How much is Bending Spoons paying for Miro?

The all-cash transaction values Miro at an enterprise value of $1.355 billion. Including Miro's net cash, the implied equity value is approximately $1.79 billion, subject to customary purchase price adjustments at closing.

Will Miro shareholders reinvest any proceeds into Bending Spoons?

Yes. Certain Miro shareholders have agreed to invest $295 million of their transaction proceeds into newly issued Bending Spoons equity, which reduces the net cash required from Bending Spoons.

When is the Miro acquisition expected to close, and what could prevent it?

Closing is expected in the fourth quarter of 2026, subject to required regulatory approvals and other customary closing conditions. The agreement allows termination if the deal is not completed by September 10, 2027, and the company makes no assurance of timing or completion.

Will Miro continue operating separately before closing?

Yes. Until the transaction closes, both Bending Spoons and Miro will continue to operate independently, according to the press release.

BSP 8-K SEC Disclosure — Sep 10, 2026

01—Abstract

Summary

Summary of the 6-K filed September 10, 2026. Cited figures are marked; the original filing is the authoritative source.

On September 10, 2026, Bending Spoons S.p.A.

(NASDAQ: BSP) disclosed through a Form 6-K that its U.S. subsidiary, Bending Spoons US Inc., signed a definitive Agreement and Plan of Merger to acquire RealTimeBoard, Inc. (d/b/a Miro) in an all-cash transaction. The deal values Miro at an enterprise value of $1.355 billion^a, which, including Miro's net cash, implies an equity value of approximately $1.79 billion, subject to customary purchase price adjustments at closing. Certain Miro shareholders have agreed to reinvest $295 million of their proceeds into newly issued Bending Spoons equity, which partially offsets the cash outlay and aligns those holders with the combined company.

According to the filing and press release, Miro has around $600 million^b in annual recurring revenue, with nearly 90% derived from business and enterprise customers, roughly 4 million paying users, and more than 750 customers with over $100,000 in ARR. Bending Spoons plans to invest in performance, reliability, and functionality after closing and states it intends to own and operate Miro long term. The deal is the second major acquisition announced in close succession, following the recent completion of Airtable.

The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approvals and other customary conditions, and either party may terminate if it is not consummated by September 10, 2027. The filing includes standard forward-looking statement caveats, and Bending Spoons makes no assurance that closing will occur within the expected timeframe. Investors should watch regulatory developments, the closing timeline, and the integration plan, since the filing provides no details on Miro's profitability, cash flows, or expected synergies.

02—Key points

Key Highlights

Bending Spoons US Inc. signed a definitive merger agreement on September 10, 2026 to acquire RealTimeBoard, Inc. (Miro) in an all-cash deal.
Transaction values Miro at an enterprise value of $1.355 billion, or about $1.79 billion equity value including Miro's net cash, subject to customary adjustments.
Certain Miro shareholders agreed to invest $295 million of their proceeds into newly issued Bending Spoons equity.
Miro reports approximately $600 million in ARR, with nearly 90% from business and enterprise customers, and about 4 million paying users.
Closing is expected in Q4 2026, subject to regulatory approvals; either party may terminate if not closed by September 10, 2027.
Deal follows the recent completion of the Airtable acquisition, reinforcing Bending Spoons' serial acquisition strategy.
The filing does not disclose Miro's profitability, cash flow, or expected synergies, limiting assessment of the deal's financial impact.

03—Questions

Frequently Asked Questions

How much is Bending Spoons paying for Miro?
The all-cash transaction values Miro at an enterprise value of $1.355 billion. Including Miro's net cash, the implied equity value is approximately $1.79 billion, subject to customary purchase price adjustments at closing.
Will Miro shareholders reinvest any proceeds into Bending Spoons?
Yes. Certain Miro shareholders have agreed to invest $295 million of their transaction proceeds into newly issued Bending Spoons equity, which reduces the net cash required from Bending Spoons.
When is the Miro acquisition expected to close, and what could prevent it?
Closing is expected in the fourth quarter of 2026, subject to required regulatory approvals and other customary closing conditions. The agreement allows termination if the deal is not completed by September 10, 2027, and the company makes no assurance of timing or completion.
What is Miro's business profile?
Per the press release, Miro has about $600 million in annual recurring revenue, nearly 90% from business and enterprise customers, roughly 4 million paying users, and more than 750 customers paying over $100,000 in ARR annually.
Will Miro continue operating separately before closing?
Yes. Until the transaction closes, both Bending Spoons and Miro will continue to operate independently, according to the press release.

04—Continue

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