execution and integration risk given the rapid deal cadence and pending regulatory approvals.
Key Facts
- Bending Spoons entered a definitive agreement to acquire Miro for $1.355 billion enterprise value (~$1.79 billion equity value).
- Miro has ~$600 million in annual recurring revenue, ~90% from business/enterprise customers.
- Certain Miro shareholders will invest $295 million of their proceeds into newly issued Bending Spoons equity.
- Transaction expected to close in Q4 2026, subject to regulatory approvals and customary closing conditions.
- Bending Spoons completed the acquisition of Airtable last week, indicating an aggressive M&A pace.
Financial Impact
$1.355 billion enterprise value acquisition; $295 million equity reinvestment from Miro shareholders; Miro contributes ~$600M ARR
Risk Factors
- Regulatory approval risk — transaction may not close or may be delayed beyond Q4 2026.
- Integration risk from back-to-back large acquisitions (Airtable and Miro) within weeks.
- All-cash deal structure may increase leverage or reduce financial flexibility.
- Termination rights allow either party to walk if deal not closed by September 10, 2027.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0002004711-26-000015 |
| Document: bsp_ex99-1.htm | 0002004711-26-000015 |
| Document: 0002004711-26-000015-index-headers.html | 0002004711-26-000015 |
| Document: 0002004711-26-000015-index.html | 0002004711-26-000015 |
| Document: 0002004711-26-000015.txt | 0002004711-26-000015 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 6-K | $44.00 | awaiting T+1 | — | $46.63 (+5.98%) |
Oct 14, 2026 12d ago | 6-K | $53.46 $55.77 | ▲ +4.32% | ▲ +4.04% | $46.63 (−12.78%) |
Oct 2, 2026 24d ago | 6-K | $32.03 $32.12 | ▲ +0.28% | ▼ −0.39% | $46.63 (+45.58%) |
Sep 10, 2026 6w ago | 6-K | $39.67 $38.77 | ▼ −2.27% | ▼ −3.12% | $46.63 (+17.54%) |
Sep 4, 2026 7w ago | 6-K | $39.58 $39.08 | ▼ −1.26% | ▼ −0.71% | $46.63 (+17.81%) |
Aug 7, 2026 11w ago | Press Release | $44.45 $51.43 | ▲ +15.70% | ▲ +15.73% | $46.63 (+4.90%) |
Aug 4, 2026 11w ago | 6-K | $37.45 $43.75 | ▲ +16.82% | ▲ +17.02% | $46.63 (+24.51%) |
Jul 28, 2026 12w ago | 6-K | $32.70 $34.74 | ▲ +6.24% | ▲ +4.56% | $46.63 (+42.60%) |
Jul 1, 2026 16w ago | 3 | $40.50 $35.93 | ▼ −11.28% | ▼ −11.15% | $46.63 (+15.14%) |
Jul 1, 2026 16w ago | EFFECT | $40.50 $35.93 | ▼ −11.28% | ▼ −11.15% | $46.63 (+15.14%) |
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