secwatch.observer — SEC 8-K summary
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Issuer:     AMTECH SYSTEMS INC (ASYS)
CIK:        0000720500
Form:       8-K
Filed at:   2023-01-17T23:59:59+00:00
Accession:  0000950170-23-000819
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amtech Systems acquires Entrepix for $35M in cash/loan; expands CMP/wafer cleaning portfolio
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- Acquired Entrepix for $35M in cash and a $12M term loan from UMB Bank; closed Jan 17, 2023.
- Entrepix reported trailing-twelve-month revenue of $26.7M (unaudited) as of Dec 31, 2022.
- Deal expected to expand Amtech's CMP and wafer cleaning portfolio, targeting silicon carbide and smaller wafer markets.
- Amtech also entered a $12M term loan (maturing 2028) and $8M revolver (maturing 2024) with UMB Bank.
- Financial statements of Entrepix to be filed by amendment within 71 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720500/000095017023000819/0000950170-23-000819-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720500/000095017023000819/asys-20230117.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000819

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