Vacasa Inc. (NASDAQ:VCSA), a leading property management service provider with annual revenue of $910 million and a market capitalization of $121.5 million, has announced the completion of a series of mergers as per the information disclosed in a recent 8-K filing with the Securities and Exchange Commission (SEC). According to InvestingPro data, the company has been facing challenges with profitability and cash management, operating with a moderate debt level of $145.8 million. On April 30, 2025, Vacasa, along with its subsidiary Vacasa Holdings LLC and other entities, finalized the transactions outlined in the merger agreement that was initially signed on December 30, 2024, and subsequently amended.

The agreement led to the merger of LLC Merger Sub with and into Company LLC, with Company LLC surviving as a wholly owned subsidiary of Parent. Additionally, Company Merger Sub merged with Vacasa Inc., with Vacasa continuing as the surviving entity. This series of mergers effectively resulted in Vacasa becoming a wholly owned subsidiary of Parent.

As part of the merger process, Vacasa’s Class A common stock, previously traded under the ticker "VCSA" on the Nasdaq Global Select Market, has been delisted. Before delisting, the stock had shown significant volatility, with a 111% price increase over the past six months despite a -29.6% one-year return. Trading of the stock was suspended prior to market opening on May 1, 2025, and the company has notified Nasdaq to file a notification of removal from listing and registration. For detailed analysis of similar market movements and company transitions, InvestingPro subscribers have access to comprehensive research reports covering 1,400+ US stocks. The company also intends to terminate the registration of its Class A common stock under Section 12(g) of the Exchange Act and suspend its reporting obligations.

In connection with the mergers, Vacasa’s board of directors and certain officers have seen changes. Prior to the merger effective time, all members of the board resigned, and new directors were appointed. Additionally, the company’s officers, Robert Greyber and William Atkins, resigned from their positions.

The completion of the mergers has also led to the amendment of Vacasa’s Amended and Restated Certificate of Incorporation, and the adoption of Company Merger Sub’s bylaws as the bylaws of Vacasa.

The financial terms of the deal included a merger consideration of approximately $47.4 million paid to Vacasa stockholders, excluding the rollover. The funding for the transactions came from equity contributions from investment funds affiliated with Parent. The deal comes at a time when Vacasa reported challenging financial metrics, including negative EBITDA of -$10.7 million and a concerning current ratio of 0.77, indicating potential liquidity challenges. Get access to more detailed financial analysis and 12 additional InvestingPro Tips for companies undergoing similar transitions.

This merger marks a significant change in control for Vacasa Inc., and the company has been released from any further rights or obligations, including payments under the Tax Receivable Agreement due to the TRA Amendment.

The information provided in this article is based on a press release statement.

In other recent news, Vacasa, Inc. announced that its shareholders have approved a merger with Casago, a fellow vacation rental company. This decision followed endorsements from Institutional Shareholder Services Inc. and Glass, Lewis (JO:LEWJ) & Co., which advised shareholders to favor the merger. The merger is set to be completed by the end of April, pending the satisfaction of remaining conditions. Vacasa’s Board chose Casago’s revised offer of $5.30 per share over a competing bid from Davidson Kempner, citing greater certainty and no need for amendments to existing agreements. Additionally, Vacasa amended its merger agreement with Casago, removing certain conditions related to antitrust waiting periods, further facilitating the merger process. The company has also responded to a buyout proposal from Davidson Kempner, though the financial terms of the proposal were not disclosed. Investors and stakeholders are encouraged to review the forthcoming proxy statement for detailed information on the merger. These developments highlight Vacasa’s strategic moves to solidify its market position through the merger with Casago.

Vacasa Inc. completes series of strategic mergers By Investing.com

Vacasa Inc., a property management service provider with annual revenue of $910 million and a market capitalization of $121.5 million, completed a series of mergers in April 2025, including a merger with Casago, a vacation rental company. The transactions involved a $47.4 million merger consideration and a $5.30 per share merger offer, with the Casago deal pending finalization. Vacasa's stock was delisted, and key executives resigned, while the company amended its corporate structure and governance. The mergers followed a challenging financial period marked by negative EBITDA and liquidity concerns.