Traders should monitor the spread between DV's current price and the $13.60 offer price, which reflects deal risk. Key catalysts include the stockholder vote, HSR clearance, and other regulatory approvals. The deal is expected to close by mid-2027. Any news regarding regulatory hurdles or competing bids could move the spread.
Price Chart
Executive Summary
DoubleVerify Holdings has entered into a definitive agreement to be acquired by Neptune BidCo US Inc., an entity backed by Elliott Investment Management, for $13.60 per share in cash. The all-cash transaction values DV at approximately $2.1 billion based on shares outstanding. The deal is expected to close by mid-2027, subject to stockholder and regulatory approvals. Concurrently, the company amended executive severance agreements and established a $3.5 million transaction bonus pool.
Key Financial Metrics
Key Facts
- Merger consideration: $13.60 per share in cash
- Equity commitment of $200M from Elliott affiliates; debt financing of ~$1.8B committed
- Company termination fee: $60M; Parent termination fee: $144M
- Conditions: stockholder approval, HSR clearance, foreign antitrust/foreign investment approvals, no legal impediment
- Supporting stockholders (Providence entities) holding ~18.3M shares have agreed to vote in favor
- Executive severance amendments and $3.5M transaction bonus pool approved
Financial Impact
All-cash acquisition at $13.60 per share; total equity value approximately $2.1B based on 154,987,592 shares outstanding as of August 4, 2026
Risk Factors
- Regulatory approval risk (HSR, foreign investment laws)
- Stockholder approval risk (though Providence entities have agreed to vote in favor)
- Financing risk (though equity and debt commitments are in place and financing is not a condition to closing)
- Potential for competing bids or shareholder litigation
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-092934 |
| Document: tm2621904d5_8k.htm | 0001104659-26-092934 |
| Document: tm2621904d5_ex10-2.htm | 0001104659-26-092934 |
| Document: tm2621904d5_ex10-1.htm | 0001104659-26-092934 |
| Document: tm2621904d5_ex10-3.htm | 0001104659-26-092934 |
| Document: tm2621904d5_ex10-4.htm | 0001104659-26-092934 |
| Document: 0001104659-26-092934-index-headers.html | 0001104659-26-092934 |
| Document: 0001104659-26-092934-index.html | 0001104659-26-092934 |
| Document: 0001104659-26-092934.txt | 0001104659-26-092934 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 25, 2026 5w ago | DEFA14A | $13.30 $13.37 | ▲ +0.53% | ▲ +0.30% | $13.49 (+1.43%) |
Aug 12, 2026 7w ago | Institutional Cluster | $13.29 $13.37 | ▲ +0.60% | ▲ +2.50% | $13.49 (+1.50%) |
Aug 10, 2026 7w ago | DEFA14A | $13.22 $13.35 | ▲ +0.98% | ▲ +1.90% | $13.49 (+2.04%) |
Aug 10, 2026 7w ago | 8-K | $13.22 $13.35 | ▲ +0.98% | ▲ +1.90% | $13.49 (+2.04%) |
Apr 7, 2026 25w ago | DEFA14A | $10.09 $11.46 | ▲ +13.58% | ▲ +5.03% | $13.49 (+33.70%) |
Apr 7, 2026 25w ago | Press Release | $10.08 $11.40 | ▲ +13.10% | ▲ +3.31% | $13.49 (+33.83%) |
US Market Status
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