Item 8.01 Other Events.

As previously disclosed, on January 31, 2022, Citrix Systems, Inc., a Delaware corporation (the "Company"), entered into an Agreement and Plan of Merger (the "Merger Agreement") with Picard Parent, Inc., a Delaware corporation ("Parent"), Picard Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), and, for certain limited purposes detailed in the Merger Agreement, TIBCO Software Inc., a Delaware corporation, pursuant to which Merger Sub will merge with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly-owned subsidiary of Parent. As of the date of this report, the Company expects the Merger to close on September 30, 2022, subject to the satisfaction of the remaining customary closing conditions.

Also, as previously disclosed, pursuant to the Merger Agreement and at the request of Parent, on August 29, 2022, the Company commenced an offer (the "Repurchase Offer") to repurchase for cash up to $750 million aggregate principal amount of its outstanding 4.500% Senior Notes due 2027 (the "2027 Notes"). The Repurchase Offer is subject to certain conditions as described in the related Offer to Purchase (the "Offer to Purchase"), including consummation of the Merger and the occurrence of a Ratings Event (as defined in the Base Indenture and First Supplemental Indenture governing the 2027 Notes) in connection with the Merger, although the completion of the Repurchase Offer is not a condition to the consummation of the Merger. The Repurchase Offer is currently set to expire at 5:00 PM, New York City time, on the date that is the later of (i) September 27, 2022 and (ii) the date that is one business day prior to the date on which the Merger is consummated. Assuming the consummation of the Merger occurs on the expected closing date of September 30, 2022, the Repurchase Offer will expire at 5:00 PM, New York City time, on September 29, 2022. The Repurchase Offer may, subject to applicable law, be amended, extended, terminated or withdrawn at any time and for any reason.

This report is neither an offer to purchase nor a solicitation of an offer to sell the 2027 Notes. The Repurchase Offer is being made only pursuant to, and upon the terms and conditions set forth in, the Offer to Purchase.

Safe Harbor for Forward-Looking Statements

Certain statements contained in this report may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "predicts," "plans," "expects," "anticipates," "believes," "goal," "target," "estimate," "potential," "may," "might," "could," "see," "seek," "forecast," and similar words. Forward-looking statements are based on the Company's current plans and expectations and involve risks and uncertainties which are, in many instances, beyond the Company's control, and which could cause actual results to differ materially from those included in or contemplated or implied by the forward-looking statements. Such risks and uncertainties include, among others: (i) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement; (ii) the failure to satisfy any of the remaining conditions to the completion of the proposed Merger; (iii) any difficulties of Vista or Elliott in financing the Merger as a result of uncertainty or adverse developments in the debt or equity capital markets or otherwise; (iv) the effect of the announcement of the proposed Merger on the ability of the Company to retain and hire key personnel and maintain relationships with its key business partners and customers, and others with whom it does business, or on its operating results and businesses generally; (v) the response of competitors to the proposed Merger; (vi) risks associated with the disruption of management's attention from ongoing business operations due to the proposed Merger; (vii) the ability to meet expectations regarding the timing and completion of the proposed Merger; (viii) significant costs associated with the proposed Merger; (ix) potential litigation relating to the proposed Merger; (x) restrictions during the pendency of the proposed Merger that may impact the Company's ability to pursue certain business opportunities; and (xi) the other risks, uncertainties and factors detailed in the Company's filings with the SEC, including in the Company's Annual Report on Form 10-K, filed February 16, 2022, as amended, and Quarterly Reports on Form 10-Q, filed May 5, 2022 and July 26, 2022. As a result of such risks, uncertainties and factors, the Company's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. The Company is providing the information in this report as of this date and assumes no obligations to update the information included in this report or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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