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Weave Completes TrueLark Acquisition

1. Weave acquires TrueLark to enhance AI healthcare communications. 2. Filed S-3 registration for shares from the acquisition. 3. No immediate plans for public securities sales announced. 4. TrueLark improves operational efficiency for healthcare businesses. 5. Weave strengthens customer engagement through this acquisition.

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Why Bullish?

The acquisition of TrueLark indicates strategic growth and innovation, which could drive demand for WEAV's services and improve market positioning, similar to how similar acquisitions have benefited competitors in technology sectors. For instance, when companies like Slack acquired productivity tools, they saw increased market relevance and customer engagement.

How important is it?

The article details Weave's acquisition and strategic maneuvers, highlighting potential growth that can contribute positively to investor sentiment and stock price, thus carrying a moderate but significant importance.

Why Long Term?

While the immediate impact may not be observable, the acquisition aligns with long-term goals for growth in AI healthcare communications, positioning WEAV for sustained benefits. Historical examples show that companies that successfully integrate AI-driven platforms often realize continual customer base expansions over years.

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-Files S-3 Registration Statement for Equity Issuance LEHI, Utah--(BUSINESS WIRE)--Weave (NYSE: WEAV), a leading all-in-one customer experience and payments software platform for small and medium-sized healthcare businesses, today announced the successful closing of its previously announced acquisition of TrueLark. Truelark is an AI-powered receptionist and front-desk automation platform. The transaction marks a significant milestone in Weave’s strategy to lead the next evolution of AI in healthcare communications. Additionally, on May 16, 2025, Weave filed a shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission to facilitate the registration for resale of the shares issued in the TrueLark transaction, as required by the merger agreement. Weave has no current plans to offer or sell any additional securities to the public under this shelf registration. For more details and the previous announcement from this transaction, please see the following link: Weave Communications to Acquire TrueLark, Accelerating AI-Powered Front Office Automation. About Weave Weave is a leading all-in-one customer experience and payments software platform for small and medium-sized healthcare businesses. From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire patient journey. Weave’s software solutions transform how healthcare practices attract, communicate with, and engage patients and clients to grow their business. Weave seamlessly integrates billing and payment requests into communication workflows, streamlining payment timelines, reducing accounts receivable, and supporting practice profitability. In the past year, Weave has been named an Inc. Power Partner, a G2 leader in Patient Relationship Management software and a Top 50 Product for Small Business. To learn more, visit getweave.com/newsroom/. About TrueLark TrueLark is an AI-powered virtual receptionist for appointment-based small and medium-sized businesses. Its agentic AI platform handles scheduling, rescheduling, and inquiries via SMS and web chat—delivering 24/7 patient and client support. TrueLark helps customers follow up on missed calls, increase bookings, and improve operational efficiency. To learn more, visit truelark.com. More News From Weave

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