8-K 1 gdrx-form8xk801xsharebuyba.htm 8-K GDRX - Form 8-K (8.01) - Share Buyback Mar'25
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________________________________
FORM 8-K
________________________________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 16, 2025
________________________________________
GoodRx Holdings, Inc.
(Exact Name of Registrant as Specified in its Charter)
________________________________________
Delaware
001-39549
47-5104396
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
2701 Olympic Boulevard
Santa Monica, California
90404
(Address of Principal Executive
Offices)
(Zip Code)
Registrant’s Telephone Number, Including Area Code: (855) 268-2822
Not applicable
(Former Name or Former Address, if Changed Since Last Report)
________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Class A Common Stock, $0.0001 par value per
share
GDRX
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act
of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition
period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the
Exchange Act.
Item 8.01. Other Events
On March 16, 2025 (the “Effective Date”), GoodRx Holdings, Inc. (the “Company”) entered into three Stock
Purchase Agreements: (a) one with Spectrum Equity VII, L.P., Spectrum VII Investment Managers’ Fund, L.P.,
and Spectrum VII Co-Investment Fund, L.P. (collectively, “Spectrum”), (b) one with Francisco Partners IV, L.P.
and Francisco Partners IV-A (collectively, “Francisco Partners”) and (c) one with Idea Men, LLC (“Idea Men”).
Pursuant to such agreements, the Company agreed to repurchase 3,000,000 shares, 10,000,000 shares and
7,000,000 shares of the Company’s Class A common stock (after giving effect to the automatic conversion of
the Company’s Class B common stock to Class A common stock upon such repurchase) from Spectrum,
Francisco Partners and Idea Men, respectively, at a price of $4.20 per share, in each case representing a
discount from the Company’s closing share price of $4.42 as of the last trading day prior to the Effective Date
(the “March 2025 Repurchase”), as part of the Company’s existing authority to repurchase up to an aggregate
of $450.0 million of its Class A common stock (the “Repurchase Program”). Approximately $198.3 million is
expected to remain available under the Repurchase Program following the March 2025 Repurchase. This
estimate is inclusive of estimated direct costs associated with these transactions but exclusive of estimated
excise taxes that may be associated with these transactions. The March 2025 Repurchase is expected to close
on or about March 21, 2025, subject to customary closing conditions.
In connection with the March 2025 Repurchase, each of Spectrum, Francisco Partners and Idea Men, together
with their respective affiliates, have agreed that they will not, without the Company’s prior approval, sell,
transfer, otherwise dispose of or enter into a hedging transaction involving the Company's securities until the
completion of the second full trading day after the public release of earnings data for the quarter ended March
31, 2025.
Forward-Looking Statements
This Current Report on Form 8-K (“Form 8-K”) contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements contained in this Form 8-K that do not relate to
matters of historical fact should be considered forward-looking statements, including without limitation
statements regarding the amount available under the Repurchase Program following the March 2025
Repurchase and the anticipated closing of the March 2025 Repurchase. These statements are neither promises
nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause
the Company’s actual results, performance or achievements to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking statements, including, but not limited
to, the important factors discussed in the sections entitled “Risk Factors” of the Company’s Annual Report on
Form 10-K for the fiscal year ended December 31, 2024, and in its other filings with the Securities and
Exchange Commission. The forward-looking statements in this Form 8-K are based upon information available
to the Company as of the date of this Form 8-K, and while the Company believes such information forms a
reasonable basis for such statements, such information may be limited or incomplete, and the statements
should not be read to indicate that the Company has conducted an exhaustive inquiry into, or review of, all
potentially available relevant information. These statements are inherently uncertain and investors are
cautioned not to unduly rely upon these statements. While the Company may elect to update such forward-
looking statements at some point in the future, it disclaims any obligation to do so, even if subsequent events
cause its views to change.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto duly authorized.
GOODRX HOLDINGS, INC.
Date:
March 17, 2025
By:
/s/ Christopher McGinnis
Name: Christopher McGinnis
Title: Chief Financial Officer & Treasurer