WEAV News & Events

Raymond James notes that Weave announced it entered into a shareholder cooperation agreement with 2717 Partners and Engine Capital, adding new independent directors from each of the firms to its Board and forming a new finance committee to support long-term shareholder value. The board will also begin a search for a third independent director with additional software executive experience. With shares lagging the group over the last 12 months, the firm is "unsurprised" to see shareholders take a more active stance with the company, and it views the Board's willingness to work with these shareholders as a positive sign of alignment in creating value. Raymond James has an Outperform rating on the shares.

Weave recognized its partnership with Minted Technology Advisors, whose MintedCX advisory model helps healthcare practices adopt modern patient communication and engagement technology. Through its MintedCX initiative, Minted Technology Advisors works with healthcare organizations to improve patient experience, team efficiency, and business performance by guiding practices through complex technology decisions. As a certified Weave partner, Minted plays a key role in helping practices successfully implement Weave, train their teams, and fully leverage its integrated communications platform.

Weave Communications announced the appointment of two new independent directors, Ryan Dubin and Edward Robson, to its Board of Directors, effective immediately. These appointments were made in connection with a cooperation agreement with Engine Capital and 2717 Partners LP and certain affiliates. The Board will form a new Finance Committee to support long-term shareholder value. The Finance Committee will include David Silverman, Tyler Newton, Edward Robson, and Ryan Dubin, chaired by Silverman.