secwatch.observer — SEC 8-K summary
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Issuer:     EMAGIN CORP (—)
CIK:        0001046995
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001104659-23-061652
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

eMagin to be acquired by Samsung Display for $2.08 per share in cash
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- Merger consideration: $2.08 per share in cash; stockholder approval required; expected to close in H2 2023 subject to conditions.
- Support agreement: holders of ~98% of Series B preferred stock (21% voting power) commit to vote in favor.
- Loan agreement: Samsung Display provides eMagin up to $13M in secured loans to fund operations until close.
- Termination fee: eMagin pays $9M if it accepts a superior proposal.
- Certificate of amendment for Series B preferred to receive merger consideration instead of conversion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046995/000110465923061652/0001104659-23-061652-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046995/000110465923061652/tm2315987d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-061652

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