The stock should trade near the $18.50 deal price with a small spread reflecting time value and deal-closing risk. Monitor for stockholder vote and regulatory approvals. Any material delay or termination risk could widen the spread. Given the co-founder's voting agreement and no financing contingency, deal completion probability appears high.
Price Chart
Executive Summary
Simulations Plus has entered into a definitive agreement to be acquired by Altaris for $18.50 per share in cash, valuing the company at approximately $375 million. The all-cash transaction represents a 26% premium to the 60-day VWAP and is expected to close in Q4 2026, after which SLP will be delisted. Co-founder Dr. Walter Woltosz has agreed to vote his shares in favor, and the deal is not subject to a financing contingency.
Key Facts
- Acquisition price: $18.50 per share in cash
- Total enterprise value: approximately $375 million
- 26% premium to 60-day volume-weighted average price as of June 15, 2026
- All-cash transaction, not subject to financing contingency
- Co-founder and director Dr. Walter Woltosz entered into voting agreement to support the deal
- Transaction unanimously approved by Simulations Plus Board of Directors
- Expected to close in calendar Q4 2026, subject to stockholder and regulatory approvals
- Simulations Plus will become a privately held subsidiary of Altaris and common stock will be delisted from Nasdaq
- Company will not hold earnings calls while transaction is pending
Financial Impact
Stockholders to receive $18.50 per share in cash, representing a 26% premium to the 60-day VWAP. Total consideration approximately $375 million.
Risk Factors
- Failure to obtain stockholder approval
- Regulatory hurdles or antitrust concerns
- Termination of merger agreement under certain conditions (including potential termination fee)
- Possible competing bids or shareholder litigation
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001023459-26-000020 |
| Document: pressreleasewithrespecttot.htm | 0001023459-26-000020 |
| Document: 0001023459-26-000020-index-headers.html | 0001023459-26-000020 |
| Document: 0001023459-26-000020-index.html | 0001023459-26-000020 |
| Document: 0001023459-26-000020.txt | 0001023459-26-000020 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 11d ago | 15-12G | — | awaiting T+1 | — | — |
Oct 8, 2026 19d ago | EFFECT | $18.50 | awaiting T+1 | — | — |
Oct 6, 2026 20d ago | 8-K | $18.50 | awaiting T+1 | — | — |
Oct 6, 2026 20d ago | 25-NSE | $18.50 | awaiting T+1 | — | — |
Aug 21, 2026 9w ago | DEFA14A | $18.40 $18.40 | · 0.00% | ▲ +0.29% | — |
Aug 13, 2026 10w ago | 8-K | $18.35 $18.36 | ▲ +0.05% | ▲ +0.53% | — |
Jul 22, 2026 13w ago | DEFM14A | $18.33 $18.34 | ▲ +0.05% | ▼ −0.05% | — |
Jul 9, 2026 15w ago | PREM14A | $18.24 $18.25 | ▲ +0.05% | ▲ +0.82% | — |
Jun 16, 2026 19w ago | 8-K | $18.24 $18.25 | ▲ +0.05% | ▲ +1.30% | — |
Jun 14, 2026 19w ago | Institutional Cluster | $16.37 $18.24 | ▲ +11.42% | ▲ +12.02% | — |
US Market Status
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