on SWK Holdings Corp.
SWK Holdings Finalizes Royalty Sale and Announces Special Dividend
SWK Holdings Corporation (NASDAQ: SWKH), a company focused on specialty finance in the life sciences sector, announced the completion of its royalty sale to SCOF SPV I, LP, affiliated with Soleus Capital Management. The transaction, valued at approximately $34.0 million, marks a significant monetization of SWK's royalty assets.
Coinciding with this sale, the company's Board declared a special cash dividend of $4.00 per share. This dividend is payable to shareholders on record as of April 24, 2025, with disbursement set for May 8, 2025. Jody Staggs, CEO of SWK Holdings, emphasized the company's commitment to delivering value to shareholders, stating that despite market uncertainties, the transaction aligns with SWK's strategic financial goals.
SWK maintains an optimistic outlook, grounded in its robust $220 million life science loan portfolio, which continues to yield substantial cash returns.
R. E.
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