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Everbridge (NASDAQ:EVBG) edged higher by 0.8% after a Nasdaq delisting notice for its planned sale to Thomas Bravo.
The deal is tentatively scheduled to close prior to the market open on Tuesday, according to the Nasdaq notice on Friday. In anticipation of the closing, the stock will be halted immediately following the after-hours session at 8 p.m. on Monday.
The notice comes after Everbridge (EVBG) on Tuesday said it expected its planned sale to Thoma Bravo will be completed in Q3, after earlier forecasting a Q2 close. The parties continue to pursue the one remaining outstanding regulatory approval in Sweden required to satisfy the closing conditions set forth in the merger agreement, according to an 8-K filing at the time.
Thoma Bravo originally agreed to buy enterprise software company Everbridge (EVBG) in February, though the deal price was increased to $35 a share in March.