secwatch.observer — SEC 8-K summary
======================================

Issuer:     FORMFACTOR INC (FORM)
CIK:        0001039399
Form:       8-K
Filed at:   2026-10-13T10:30:01+00:00
Accession:  0001039399-26-000037
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

FormFactor to sell 2.23M shares to Teradyne for $300M in private placement tied to test collaboration
--------------------------------------------------------------------------------

- Securities Purchase Agreement dated Oct 6, 2026: Teradyne (TER) buys 2,234,887 FORM shares for ~$300.0M, an implied ~$134.24/share, in a private placement exempt under Section 4(a)(2).
- Transaction expected to close in Q4 fiscal 2026, subject to customary closing conditions and regulatory approvals.
- Companies announced broad technology collaboration combining FormFactor probe, interface, test-engineering and characterization expertise with Teradyne automated test platforms.
- Target applications named: high-performance compute, advanced packaging, high-bandwidth memory (HBM) and silicon photonics, from wafer to data center.
- FormFactor CEO Mike Slessor cited test performance and time-to-market as competitive advantages; Teradyne CEO Gregory Smith framed it as an 'open, interoperable ecosystem' for shared customers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039399/000103939926000037/0001039399-26-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039399/000103939926000037/form-20261006.htm
  HTML page:      https://secwatch.observer/filing/0001039399-26-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer