Workday Reports Definitive Agreement to Acquire Sana
Summary
On September 15, 2025, Workday, Inc. entered into a definitive agreement with Sana Labs AB and certain other parties. Pursuant to this agreement, Workday will acquire all outstanding capital stock of Sana, subject to the satisfaction of customary conditions. This transaction was announced via a press release dated September 16, 2025 (Ex. 99.1).
Why It Matters
This definitive agreement to acquire Sana Labs AB signals Workday's strategic expansion, aiming for potential benefits and effects from the proposed transaction, as highlighted in the forward-looking statements.
Key Quote
“On September 15, 2025, Workday, Inc. ("Workday") entered into a definitive agreement (the "Agreement") by and among Workday, Sana Labs AB ("Sana"), and certain other parties thereto.”
— From Item 8.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001327811
- Filing Date
- Tuesday, September 16, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive