SCHEDULE: SWK Holdings Merger Complete, Reporting Persons Exit

SWK Holdings Corporation has completed its merger with Runway Growth Finance Corp., resulting in reporting persons no longer holding any shares.

Summary

• This filing is an amendment to a Schedule 13D, reporting on the completion of a merger involving SWK Holdings Corporation.
• The merger was effected on April 6, 2026, between SWK Holdings Corporation and Acquisition Sub, a subsidiary of Runway Growth Finance Corp.
• As a result of the merger, SWK Holdings Corporation no longer exists as an independent entity, and the reporting persons (Double Black Diamond Offshore Ltd., Carlson Capital, L.P., Asgard Investment Corp. II, Asgard Investment Corp., and Clint D. Carlson) no longer beneficially own any shares of SWK Holdings Corporation.
• The reporting persons held 0 shares, representing 0% of the outstanding shares, based on 12,095,906 shares outstanding as of March 2, 2026.
• No transactions in SWK Holdings Corporation shares were effected by the reporting persons since the previous amendment (Amendment No. 16).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily serving as a procedural update to confirm the completion of a merger and the cessation of beneficial ownership by the reporting persons.

Positives

• The merger has been successfully completed, indicating a resolution for the company's future.
• Reporting persons have exited their positions, potentially signaling the end of activist or significant stakeholder involvement.

Negatives

• SWK Holdings Corporation is no longer an independent publicly traded entity.
• Shareholders of SWK Holdings Corporation received a combination of Parent Common Stock and cash, with the specific mix dependent on their election and subject to proration.

Future Outlook

The future outlook for SWK Holdings Corporation as an independent entity is concluded due to the merger. The combined entity will operate under the Runway Growth Finance Corp. umbrella.

Industry Context

StockSavvy.ai notes that this Schedule 13D amendment signifies the conclusion of a significant corporate event, a merger, which is a common strategic move in the financial services and investment management sectors to achieve scale, market consolidation, or strategic realignment.

Stakeholder Impact

• Shareholders: Received a combination of cash and stock in the acquiring entity, with the exact mix dependent on their election and subject to proration.
• Reporting Persons: No longer hold any beneficial interest in SWK Holdings Corporation.
• Creditors/Suppliers: The operational status and obligations of SWK Holdings Corporation will now be integrated into Runway Growth Finance Corp.

Next Steps

• SWK Holdings Corporation shareholders will have received their consideration (Parent Common Stock and/or cash) as per the merger agreement.
• The reporting persons have fully divested their holdings in SWK Holdings Corporation.

Key Dates

Keywords

SWK Holdings Corporation, Merger, Schedule 13D, Runway Growth Finance Corp., Carlson Capital, Acquisition, SEC Filing, Beneficial Ownership