SoundThinking surges 50% on take-private deal
SSTI•SoundThinking said Transom Capital Group will acquire it for $8 per share in cash, a 46% premium to its last close. Shareholders may also receive contingent value rights worth up to $3 per share, for potential total consideration of $11 per share, or about $159 million.
1. Cash acquisition offer
Transom Capital Group will pay $8 per share in cash to acquire SoundThinking. Shareholders will also receive contingent value rights tied to sales of the ShotSpotter and SafePointe products, worth up to $3 per share, bringing potential total consideration to $11 per share, or roughly $159 million.
2. Shares rise on deal
SoundThinking shares surged 50.7% to $8.25, a seven-week high, after the deal announcement. The transaction is expected to close in the fourth quarter of 2026.
3. Analyst downgrade
Northland Capital Markets downgraded SoundThinking to market perform from outperform. The firm called the go-private transaction “logical,” saying it would give the company more time, flexibility and resources to build out SafePointe and international ShotSpotter and streamline operations.
