SWK Holdings Corp (SWKH)

[Enterprising Investor]

SWK Holdings Confirms Receipt of Non-Binding Proposal from Carlson Capital L.P. (11/24/21)

Announces Formation of Special Committee

Dallas, TX, November 24, 2021 – SWK Holdings Corporation (Nasdaq: SWKH) (the “Company” or “SWK”) confirmed that on November 23, 2021, it received a non-binding proposal from funds managed by Carlson Capital, L.P. (“Carlson”) to acquire all shares of SWK not already owned by Carlson for a price of $19.00 per share, payable in cash. (the “Proposed Acquisition”). This proposal is not related to the prior proposal submitted by Carlson to the Company in April 2021.

The Company’s Board of Directors (the “Board”) has formed a special committee of non-executive, independent directors (the “Special Committee”). The Special Committee, in consultation with its advisors, will carefully review and consider Carlson’s proposal and pursue the course of action that it believes is in the best interests of the Company’s stockholders. The Company’s stockholders do not need to take any action at this time.

JMP Securities LLC is serving as financial advisor to the Special Committee and Shearman & Sterling LLP is acting as legal counsel.

There can be no assurance that a definitive proposal relating to the Proposed Acquisition will be made, that any such proposal will be recommended or accepted by the Special Committee, that a definitive agreement relating to the Proposed Acquisition or any other transaction will be entered into by the Company or that any transaction will be consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.

About SWK Holdings:

SWK is a specialized finance company with a focus on the global healthcare sector. SWK partners with ethical product marketers and royalty holders to provide flexible financing solutions at an attractive cost of capital to create long-term value for both SWK’s business partners and its investors. SWK believes its financing structures achieve an optimal partnership for companies, institutions and inventors seeking capital for expansion or capital and estate planning by allowing its partners to monetize future cash flow with minimal dilution to their equity stakes. SWK also owns Enteris Biopharma (“Enteris”), whose core Peptelligence™ drug delivery technology creates oral formulations of peptide-based and BCS class II, III, and IV small molecules. With Enteris, SWK has the opportunity to grow its specialty finance business by actively building a wholly-owned portfolio of milestones and royalties through licensing activities. Additional information on the life science finance market is available on the Company’s website at www.swkhold.com.

https://www.prnewswire.com/news-releases/swk-holdings-confirms-receipt-of-non-binding-proposal-from-carlson-capital-lp-301431401.html