Amendment: SEC Form SC TO-I/A filed by TechTarget Inc.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
(Amendment No. 1)
Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
TECHTARGET, INC.
(Name of Subject Company (Issuer))
TECHTARGET, INC.
(Name of Filing Persons (Issuer and Offeror))
0.125% Convertible Senior Notes due 2025
0.00% Convertible Senior Notes due 2026
(Title of Class of Securities)
87874R AB6
87874R AD2
(CUSIP Number of Class of Securities)
Charles D. Rennick
Vice President, General Counsel, and Corporate Secretary
TechTarget, Inc.
275 Grove Street
Newton, Massachusetts 02466
(646) 536-2842
(Name, address and telephone number of person authorized to receive notices and communications on behalf of filing person)
With copies to:
Joseph B. Conahan, Esq.
Craig Hilts, Esq. Ryan S. Brewer, Esq.
Wilmer Cutler Pickering Hale and Dorr LLP
60 State Street
Boston, Massachusetts 02109
(617) 526-6000
| ☐ | Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
Check the appropriate boxes below to designate any transactions to which the statement relates:
| ☐ | third-party tender offer subject to Rule 14d-1. |
| ☒ | issuer tender offer subject to Rule 13e-4. |
| ☐ | going-private transaction subject to Rule 13e-3. |
| ☐ | amendment to Schedule 13D under Rule 13d-2. |
Check the following box if the filing is a final amendment reporting the results of the tender offer: ☒
If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:
| ☐ | Rule 13e-4(i) (Cross-Border Issuer Tender Offer) |
| ☐ | Rule 14d-1(d) (Cross-Border Third-Party Tender Offer) |
Introduction
This Amendment No. 1 to the Tender Offer Statement on Schedule TO (this “Amendment”) amends and supplements the Tender Offer Statement on Schedule TO originally filed with the Securities and Exchange Commission (the “SEC”) by TechTarget, Inc., (formerly known as Toro CombineCo, Inc.) (the “Successor Company”), as subject company and issuer, on December 20, 2024 (the “Original Schedule TO” and as amended and supplemented on the date hereof, the “Schedule TO”), relating to the right of each holder of the applicable Notes (as defined below) to require the Successor Company to repurchase, at such holder’s option:
| • | in the case of the of 0.125% Convertible Senior Notes due 2025 (the “2025 Notes”), 100% of the principal amount of the 2025 Notes, plus accrued and unpaid interest thereon to, but excluding, January 24, 2025, pursuant to the terms and conditions of (i) the Offer to Purchase for Cash and Notice of Fundamental Change, Make-Whole Fundamental Change, Fundamental Change, Specified Corporate Event and Settlement Method to holders of the 2025 Notes, dated December 20, 2024 (the “2025 Notes Offer to Purchase”), attached as Exhibit (a)(1)(i) to the Original Schedule TO, (ii) the 2025 Indenture (as defined in the Original Schedule TO) and (iii) the 2025 Notes; and |
| • | in the case of the 0.00% Convertible Senior Notes due 2026 (the “2026 Notes” and, together with the 2025 Notes, the “Notes”), 100% of the principal amount of the 2026 Notes pursuant to the terms and conditions of (i) the Offer to Purchase and Notice of Fundamental Change, Make-Whole Fundamental Change, Fundamental Change, Specified Corporate Event and Settlement Method to holders of the 2026 Notes, dated December 20, 2024 (the “2026 Notes Offer to Purchase” and, together with the 2025 Notes Offer to Purchase, the “Notes Offers to Purchase”), attached as Exhibit (a)(1)(ii) to the Original Schedule TO, (ii) the 2026 Indenture (as defined in the Original Schedule TO) and (iii) the 2026 Notes. |
The information set forth in the Notes Offers to Purchase, which were previously filed with the Original Schedule TO, is hereby incorporated by reference into this Amendment No. 1, except that such information is hereby amended and restated to the extent specifically provided in this Amendment No. 1.
This Amendment No. 1 is filed by the Successor Company and is intended to satisfy the disclosure requirements of Rules 13e-4(c)(2) and 13e-4(d)(1) under the Securities Exchange Act of 1934, as amended. All capitalized terms used but not specifically defined in this Schedule TO shall have the meanings given to such terms in the Notes Offers to Purchase, as applicable.
Item 11. Additional Information.
Item 11 is hereby amended and supplemented as follows:
On January 24, 2025, the Successor Company issued a press release announcing the final results of each tender offer, each of which expired at 5:00 p.m., New York City time, on January 23, 2025. A copy of such press release is filed as Exhibit (a)(5)(ii) to this Amendment No. 1 and is incorporated herein by reference.
The Successor Company drew down $135,000,000 from the Credit Facility pursuant to the terms of the Credit Agreement. The proceeds from the borrowing were used to finance a portion of the repurchase of the Notes. A copy of the Credit Agreement was filed as Exhibit (b) to the Original Schedule TO and is incorporated herein by reference.
| Item 12. | Exhibits. |
Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibit:
SIGNATURES
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| TechTarget, Inc. | ||
| By: | /s/ Daniel Noreck | |
| Name: Daniel Noreck | ||
| Title: Chief Financial Officer | ||
Date: January 24, 2025
EXHIBIT INDEX
| * | Previously filed. |
| ** | Filed herewith. |