Traders should cease positions in SWKHL as shares are no longer publicly traded; any remaining interests are now private or converted into the merger consideration (cash and RWAY stock). Monitor Runway Growth Finance Corp for continued exposure.
Price Chart
Executive Summary
Nasdaq has filed a Form 25-NSE to delist SWK Holdings Corp's securities, effective April 6, 2026, following the company's merger with Runway Growth Finance Corp and subsequent termination of listing. This is a formal notification of delisting after the transaction closed.
Key Facts
- Form 25-NSE filed by Nasdaq Stock Market LLC to remove SWK Holdings Corp (SWKHL) from listing and registration.
- Delisting is effective as of April 6, 2026.
- Follows completion of merger with Runway Growth Finance Finance Corp (RWAY), previously disclosed in an 8-K filing on the same date.
- Company has undergone change of control, delisting, and termination of credit facility as part of the transaction.
Financial Impact
Full delisting and cessation of public trading; shareholders received cash and stock consideration per merger terms.
Risk Factors
- Loss of liquidity for former SWKHL shareholders who did not tender.
- Potential difficulty in valuing post-merger holdings without public market pricing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0001354457-26-000325 |
| Document: 0001354457-26-000325-index-headers.html | 0001354457-26-000325 |
| Document: 0001354457-26-000325-index.html | 0001354457-26-000325 |
| Document: 0001354457-26-000325.txt | 0001354457-26-000325 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Apr 9, 2026 28w ago | EFFECT | $25.35 $25.36 | ▲ +0.05% | ▼ −7.52% | $25.16 (−0.77%) |
Apr 6, 2026 29w ago | 25-NSE | $25.38 $25.35 | ▼ −0.13% | ▼ −9.11% | $25.16 (−0.90%) |
Apr 6, 2026 29w ago | 8-K | $25.38 $25.35 | ▼ −0.13% | ▼ −9.11% | $25.16 (−0.90%) |
US Market Status
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