Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
AMTECH SYSTEMS INC completed an acquisition involving Entrepix, Inc. for $35.0 million (closed 2023-01-17).
- Action
- acquisition
- Counterparty
- Entrepix, Inc.
- Consideration
- $35.0 million
- Closing
- 2023-01-17
Exact text from the filing
the Company paid a purchase price of $35.0 million, subject to certain customary purchase price adjustments.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AMTECH SYSTEMS INC entered into Loan and Security Agreement with UMB Bank, N.A. (effective 2023-01-17).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- UMB Bank, N.A.
- Effective
- 2023-01-17
Exact text from the filing
On January 17, 2023, the Company entered into a Loan and Security Agreement (the (“ LSA ”) by and among the Company, its U.S. based wholly owned subsidiaries Bruce Technologies, Inc., a Massachusetts corporation, BTU International, Inc., a Delaware corporation, Intersurface Dynamics, Incorporated, a Connecticut corporation, P.R. Hoffman Machine Products, Inc., an Arizona corporation, and Entrepix, Inc., (collectively the “ Borrowers ”), and UMB Bank, N.A., national banking association (the “ Lender ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AMTECH SYSTEMS INC entered into Agreement and Plan of Merger with Entrepix, Inc., Emerald Merger Sub, Inc., Timothy P. Tobin, and the Key Shareholders valued at $35.0 million (effective 2023-01-17).
- Action
- entry
- Agreement
- merger
- Counterparty
- Entrepix, Inc., Emerald Merger Sub, Inc., Timothy P. Tobin, and the Key Shareholders
- Value
- $35.0 million
- Effective
- 2023-01-17
Exact text from the filing
The acquisition was consummated pursuant to the terms of an Agreement and Plan of Merger (the “ Merger Agreement ”), dated January 17, 2023, by and among the Company, Emerald Merger Sub, Inc., an Arizona corporation and wholly owned subsidiary of the Company (“ Merger Sub ”), Entrepix, Timothy P. Tobin, solely in his capacity as the shareholders’ representative, and the Key Shareholders (as defined in the Merger Agreement).
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