Lumine Group Completes Acquisition of Synchronoss Technologies

Rhea-AI Summary

Synchronoss Technologies (Nasdaq: SNCR) has been acquired by Lumine Group in an all-cash transaction valuing Synchronoss at an implied equity value of $116.4 million and an enterprise value of $258.4 million. The acquisition closed on Feb 13, 2026, and Synchronoss common stock will cease trading and be delisted from Nasdaq. Stockholders approved the deal at a Special Meeting on Feb 12, 2026. Financial and legal advisors to the parties were disclosed.

Positive

• All-cash acquisition at an implied equity value of $116.4 million
• Enterprise value reported at approximately $258.4 million
• Stockholders approved the transaction at the Feb 12, 2026 special meeting

Negative

• Synchronoss common stock will cease trading and be delisted from Nasdaq
• Public shareholders will lose market liquidity following the close

Key Figures

Implied equity value: $116.4 million Enterprise value: $258.4 million

2 metrics

Implied equity value $116.4 million Lumine all-cash acquisition valuation for Synchronoss

Enterprise value $258.4 million Lumine acquisition valuation including debt and cash adjustments

Market Reality Check

Price: $9.00 Vol: Volume 490,128 vs 20-day ...

high vol

$9.00 Last Close

Volume Volume 490,128 vs 20-day average 239,776 (relative volume 2.04x) ahead of the closing announcement. high

Technical Price at $9.00 is trading above the $7.02 200-day moving average prior to deal completion.

Peers on Argus

SNCR was near its $9.00 cash takeout level while momentum scanners flagged peers...

3 Up

SNCR was near its $9.00 cash takeout level while momentum scanners flagged peers MLGO (+5.81%), XBP (+6.36%), and MCRP (+5.65%) moving up without news, indicating stock-specific dynamics for SNCR.

Previous Acquisition Reports

1 past event · Latest: Dec 04 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Dec 04	Acquisition announcement	Positive	+64.3%	All-cash Lumine buyout at $9.00 per share announced.

Pattern Detected

Prior acquisition news for SNCR triggered a strong positive price reaction when the Lumine deal was first announced.

Recent Company History

Over the past several months, Synchronoss has transitioned from operating updates to a sale process. On Dec 4, 2025, the company agreed to be acquired by Lumine Group in an all-cash deal valuing SNCR at about $116.4M equity and $258.4M enterprise value, with shareholders receiving $9.00 per share. That announcement produced a 64.34% move, effectively repricing the stock to the cash consideration. Today’s news confirms closing and delisting, following shareholder approval and regulatory steps documented in recent SEC filings.

Historical Comparison

+64.3% avg move · In the past 6 months, SNCR had 1 prior acquisition headline tied to this Lumine deal, with an averag...

acquisition

+64.3%

Average Historical Move acquisition

In the past 6 months, SNCR had 1 prior acquisition headline tied to this Lumine deal, with an average move of 64.34% on announcement. Today’s closing headline represents the final step of that same transaction, after the stock had already repriced to the $9.00 cash consideration.

The acquisition process progressed from December 2025 agreement and proxy filings, through February 2026 8-K guidance on expected closing terms, to final completion and Nasdaq delisting as announced today.

Market Pulse Summary

This announcement confirms the completion of Lumine Group’s all-cash acquisition of Synchronoss at a...

Analysis

This announcement confirms the completion of Lumine Group’s all-cash acquisition of Synchronoss at an implied equity value of about $116.4M and enterprise value of about $258.4M. It follows the December 2025 deal announcement and subsequent merger proxy and 8-K filings detailing the $9.00-per-share cash terms and expected closing. Investors tracking the story should note the transition to private ownership, Nasdaq delisting, and that future financial reporting will no longer be available through public markets.

Key Terms

all-cash transaction, equity value, enterprise value, common stock, +1 more

5 terms

all-cash transaction financial

"through one of its wholly-owned subsidiaries in an all-cash transaction that values"

An all-cash transaction is a deal where the full purchase price is paid immediately in cash or cash equivalents, rather than through financing or installment payments. For investors, this type of transaction often indicates a quick, straightforward sale and can signal confidence from the buyer, potentially affecting the value and perception of the involved assets.

equity value financial

"transaction that values the Company at an implied equity value of approximately $116.4 million"

Equity value is the total worth of a company that belongs to its shareholders after subtracting debts and obligations, like the leftover value if you sold everything and paid off all bills. For investors, it shows what all shares combined are worth and helps compare what a stake in the company might be worth today; think of it as the market price of the whole company’s ownership pie.

enterprise value financial

"and an enterprise value of approximately $258.4 million."

Enterprise value is the total worth of a company, reflecting what it would cost to buy the entire business. It includes the company's market value plus any debts, minus its cash holdings, offering a comprehensive picture of its true value. Investors use it to compare companies regardless of their capital structures, helping them assess how much they would need to pay to acquire the business.

common stock financial

"With the completion of the acquisition, Synchronoss’s common stock will cease trading"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Nasdaq Stock Market regulatory

"and the Company will no longer be listed on the Nasdaq Stock Market."

The Nasdaq Stock Market is a place where many companies' shares are bought and sold, functioning like a marketplace for investing in businesses. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping people grow their wealth or fund business growth. Known for hosting many technology and innovative companies, it is a key indicator of the health of those sectors.

AI-generated analysis. Not financial advice.

BRIDGEWATER, N.J., Feb. 13, 2026 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (Nasdaq: SNCR) (“Synchronoss” or the “Company”), a global leader and innovator in Personal Cloud platforms, today announced the completion of its acquisition by Lumine Group Inc. (“Lumine Group”), a global buy-and-hold forever acquirer of communications and media software businesses, through one of its wholly-owned subsidiaries in an all-cash transaction that values the Company at an implied equity value of approximately $116.4 million and an enterprise value of approximately $258.4 million. With the completion of the acquisition, Synchronoss’s common stock will cease trading and the Company will no longer be listed on the Nasdaq Stock Market.

Synchronoss stockholders voted to approve the transaction at the Company’s Special Meeting of Stockholders on February 12, 2026.

Advisors
TD Cowen served as exclusive financial advisor and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP served as legal advisor to the Company. Goodwin Procter LLP served as legal advisor to Lumine Group.

About Synchronoss
Synchronoss Technologies, Inc. (Nasdaq: SNCR), a global leader in personal Cloud solutions, empowers service providers to establish secure and meaningful connections with their subscribers. Synchronoss’ SaaS Cloud platform simplifies onboarding processes and fosters subscriber engagement, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. Millions of subscribers trust Synchronoss to safeguard their most cherished memories and important digital content. Explore how our Cloud-focused solutions redefine the way you connect with your digital world at www.synchronoss.com.

About Lumine Group
Lumine Group (TSXV: LMN) acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. Learn more at www.luminegroup.com.

For Synchronoss
Press Contact
Springboard
Domenick Cilea, President
Domenick.cilea@SpringBoardPR.com

Investor Relations Contact
ICR Inc
Ryan Gardella, Senior Vice President
Ryan.Gardella@icrinc.com

For Lumine Group
Lumine Group Media Relations Contact
Erini Andriopoulos
Director of Marketing, Lumine Group
erini.andriopoulos@luminegroup.com

FAQ

When did Lumine Group complete the acquisition of Synchronoss (SNCR)?

The acquisition closed on Feb 13, 2026, completing the transaction. According to the company, stockholders had approved the deal at a Special Meeting on Feb 12, 2026, and the transaction then closed the following day.

What purchase price did Lumine Group pay for Synchronoss (SNCR)?

Lumine Group acquired Synchronoss for an implied equity value of $116.4 million in cash. According to the company, the deal also implies an enterprise value of approximately $258.4 million for the business.

What happens to Synchronoss (SNCR) shares after the acquisition closes?

Synchronoss common stock will cease trading and the company will no longer be listed on Nasdaq. According to the company, shareholders approved the transaction and the listing removal follows the closing.

Who advised Synchronoss and Lumine Group on the SNCR deal?

Synchronoss named TD Cowen as exclusive financial advisor and Gunderson Dettmer as legal advisor. According to the company, Goodwin Procter served as legal advisor to Lumine Group on the transaction.

How does the SNCR acquisition affect existing Synchronoss shareholders?

Shareholders received the agreed cash consideration and will no longer hold publicly traded shares. According to the company, the closing ends public trading and removes Nasdaq listing for Synchronoss.