Bending Spoons shares rose roughly 4.9% in morning trading following the company’s announcement that it has signed a definitive agreement to acquire Miro, a digital whiteboard and workplace collaboration platform, for an enterprise value of $1.355 billion in an all-cash transaction.
When Miro’s net cash is taken into account, the arrangement implies an equity valuation of about $1.79 billion. The companies said the transaction is expected to be completed in the fourth quarter of 2026, pending regulatory approvals and the usual closing conditions that accompany large deals.
A structurally significant element of the agreement is that certain Miro shareholders have agreed to reinvest $295 million of their proceeds from the sale into newly issued Bending Spoons equity. Market observers have widely viewed that reinvestment as an endorsement of Bending Spoons’ longer-term strategic direction.
Miro brings to the table approximately $600 million in annual recurring revenue, with nearly 90% of that revenue coming from business and enterprise customers. The platform serves more than 100 million users across over 250,000 organizations, according to the information released with the deal announcement. In comments provided with the disclosure, CEO Luca Ferrari said it was "a privilege, and no small responsibility" to take on a product so deeply embedded in enterprise workflows.
The Miro acquisition follows Bending Spoons’ recently completed purchase of Airtable, reinforcing a rapid pace of acquisitions from the company since its Nasdaq initial public offering in July 2026.
The stock’s advance came despite an unfavorable broader market backdrop. The S&P 500 slipped 0.6% and the Nasdaq declined 0.8% on the same day, leaving Bending Spoons’ outperformance attributable to the company-specific news surrounding Miro.
Strategically, the deal increases Bending Spoons’ footprint in the enterprise collaboration software market, placing it in more direct competition with established players such as Notion and Atlassian. Company executives framed the transaction as reinforcing Bending Spoons’ model of driving operational change through AI-enabled initiatives.
Investors responded to the announcement by pushing the stock to $39.6 during the session, a move well ahead of a market that was broadly in retreat.
Deal mechanics and timeline
The transaction is structured as an all-cash acquisition at an enterprise value of $1.355 billion, with the adjusted equity value near $1.79 billion after accounting for net cash on Miro’s balance sheet. Closing is anticipated in the fourth quarter of 2026, and remains subject to regulatory approvals and other customary conditions.
Investor reaction and strategic implications
Market participants have pointed to the $295 million reinvestment by certain Miro shareholders as a noteworthy vote of confidence in Bending Spoons’ strategic plan. With Miro’s large enterprise customer base and $600 million in annual recurring revenue, the acquisition meaningfully expands Bending Spoons’ exposure to the enterprise collaboration segment and heightens direct competition with peers in that market.
The deal is part of a broader M&A cadence for Bending Spoons since its Nasdaq listing, following the recent Airtable acquisition and signaling continued consolidation efforts in digital platform assets.