secwatch.observer — SEC 8-K summary
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Issuer:     Xperi Inc. (XPER)
CIK:        0001788999
Form:       8-K
Filed at:   2024-10-03T23:59:59+00:00
Accession:  0000950170-24-111714
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xperi closes $80M sale of Perceive subsidiary to Amazon; expects ~$52M net proceeds
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- Sale of Perceive Corporation to Amazon.com Services for $80M cash closed Oct. 2, 2024.
- Net proceeds estimated ~$52M after taxes, fees; $12M holdback for indemnification.
- Company intends to use a portion of net proceeds to repurchase common stock.
- Transaction expected to improve Xperi's adjusted EBITDA margin by ~1 percentage point annually.
- Xperi indirectly owns 76.2% of Perceive; noncontrolling interest reflects minority share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1788999/000095017024111714/0000950170-24-111714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1788999/000095017024111714/xper-20241002.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-111714

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