Level Access Holdings, Inc. signed a definitive agreement to acquire UserWay Ltd (TASE:UWAY) for $98.7 million on December 31, 2023. The transaction has been approved by UserWay?s Audit Committee, Board of Directors and is subject to approval by UserWay?s shareholders and receipt of customary regulatory approvals. transaction is expected to close in early 2024. Upon closing of the transaction, UserWay will become a privately-held company wholly owned by Level Access and the company?s shares will no longer be listed on TASE or on any public stock exchange. The business will continue to operate under the UserWay name and brand, with Allon Mason as CEO of UserWay and President of Level Access.

Nfluence Partners acted as exclusive financial advisors and Sullivan & Worcester as legal counsel to UserWay. Latham & Watkins LLP and Herzog, Fox & Neeman served as legal counsel to Level Access.

Level Access Holdings, Inc. completed the acquisition of UserWay Ltd (TASE:UWAY) for $98.7 million on March 20, 2024.