Twitter CEO Parag Agrawal is holding an all-hands meeting with staff Monday afternoon at 5 p.m. ET (2 p.m. PT), according to an internal company email obtained by CNN.
“I know this is a significant change and you're likely processing what this means for you and Twitter's future,” Agrawal wrote in the email.
Following news that Twitter had agreed to sell itself to Elon Musk, the company's stock was up nearly 6%, hovering around $51.84, just shy of the offer price.
If approved by shareholders and regulators, the deal will put the world's richest man in charge of one of the world's most influential social media platforms. Musk has repeatedly stressed in recent days that his goal is to bolster free speech on the platform and work to "unlock" Twitter's "extraordinary potential."
CNN's Clare Duffy contributed reporting to this post.